About Singapore: A short history Singapore’s recorded history began in the 2nd century AD when it was known as Temasek, meaning “sea town” in Javanese. It subsequently changed hands multiple times, culminating with the arrival in 1819 of Sir Stamford Raffles, who founded modern Singapore by signing a treaty with the Johor Sultanate to allow the establishment of a British trading post on the island and for it to become a part of the East India Company. Subsequently, in 1826, it formed part of the newly created Straits Settlement. It became fully independent in 1965. Both before independence (from 1959) until 1990, the country was led by (Harry) Lee Kuan Yew, a barrister credited with modernising the country. Even a brief history of Singapore would not be complete without mentioning the Raffles Hotel (named after, but not connected to, Sir Stamford Raffles) and the Singapore Sling, a Gin-based cocktail invented c.1915 in the Raffles Long Bar. Introduction to Singapore Company Formation Singapore has become a popular destination for entrepreneurs and businesses looking to expand their operations. With its strategic location, political stability, robust legal framework, and business-friendly policies, Singapore offers a conducive environment for company formation. This comprehensive blog will explore the requirements and benefits of setting up a company in Singapore. Why Choose Singapore for Company Formation? There are several compelling reasons why entrepreneurs choose Singapore for company formation. Firstly, Singapore has a strong reputation as a global financial hub and is regarded as one of the most accessible places to do business. The World Bank consistently ranks Singapore highly in its Ease of Doing Business Index. Singapore’s political stability and well-established legal system provide a secure and reliable business environment. Another significant advantage of Singapore is its strategic location in Southeast Asia. With excellent connectivity and access to a large consumer market, setting up a company in Singapore allows businesses to tap into the vast opportunities in the region. Furthermore, Singapore has a highly skilled and educated workforce, making it an…
