Singaporean Business Travellers Most Active in Southeast Asia

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In the latest MasterCard Survey on Consumer Purchasing Priorities, Singapore ranked first in Southeast Asia and second in the Asia-Pacific region for the most number of business travellers. This is indicative of Singapore’s role as a growing market for business in Asia, says leading local company registration specialist http://www.rikvin.com/

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Singapore’s English-speaking population has traditionally been sought after by Western companies in order to connect with the bigger Asian markets

A recent survey done here by MasterCard found that 43 per cent of Singaporeans made at least one business trip in the last 12 months, while 12 per cent made more than three trips. This is a clear indication of the city-state’s strategic location, serving as a gateway for international organisations to reach the lucrative Asian markets, says leading local company registration specialist Rikvin Singapore.

A report in local newspaper TODAY mentioned that The MasterCard Survey on Consumer Purchasing Priorities was conducted from March last year to April this year, involving 17,620 respondents from 14 markets across the Asia-Pacific region.

“Singapore’s English-speaking population has traditionally been sought after by Western companies in order to connect with the bigger Asian markets”, said a Rikvin representative. These Singaporeans can be inferred to be the ones that are travelling extensively to the top three destinations of Malaysia, Hong Kong and Taiwan for business purposes.

Local employees serve to act as a bridge in understanding underlying Asian sensibilities and concepts when doing business with Asian counterparts, which are often markedly different from Western customs.

Furthermore, Asian culture is notoriously known for its indirectness, a trait that might throw off potential Western investors. This is where Singapore steps in as an effective middleman between the East and West, says Satish Bakhda, Rikvin’s Head of Operations.

Singapore is becoming one of the most preferred business locations for the Asia-Pacific region, evidenced by a sharp increase in the number of new companies being registered, says Rikvin. Multi-national companies are eager to register a company in Singapore, particularly in order to capitalise on its bilingual manpower.

Due to this demand, Rikvin has released the Singapore Company Incorporation Guide as a free download on their official website. The 23-page guide is a comprehensive manual on the process of setting up a company in Singapore. It explains the types of business entities available in Singapore, steps involved in the company registration process, as well as local taxation and immigration processes such as employment passes.
Aside from reading such documents, one could also simply hire company registration specialists such as Rikvin Singapore, who are trained to handle the entire process of formalising a business entity in Singapore from start to finish.

About Rikvin:
Rikvin offers business solutions for both local and foreign investors and entrepreneurs. The firm’s specialties include company incorporation services, offshore company setup, incorporation and other related corporate services. Rikvin also provides taxation, immigration and application of Singapore work visa for foreign workers to work and relocate in Singapore. For enquires on local business compliance issues, visit our website at http://www.rikvin.com/.

Rikvin PTE LTD
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Lines : (65) 6438 8887

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Satish Bakhda
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