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Looking to Relocate/Setup Your Business to Singapore?

If you are looking to incorporate or expand your business to Singapore, look no further. Regardless whether you are a seasoned business professional or a budding entrepreneur, we are in a position to dispense the best advice on the various options available.

Setting up a business, especially if you are a non-Singaporean, requires that you be familiar with the policies and systems in place. As such, it may be worthwhile to engage the services of a professional firm to register your company in Singapore. This ensures that your business complies with local immigration laws and policies.

With its pro-business environment and laws, Singapore has established itself as a hotbed for innovation and entrepreneurship, attracting corporates both small and large as the choice destination to relocate.

As one of the world’s easiest places to do business, setting up in Singapore is seamless and efficient for both corporate or individual investors.


Why is Singapore an Ideal location for Business?

 

Covid Unveils Need to Accelerate Smart Nation Drive



With mandatory lock-downs and work from home orders befalling us all globally, one key take away we can agree on is that the world needs to digitalise or die.

Part of the Digital Government Blueprint tabled back in 2018,  the Smart Nation initiative is an ongoing digital revolution, that recognises how advancements in digital technologies are transforming the way we live, work and play. Singapore envisions Smart Nation to lead the economy powered by digital innovation, and a world-class city with a Government that provides citizens the best home possible, complying with their different and changing needs.

What Covid-19 has clearly showed the world is that at all levels (Enterprises, Schools, Workers, Students, Families) - we are all going digital. From the swift adoption of digital alternatives to the abrupt transition from traditional office to home office setup, the world is changing rapidly, and we will need to be ready to embrace 'new norms'.

As Immigration Professionals, the Circuit Breaker provided us with an opportunity to analyse how foreigners in Singapore can make use of this period to elevate their chances of securing Singapore PR / Citizenship. Simply by knowing how to put together a compelling case profile, candidates with the right skill-sets and experience can stand out from other applicants.

Further, Singapore is already looking ahead to overcome this pandemic with resilience and fortitude. To do this, Singapore cannot do it alone. In the last few weeks, Ministers from the various government bodies have reaffirmed how vital, foreign talent contribution is to the economy. 

If you are keen to apply for either Singapore Permanent Residence or Citizenship, you can take light that to date, there are no major policies that has been meted out to freeze nor reduce annual approval quotas. On the contrary, below are some reasons why Singapore probably needs you if you have a strong Digital / Tech background :

 

Singapore Population Trends 2019 - Insights from Immigration Specialists

 

The Singapore Department of Statistics have recently released their Population in Brief (PIB) 2019 Report with fresh data on Singapore’s population. It provides key updates and trends on Singapore’s population, particularly in relation to citizenship marriages, births and Immigration.

As Immigration Specialists who meet hopeful Singapore PR and Citizenship applicants daily, our industry insights has once again proved vital in assisting many of our clients attain approval for the year 2019. As we deep dive into the data presented in these reports we would like to bring focus on the following findings :

 

1) Singapore's Citizen Population continues to age. In tandem, our resident old-age support ratio stands higher. The citizen population grew by 0.8%, to reach 3.50 million citizens as of Jun 2019. The citizen population continues to age, with 16.0% aged 65 and above compared with 15.2% last year. 

2) The PR population remained relatively stable with an increase in the total number of PRs in Singapore from 522,300 to 525,300. The non-resident population grew by 2.0%, to reach 1.68 million as of Jun 2019. This was mainly attributed to foreign employment growth due to sustained growth in Services and the turnaround in Construction.

3) 22,550 Singapore Citizens (SCs) and 32,710 PRs were granted between June 2018 - June 2019 (an increase from the year before)

4) The majority of our new PRs granted are in the prime working ages of 21-40 years 

5) Southeast Asian and Other Asian Countries makes up 93% of total quote allocation


How does one then take advantage of increasing opportunities for their Singapore PR / Citizenship application to be given strong consideration for Approvals? 

What Does Singapore’s Growth as a Tech Titan Mean for PR/Citizenship Applicants?

 

Despite Singapore’s small size as a nation compared to the other world powers, it has not faltered in advancing its technological advancements and according to Jeff Zhang, Chief Technology Officer of Alibaba Group, has become “well known for its world-leading technology R&D institutions, strong base of academic research talent, a population that is receptive to the next big thing in technology, and supportive government policies”. A 2017 index ranked the Republic among the world’s best for the strength of IP protections, demonstrating Singapore’s commitment to nurturing and protecting high-value innovation. 

So what does this mean for PR and Citizenship applicants with the relevant experience and expertise?


Singapore Population Trends 2018 - Insights from Immigration Specialists

 

The Singapore Department of Statistics have recently released their Population in Brief (PIB) 2018 Report with fresh data on Singapore’s population. It provides key updates and trends on Singapore’s population, particularly in relation to citizenship marriages, births and Immigration.

As Immigration Specialists who meet hopeful Singapore PR and Citizenship applicants daily, our industry insights has once again proved vital in assisting many of our clients attain approval for the year 2018. As we deep dive into the data presented in these reports we would like to bring focus on the following findings :

1) Singapore's Citizen Population continues to age. In tandem, our resident old-age support ratio stands higher 

2) The PR population remained relatively stable with a slight decrease in the total number of PRs in Singapore in the last year

3) 22,076 Singapore Citizens (SCs) and 31,849 PRs were granted in the last year

4) The majority of our PRs are in the prime working ages of 25-49 years 


How does one then take advantage of increasing opportunities for their Singapore PR / Citizenship application to be given strong consideration for Approvals? 

Singapore - A hotbed for Innovation

 

As we move into the final quarter for 2018, we have seen increased focus from various government bodies and media up-playing Singapore as an integral place for Innovation & Technology.

Straits Times Article - Singapore needs foreign tech talent: Ong Ye Kung - 21 September 2018

Straits Times Article - Singapore ranked second-best Asian city for tech firms: Report - 20 September 2018

 

In another insightful article, EDB highlights Singapore as the center for Artificial Intelligence and other R&D innovations. According to the Global Innovation Index, Singapore was ranked #1 in Asia and #7 globally among the world's most innovative countries of 2017.

Both global corporate giants and local start-ups thrive in Singapore where R&D is concerned (particularly in technology and biomedical science).

Quote: "An inviting business climate and a talented workforce are attracting technology companies to Singapore". 

In another quote, "The nation will maintain little restriction on foreign labour for high-end jobs such as in artificial intelligence, while keeping a quota system for lower-skilled industries including construction"

Would this perhaps indicate increasing opportunities for Singapore PR / Citizenship applicants employed in this sector?

Higher Approval Rates for Singapore Permanent Residence Applicants from Technology Sectors?

 

In recent years, the Singapore government has been initiating policies to encourage the growth of certain key industries. This shifting trend in governmental approaches to local business development can be dated back to the 1990s and early 2000s, where the government encourages the building of a “knowledge-based economy”, with a focus on innovations in technology as well as research and development in other sectors.

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Immigration@SG LLP
1 Raffles Place
#26-02, One Raffles Place, Tower 1
Singapore 048616

General Enquiries:
+65 6493 1830

PR & Citizenship Consultation:
+65 6493 1830

Work Pass Enquiries:
+65 6493 1825

Mondays to Fridays, 8.30am to 7pm
Saturdays, Prior arrangements necessary

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