Create his company in Singapore: 10 Things You Need to Know

August 16, 2013 – 00:00

In many ways Singapore is a model of success. Since its independence in 1965, the city-state known successful unconventional. Team W Project spent three weeks in the heart of the city to understand why it attracts entrepreneurs and businesses worldwide. 10 things to remember:

singapore flag 1 - No. 1

Since two years, Singapore is No. 1 ranked " Ease of Doing Business "World Bank. 1st place in the world for cross-border trade, the fourth for the creation of business is also the first financial center of Southeast Asia and the second most competitive country in the world ( Global Competitiveness Report ). Singapore is also cited as an example of the effectiveness of its public service and administration.

2 - A strategic location

The geographical position of Singapore is one of the major hubs of South East Asia, real passageway between the Indian Ocean and the Pacific. Since Singapore can easily spread from Malaysia, Indonesia, Thailand, Burma, the Philippines, Laos and Cambodia ... When you know the potential of these countries, Singapore's position is ideal.

3 - A Model of Development

Singapore is primarily a development model that has to do with his disability real assets. The city lacks space? She decided to develop on the sea city water shortage? It is now a world leader in the recycling of wastewater and sea Examples are legion for a city that has chosen to build wealth of knowledge as number 1.

4 - A plural society, a cosmopolitan city

In 2012, more than 38% of the population living in Singapore is foreign. In the majority of the population is ethnic Chinese (75%) followed by Malays (13.4%) and Indians (9.2%). A multiculturalism that is found in the neighborhoods of Little India, China Town in the streets of Arab Street or Western bars and restaurants of Club Street.

5 - Preparing for the competition

Who says cosmopolitan said competition. Prepare yourself for a fierce competition for jobs like entrepreneurship, with 75% of residents over age 25 who have a secondary or higher education. Moreover, we come to Singapore to work, permission to stay in the territory is conditioned on obtaining employment for foreigners (excluding permanent residents).

6 - Attention Visa

Since 2012, one of the difficulties for the French in particular is to get a visa, the government wishing to limit the arrival of new immigrants in the country. For entrepreneurs, there is the Entrepass that requires very specific conditions: $ 50 000 capital, less than 6 months old, at least 30%-owned by applying some and prohibited areas.


Summer Reading....

2001-08-06 00:20:22 by hollywoodman667

L.A. new money capital of California
High-tech downfall loosened Bay Area's grip on state economy
Sam Zuckerman, Chronicle Economics Writer Sunday, August 5, 2001
Los Angeles -- Just a few blocks from the gleaming office towers of downtown lies a scruffy commercial neighborhood that shows how this Southern California metropolis has risen from the economic ashes.
Fifteen years ago, the area tucked between Little Tokyo and skid row - crammed with flophouses and abandoned warehouses - reeked of urban decay

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