South East Asia is a major business hub for Indian entrepreneurs with global ambitions. With every passing year more and more Indians are turning eastward to launch their business. Whether it is for the global expansion of their existing business or to set up a new business, there are several reasons why many Indian are considering to set up in South East Asia. In fact, it is an ideal location for companies all over the world to set up a new business or expand their market.
South East Asia’s start-up ecosystem, highly efficient infrastructure, sizeable collective market, greater ease of doing business, huge consumer demand, stable political environment, attractive tax regime, efficient regulatory systems and many more factors contribute to making it a fantastic gateway for start-ups looking to go global. Moreover, the business-friendly environment and easy access to venture capital also attract many Indians to South East Asia. The region provides the most conducive environment for companies looking to expand in the region.
Industry sources reveal that every 1 out of 7 start-ups in South East Asia is launched by Indians or Indian-origin CEOs. Apart from the above mentioned reasons, another major reason for company formation in Singapore and other South East Asian countries is the government support. The government in South East Asia actively extends help to new entrepreneurs by assisting them in mentorship, quick regulatory clearances, seed funding and a hands-on approach to solve any problems they face. The government promotes these newly launched ventures by offering salary subsidies, growth funding and conducive business environment.
Setting up a business in South East Asia is very easy and straightforward. It welcomes with open arms investors, entrepreneurs and professionals who can complement its economy. Moreover, Singaporean authorities are extremely fast and efficient. Company registration in Singapore takes just a few hours, right from getting the registration number to signed MoUs, everything is quick and efficiently handled.
The attractive tax rate in South East Asia is also a major reason to draw Indians as it is almost half of that in India. This helps the Indian entrepreneurs retain their earning and price their products more competitively. South East Asia also gives the advantage of huge customer demand. If you look at Singapore alone, the population base is around 5.6 million, which is quite good to serve.
Bottom Line
South East Asia enjoys one of the top-most positions in the global economy and continues to be every entrepreneur’s dream destination. The above mentioned factors make South East Asia the world’s top region when it comes to doing business.
Seeing an opportunity, we, at IMC Group have set up our own office in the region to cater to the growing needs of businesses. We offer a range of company registration services in Singapore right from conducting an initial market survey to acquiring various business licenses, getting government approvals, conducting company incorporation formalities, preparing necessary documentation, assisting with payroll, accounting and finance and much more. We offer one-stop business solution to entrepreneurs looking to set up their business in Singapore.
Get in touch with us for more information on how we can help you!
Source URL: https://economictimes.indiatimes.com/nri/nris-in-news/why-many-indians-are-moving-to-se-asia-to-launch-their-ventures/articleshow/68878843.cms
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