Business at Singapore


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Overview - Doing Business at Singapore

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  • UBS Group AG/UBS Group SA/UBS Group Inc. ("UBS") is a public company incorporated under the laws of Switzerland and with registered and principal offices in Zurich. UBS is listed on the Swiss Stock Exchange (SIX) and the New York Stock Exchange (NYSE). We do undertake the following financing programs: Financing working capital: We can help you meet your short-term liquidity requirements and finance your working capital. SME overdraft facility Overdraft facility Lump-sum advance Factoring Financing long-term investment and capital goods: Whether you’re acquiring new machinery or updating your IT infrastructure, we can help you with your plans. LIBOR loan Fixed loan Rollover loan Leasing Financing real estate: We offer a wide range of solutions to help you finance your real estate portfolio. Mortgages : Financing and hedging cross-border business Trade & Export Finance Strategic financial advice for large and multinational companies We help global companies overcome complex strategic challenges through our comprehensive range of corporate finance solutions: Advice on company disposals, mergers and acquisitions Credit finance for strategic transactions and projects Services for real estate sales and financing Support for financing on the capital markets For further inquires do contact:
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Business at Singapore

  1. 1. Doing Business in Singapore V I D H YA L A K S H M I K 11/7/2012 Doing Business in Singapore
  2. 2. Doing Business in Singapore • SINGAPORE is a lively, vibrant and efficient place with a cosmopolitan population. • Singapore is the 8th largest source of investment in India. • Remarkable for efficiency where things get done. • Between 2006-07 and 2010-11, trade has grown by 51%, and it is expected to touch $32 billion by 2015. • Singapore accounts for 10% of India’s total inward FDI, making it the 2nd largest investor in Indian economy. India has emerged as the 8th largest investor in Singapore 11/7/2012 Doing Business in Singapore
  3. 3. Doing Business in Singapore • GCI score – 5.67 by WEF Global competitiveness Index • Second best economy to in technological readiness, business sophistication and higher education. • Population – 5.18 Mn • GDP Per capita - $49271 (13th highest) • Debt as a percentage of GDP: 100.8 (10th highest) • Percentage of individuals using the Internet: 75.0 (24th highest) • Infant mortality rate: 2.1 per 1,000 live births (third lowest) 11/7/2012 Doing Business in Singapore
  4. 4. Doing Business in Singapore • Americans fed up with their elected officials might want to consider moving to Singapore • It has the highest rank in terms of the trust in politicians and is also No. 1 in terms of the quality of its legal and administrative frameworks. • Singapore also ranks near the top in market efficiency, infrastructure, higher education and financial markets development. • But an inflation rate of 5.2% weighs on Singapores competitiveness. 11/7/2012 Doing Business in Singapore
  5. 5. Doing Business in Singapore • Great benefit for business travelers– airport spectacularly efficient - Less than an hour • Efficiency – Immigration procedures, courteous staffs, check- in time no more than 5 mins, MRT , cheap • Taxi- international standards – 15-20 mins from center of town 11/7/2012 Doing Business in Singapore
  6. 6. Doing Business in Singapore • Its public and private institutions are rated as the best in the world for the fifth year in a row. • It also ranks 1st for the efficiency of its goods and labor markets, and places 2nd in terms of financial market development. • Singapore also has world-class infrastructure (2nd), with excellent roads, ports, and air transport facilities. • Singapore is the 14th largest exporter and the 15th largest importer in the world. • According to the WTO, Singapore has the highest trade to GDP ratio in the world at 407.9 percent. 11/7/2012 Doing Business in Singapore
  7. 7. Doing Business in Singapore • Local Sim card availability- text for taxi • Hotel- around shopping streets- around financial district – CBT • Beautiful hotels – High standard • Weather : Hot and wet, slightly hot and dry 28-32 degree Celsius • Multi religious culture – short holidays for festivals 11/7/2012 Doing Business in Singapore
  8. 8. Doing Business in Singapore • Chewing gum is illegal • Drug- death penalty mandatory • Political atmosphere– easier – uneasy criticizing their own govt. – pride in their own govt. • Business Culture and formality – carry cards – usual respect • English – lingua franca of business • About 60% of Singapores Indian population speaks Tamil as their native language. 11/7/2012 Doing Business in Singapore
  9. 9. Doing Business in Singapore • People- straight forward • They like to get things done and decisions are quick • Singaporeans- extremely tough negotiators-Chinese dominated culture (74%) • Don’t humiliate others in front of boss- shows lack of sensibility in front of them 11/7/2012 Doing Business in Singapore
  10. 10. Doing Business in Singapore • Food – business lunches – tend to see partners together – relaxed • Host- western habits – who will pay the bill exists • Rarely people drink at lunch time • Don’t often see people getting drunk- undignified • Peaceful – law abiding population • Singaporeans- id card of some sort- like passport • Singapore does work- business place and everything goes as it wants. 11/7/2012 Doing Business in Singapore
  11. 11. References 1. The Economist, Business and cultural review 2. World Economic Forum – The Global competitiveness Report- 2012-201311/7/2012 Doing Business in Singapore
  12. 12. I have found no greater satisfaction than achieving success through honest dealing and strict adherence to the view that, for you to gain, those you deal with should gain as well. – Alan Greenspan Thank You.11/7/2012 Doing Business in Singapore