Start Your Singapore Business On The Right Foot
By Angela Sanders Thursday, December 05, 2013, 11:48 PM EST
There are so many good reasons to start a business in Singapore, but the most important first step has to involve finding a premises. Thankfully, Servcorp.com have access to a huge range of office locations throughout the region, giving you the choice you need at this most crucial stage of the process. There’s a lot to be said for starting on the right foot these days.
When organising a business start-up in any part of the world, there are a great many boxes waiting to be ticked. For the entrepreneur, there is always a desire for haste, and while this is understandable it’s often the case that a little patience will go a long way. Trying to move too quickly at this stage can often lead to mistakes being made, and they can prove serious.
If you have made a definite decision to base your start-up in Singapore, you will no doubt have already carried out plenty of research into the region. This area is home to one of the most vibrant business communities in the world, where the emphasis is on efficiency and success. The commercial infrastructure is already in place, and it encourages hard work.
Choosing the right location in Singapore may prove to be a sticking point for some entrepreneurs. Here you’ll find a pleasing mix of traditional Asian business premises and state of the art modern office blocks, so at an early stage of the proceedings you will need to make a decision about the type of location you want, and how you go about finding it.
Finding the right people
With so many multinational corporations already operating in Singapore, as well as plenty of well-known Asian organisations, recruiting the very best team members may prove to be a difficult proposition. If your business is looking to attract the cream of local and international talent, you may find you face a high degree of opposition from some of the bigger names.
While there are a great many reasons to set up your enterprise in Singapore, the fact that it’s such a business-friendly location is perhaps the most important. The national government has established a commercial haven for companies of all shapes and sizes, and as a result of their policies the subsequent growth in the region has been highly impressive.
Perhaps the most attractive of all the incentives is the local tax situation. Low rates of both business and personal taxation means businesses can succeed in the marketplace from day one, and as an added bonus they will be able to attract key team members from the local region and overseas, safe in the knowledge that lower taxes will prove to be a major draw.
Every business start-up in Singapore has a good chance of success, but hard work is still an important factor, of course. For many would-be entrepreneurs, however, it’s reassuring to know there is an opportunity to succeed in one of the most rewarding markets of all. Singapore is ready and waiting to host businesses of all shapes and sizes in the future.