Investing is no small business. Especially when looking for the right small business on a global scale. There is a whole list of factors to consider, but here are 5 of – according to us – the most important ones to help you as a foreign investor in making the right decision.
- Small country with modern-age infrastructure. And, oh, the success stories because of it. Local start-up Grab wouldn’t have been able to secure its 50% market share without the advanced technological and infrastructural advantages Singapore has to offer.
- The start-up scene here could be called relatively new, but it already has produced notable, successful brands. Just earlier this month, Grab has raised its valuation to nearly $40 billion, after its highly successful merger with SPAC. There are several other such young, promising companies available here. As an investor with ferocious appetite and capacity to build a business and help society, why not be the first one to sit at the table and get to choose a piece of the freshly baked pie?
- As an investor, a priority when investing would be a business-friendly policy environment. You’re in luck, because Singapore has been ranked World Bank has ranked Singapore in the Top 3 countries among 190 countries for its ease of doing business for over a decade now. If simple, efficient, and quick are what you want, you’d be hard pressed to find a better country to give you all 3.
- There are many things to factor in with start-ups. Access to start-up resources, effective start-up ecosystem, a skilled workforce, so on and so forth.
- In Singapore, however, we have them all. Start-up resources – several evidences to show this, but the biggest one is that Singapore has been described as the 1st freest economy in the world, making it a great place for start-ups to operate. You are able to set up a business in any sector; trade is not limited; and currency is strong and stable, allowing for capital to flow easily in and out of the country.
- Skilled workforce – Singapore ranks as the best country for developing human capital, according to a report released by the World Bank.
- If you’re worried about laws – which is valid – don’t be. Singapore’s legal system is known for being fair, efficient and impartial, and it is ranked as the fourth least corrupt country in the world. Strong protections for contract law are in place with Singapore’s legal system. The laws themselves are strictly enforced by the courts. It is a testament to the country’s legal system that many large companies often mutually choose to apply Singapore law to their contracts even when neither party is located in the country.
You may have more reasons that are important to you when looking into investing a start-up, but these 5 should be a good place to start. Whatever other checkboxes you might have, rest assured, Singapore ticks them all.