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Roman Nelson | romannelson

Why you should relocate your startup to Singapore?

Dec 27th 2015 at 11:29 AM

According to research by The Financial Times, engineering and technology companies and start-ups interest for Asia in general and in Singapore in particular growth significantly. Companies from around the world are seeking here funding and favorable conditions for development.

Singapore`s funding

Singapore enjoys a special interest. There are several reasons, but the main reason is that local authorities have opened a magic funding door, specifically for technical and technological start-ups. This in turn has attracted not only the companies and start-ups, but also fresh private funding.

A special feature of any more or less serious technical endeavors is that the initial costs are very high. This is a development of the device / technology, debugging, execution, and many other things. That is why so many young projects are seeking money from investors and business angels - alone they simply do not raise such an array.

Special accelerators and funds for such projects exist throughout the world, but not all proposed conditions are beneficial to creators. At the same time more often they give a small amount of money, which is simply not enough even for primary achievements.

Singapore in this sense is different. If you look at how much money has been invested in various projects, it becomes clear why so many projects seek here.

It speaks for itself

National Research Foundation (NRF) - The National Research Foundation of Singapore has invested 60 million in 6 venture capital funds that finance local start-ups in the field of hi-tech.

Add to this the program «Technology Incubation Scheme», which becomes a co-investor in tech-ventures, giving up to 85% or 500 000 dollars to the incorporated in Singapore engineering company.

Because of an extensive system of funding and support, in addition to young companies monsters of the market, such as Google and Microsoft, Yahoo, Facebook, LinkedIn find Singapore very interesting. They all have opened their offices and have started active work, transferring some of its projects to this jurisdiction.

Before an opening a company in Singapore, you need to fulfill some conditions, from the correct name to opening an account on the site. First of all you need to get a visa. It is a quick procedure but you can get a little bit confused. To avoid that you can easily contact a visa expert agency One Visa or VisaExpress.

Remember this

Without a doubt, your startup deserves attention and funding, but always plays a role how it will be presented. So do not forget to take care of marketing, presentations and a clear understanding of why you are doing it.

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