According to ACRA Business Registry statistics, 31,075 companies were registered in Singapore in the first seven months of 2024.
This is a 25 percent increase from pre-pandemic 2019 figures, when ca. 44,000 were started, or 5 percent per annum in the recent 5 years.
The number of companies registered in Singapore is growing faster than the country's GDP.
The main reason is that more and more foreign entrepreneurs choose Singapore as a place to set up their business.
Singapore companies are a reliable and stable tool for conducting global business.
Singapore's corporate system offers a number of benefits for:
- Startup founders;
- Small business owners;
- Freelance professionals;
- Private investors;
- Financial institutions.
To take full advantage of all the benefits offered by Singapore, consult with our experts.
Savvy Platform provides support in creating and administering Singapore companies, taking into account all the nuances and opportunities for business development.
Talk to us today to figure out how Singapore company benefits your activities.
