• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Tuesday, July 8, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Story

Why are tech-driven companies moving to Singapore?

by Rohan Mathawan
February 4, 2020
in Story
Reading Time: 3 mins read
0
TwitterWhatsappLinkedin

Singapore has developed into an Asian technology centre and a favourite destination for companies that want to soar in the emerging markets. According to the EDB (Economic Development Board of the Government of Singapore), 80 of the 100 leading technology companies in the world operate in Singapore. 

You might also like

NetEase Games Lays Off Marvel Rivals Seattle Team Amid Development Restructuring

Stellantis Reverses Layoff Decision, Secures Jobs for 1,100 Workers at Ohio Jeep Plant

10 Must-Watch Christmas Movies on Netflix This Holiday Season

The tech companies like Google, Facebook have 1000-1500 employees. While the numbers increase year on year. Nevertheless, if a person wants to join in the top tech companies based on Singapore, they need to fulfilnecessary requirements like Singapore visa among others. 

The 2017 Bloomberg Innovation Index placed Singapore at number 6 in the world, just above Japan and the United States, while China is at position 21. It is one of the reasons why may technology companies seek to invest or have already invested in the country.

Here are four factors that make Singapore an attractive country for tech companies: 

1. Open and Connected 

Singapore is a country connected to every country in the world. Therefore, it is said to be the centre of Asia. One of the studies states that most of the cities of China connect to Singapore. Also, New York and Sydney connect to Singapore. The laws and rules of Singapore are transparent for all the companies. 

The stakeholders have gained the trust of the government and many NGOs as well as business owners. It creates a good business cycle. Mainly because the Singapore government continues to be involved in every partnership between the public and the private sector that is open and mutually beneficial. 

2. Free Trade Agreement (FTA) 

Singapore is a small country with a population of more than 5 million. It has established regional and bilateral FTAs. The multilateral transactions EU-Singapore Free Trade Agreement EUSFTA and Comprehensive and Progressive Trans-Pacific Partnership CPTPP have high standards to promote the digital economy and trade platform. These agreements effectively opened all the world’s major markets for Singapore-based companies. 

Singapore is even more alluring as there are no signs of easing trade conflicts between the US and China. To meet FTA requirements, companies can shift their regional chains to Singapore, where there is a strong network of suppliers from strategic partners and local service providers. 

3. Friendly to Trade and Digital Data 

In ASEAN, as other countries have established more barriers to cross-border data flow, Singapore has become the initiator of the emergence of the ASEAN-Australia Digital Trade Framework Initiative. 

Singapore National Trade Platform provides a transparent and open environment to the companies without forcing any strict legal barriers. 

4. Geopolitically Safe 

The risk of US geopolitics with China is increasing. Thus, American and foreign technology companies are facing obstacles. 

Partnering with entities listed in trade sanctions, for example, can cause company transactions to be blocked, increase control of exports, and technological sanctions that damage daily supply chain activities. 

Multinational companies must, therefore, strategically enhance the stronghold of the technology ecosystem to comply with national security regulations and sanctions. 

Conclusion:

Singapore has its export control framework and licensing protocol based on the Western structure. Thus, it provides ample opportunities for foreign companies wishing to manage their exports. Hence, Singapore is one of the safest countries with transparent policies. Such policies are attracting many multinational tech companies to move to Singapore. And, foreigners looking to work in tech-savvy Singapore, need a Singapore Visa.

Tweet54SendShare15
Previous Post

Made switching jobs easier – Mirajobs.com

Next Post

Embibe secured INR 90 Cr from Reliance Industries

Rohan Mathawan

Content Editor at Techstory Media | Technology | Gadgets | Written more than 5000+ articles about different niches from Tech to online real money gaming for reputed brands and companies. Get in touch Email: [email protected] For Business Enquires related to TechStory [email protected]

Recommended For You

NetEase Games Lays Off Marvel Rivals Seattle Team Amid Development Restructuring

by Samir Gautam
February 19, 2025
0
NetEase Games Lays Off Marvel Rivals Seattle Team Amid Development Restructuring

NetEase Games has confirmed that several developers from the Seattle-based team working on Marvel Rivals have been laid off as part of a move to "optimize development efficiency."...

Read more

Stellantis Reverses Layoff Decision, Secures Jobs for 1,100 Workers at Ohio Jeep Plant

by Samir Gautam
December 23, 2024
0
Stellantis Reverses Layoff Decision, Secures Jobs for 1,100 Workers at Ohio Jeep Plant

Stellantis, the world’s fourth-largest automaker, announced a major reversal of its initial plans to lay off approximately 1,100 employees at its Toledo South Assembly Plant in Ohio. The...

Read more

10 Must-Watch Christmas Movies on Netflix This Holiday Season

by Thomas Babychan
December 14, 2024
0
10 Must-Watch Christmas Movies on Netflix This Holiday Season

The holiday season is the perfect time to indulge in the spirit of Christmas, and what better way to celebrate than by curling up with some feel-good festive...

Read more
Next Post
Embibe secured INR 90 Cr from Reliance Industries

Embibe secured INR 90 Cr from Reliance Industries

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?