Investing in Singapore: Exploring Every Angle

Introduction

Expanding and growing a start-up is a challenging but rewarding endeavour. Success often hinges on targeting markets that can support your venture’s expansion. Singapore, known for its innovation, infrastructure, and knowledge base, presents an enticing opportunity for start-up owners.

The Business Hub of Southeast Asia

Singapore leads as a start-up ecosystem in the Asia-Pacific region. In 2023, the country captured 63.7% of the region's tech deal value, amounting to $6.1 billion in investments. It is home to 4,500 tech start-ups and continues to evolve into a Deep Tech Hub. The country commits 1% of its GDP to the Research, Innovation, and Enterprise 2025 plan, marking its most significant R&D budget to date. The total value of Singapore's start-up ecosystem reached $144 billion, which is nearly five times the global average.

Unicorn Hub of Southeast Asia

Singapore is also a thriving environment for unicorns, with more than 25% of Southeast Asia’s unicorns based in the city-state. Established corporations are also taking advantage of the ecosystem to launch new ventures that can scale quickly and compete globally.

Singapore’s Green Focus

Opportunities in Singapore extend across various industries, but sustainability is a primary focus. The Singapore Green Plan 2030 supports green businesses through financing and other resources, ensuring sustainability becomes a cornerstone for every company operating within the country.

A Tech Paradise in Asia

Singapore has transformed into a tech paradise, especially for HealthTech. In 2023, HealthTech startups raised $409 million, doubling the amount from the previous year. The country is also making waves in Life Sciences, with initiatives such as Johnson & Johnson’s JLABS partnership with Singapore’s Economic Development Board fuelling biotech innovation. Additionally, Singapore's AI and Big Data sectors are thriving, thanks to a $734 million five-year investment plan announced in 2024.

Favourable Legal and Tax Environment

Singapore’s pro-business policies and favourable tax environment make it a top choice for startups and investors. With a corporate tax rate capped at 17%, Singapore offers one of the most competitive tax regimes globally, allowing businesses to maximise profits and reinvest in growth. Its straightforward tax structure, coupled with incentives for innovation and investment, positions Singapore as a strategic hub for entrepreneurs looking to scale while minimising financial pressures.

Conclusion

Singapore is a vibrant and thriving hub for startups, offering unmatched opportunities for entrepreneurs and investors. With its growing investments, favorable regulations, and strong support for tech innovation, Singapore stands at the forefront of global business. The country’s focus on sustainability and cutting-edge industries further enhances its appeal, making it an ideal launchpad for ambitious ventures. By leveraging the country’s dynamic ecosystem, startups can unlock significant growth potential and establish a strong presence in the global market.

Thank you,

Asli Sari

Corporate & Legal Services, Atlascorp BV

CIO, +90 Ventures

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Sources

Startup Genome: Singapore Ecosystem Overview

McKinsey Digital: Singapore Emerges as a New Business-Building Hub

Hawksford: Taxation and Accounting in Singapore