With its multicultural society and diversity of industries, Singapore is in many ways a microcosm of Asia. It is a good test-bed for innovative business solutions tailored to Asian needs. The presence of over 4,000 MNC headquarters enables Singapore to be a launch pad for these innovations to reach all parts of the globe.
Consistently ranked as having the most protective IP regime in Asia since 1997 by the Political and Economic Risk Consultancy, Singapore is a credible repository of knowledge. It is an ideal place for professional services firms to collaborate with prestigious universities to conduct pioneering R&D and translate insights gained into practical and relevant solutions.
Singapore’s cosmopolitan talent pool, diversified business landscape and trusted legal and political framework make it a great base for professional services firms to create innovative solutions for future business needs.
Singapore is host to MNCs from wide-ranging industries and geographies. According to the World Bank’s “Doing Business 2015” report, the nation was ranked as the easiest place in the world to do business for the tenth year running and this is attested by the wide-ranging industries based here. Singapore’s strategic location offers companies enhanced market access in terms of physical connectivity and also through an extensive network of International Agreements. Singapore’s pro-business environment is further bolstered by a robust financial sector. In fact, 44 per cent of companies have substantial APAC headquarters located in Singapore. Emerging Asian MNCs that are starting to make their mark globally are also using Singapore as a springboard for growth.
Singapore’s sophisticated base of MNCs centre high value-add activities such as IP and brand equity management, M&A and IPOs here, aggregating a strong demand for professional services.
Singapore’s workforce has been recognised as one of the best in Asia (second only to Japan), according to the World Economic Forum’s Human Capital Index 2015. Its open policies to high-end professionals entails that businesses can easily and effectively tap on the global talent pool.