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Singapore to be a hotbed of business investment in 2013 | 28 February 2013

Predictions from GuideMeSingapore.com have suggested that in 2013, the number of new companies set up in Singapore will far exceed the number created during 2012.

According to einnews.com, the company (which provides business incorporation services) expects increasing numbers of new businesses to pop up in the area over the next few months, thanks to North American and European companies wishing to make a name for themselves in Asia.

What’s more, more local entrepreneurs are expected to set up shop too, meaning there may be an even bigger volume of brands searching for office space in Singapore this year. A spokesperson for GuideMeSingapore.com, Jacqueline Low, commented on the predictions: “We are less than two months into the year but we are already seeing a strong trend.

“Take the example of Goldman Sachs, which recently announced plans to hire 1,000 individuals in Singapore. Wall Street firms are recognising that it simply makes more sense to move operations here – the taxes in Singapore are lower, and they will be more in-tune with their target markets in Asia,” she added, according to telegraphindia.com.

She also outlined some of the other benefits to setting up shop in Singapore; citing its location and ‘ease’ with which it does business. Companies that set up in the area will also have access to an exemplary workforce, she implied.

The views expressed in this post are those of the author and are not necessarily those of Qube Global Software. All facts are verified where possible directly by the author.

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Posted by Matt Roobol

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