Asia: Why Setting up in Singapore Makes Sense for Businesses in ASEAN
Updated: Dec 30, 2019
Singapore has long been a preeminent destination for setting up a regional headquarters to pursue business opportunities across ASEAN and Asia.
The country’s status as a preferred investment destination in Asia can be attributed to its legal and tax regimes – one of the most business and investor-friendly in the world – as well as its financial system, which is highly integrated with international financial markets.
This business landscape has enabled international investors to take advantage of Singapore’s access to some of the largest combined free trade areas through ASEAN, which include ASEAN-China, ASEAN-Hong Kong and the ASEAN-India free trade agreements (FTAs).
There are, however, a wide variety of factors that add up to make Singapore an ideal location for companies that want to do business in the region.
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