Economic Slowdown = More Entrepreneurs in Singapore?

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Economic slowdown seems to correlate with an increased interest in new company formation in Singapore.

It seems that more folks want to learn about the options for setting up and registering a new business in Singapore

The slowing economy and the accompanying job losses may be motivating more individuals to explore entrepreneurial ventures. That seems to be one interpretation of the preliminary data released today by GuideMeSingapore.com - a Singapore-focused information portal that covers a wide range of topics on doing business, living, and working in Singapore.

During the period from November 2008 to February 2009 - roughly correlating with the start of large-scale job losses following the financial meltdown of September 2008 - the site experienced a 79% increase in visitor traffic compared to the preceding 3 months. However, the increase in traffic to sections of the site that are devoted to new venture formation was a startling 156%. This increase was higher (187%) for returning visitors than it was for new visitors (123%).

Visitors seem interested specifically in topics that relate to Singapore Company Formation and Setup processes. Among the most visited pages were information guides related to Singapore Company Registration and Singapore Corporate Income Tax. The increased interest had a roughly equal distribution between site visitors from Singapore and foreign countries.

"It seems that more folks want to learn about the options for setting up and registering a new business in Singapore," said Andrew Chen, the founder of GuideMeSingapore.com. He added, "This interest does not seem to be mere cursory exploration but well-considered investigation where visitors are returning to the site and spending a lot more average time researching the process and procedures for incorporating a new company in Singapore."

The preliminary findings released today were developed using the web tracking and analytical tools offered by Google (NASDAQ:GOOG).

About GuideMeSingapore.com
GuideMeSingapore.com is a Singapore-focused portal that provides comprehensive, accurate and up-to-date information to global business professionals and entrepreneurs about doing business, relocating, and living in Singapore. For further details, visit company website at http://www.GuideMeSingapore.com.

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Simon Rogove
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