F A C T S @ iHUB
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Transcript of F A C T S @ iHUB
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FFAACCTTSS @@ iHUBiHUB
FLANDERS’ ASIAN CENTERFLANDERS’ ASIAN CENTER
FOR TECHNOLOGYFOR TECHNOLOGY
(SINGAPORE)(SINGAPORE)
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TOPICSTOPICS
Investing in Singapore to augment your Investing in Singapore to augment your company’s exports to South East Asia company’s exports to South East Asia and beyond:and beyond:– The Singapore Economy The Singapore Economy
– The Regional ContextThe Regional Context
FACTS @ iHUBFACTS @ iHUB– What can you expect?What can you expect?
– What are the requirements?What are the requirements?
Rules & Regulations when investingRules & Regulations when investing What’s hot?What’s hot?
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SINGAPORESINGAPORE Economic EnvironmentEconomic Environment
– Non-Corrupt, Pro-Business Non-Corrupt, Pro-Business GovernmentGovernment
– Highly skilled English-speaking Highly skilled English-speaking peoplepeople
– Excellent Connectivity (Air, Sea, Excellent Connectivity (Air, Sea, Road, Telecom)Road, Telecom)
– Freeport (No Duties) & Logistics Freeport (No Duties) & Logistics HubHub
– Added-Value Manufacturing Added-Value Manufacturing BaseBase
– IPR-protectionIPR-protection
– Clean, Green & Safe Living Clean, Green & Safe Living EnvironmentEnvironment
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SOUTH EAST ASIASOUTH EAST ASIAMarket of 500 million people
Main Cities:Singapore Kuala LumpurBangkok & Chang MaiJakartaManila & CebuHanoi & Ho Chi Ming
Close proximity to:SeoulHong KongShanghai & BeijingTaipeiAustralia & New Zealand
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PROJECTED GROWTHPROJECTED GROWTHIndonesiaIndonesia MalaysiaMalaysia PhilippinesPhilippines ThailandThailand VietnamVietnam S’PoreS’Pore JapanJapan HKHK AustraliaAustralia PRCPRC
Pop. 2003Pop. 2003
MillionMillion207.5207.5 25.025.0 80.880.8 62.262.2 79.279.2 3.4 3.4 ** 127.6127.6 6.96.9 19.119.1 1,278.91,278.9
Pop. 2013Pop. 2013
MillionMillion221.6221.6 29.829.8 94.394.3 64.864.8 86.186.1 3.8 3.8 ** 126.5126.5 7.47.4 20.520.5 1,299.81,299.8
GDP 2003GDP 2003
Billion US$Billion US$179.0179.0 97.297.2 77.777.7 136.9136.9 38.038.0 92.292.2 4,547.74,547.7 164.8164.8 384.6384.6 1,377.21,377.2
GDP 2013GDP 2013
Billion US$Billion US$240.8240.8 160.8160.8 107.4107.4 194.7194.7 60.060.0 133.0133.0 4,931.04,931.0 220.2220.2 470.2470.2 2,282.72,282.7
GDP/CapitaGDP/Capita
2003 - US$2003 - US$863863 3,8813,881 961961 2,2022,202 480480 27,30327,303 35,64835,648 24,04624,046 20,15720,157 1,0771,077
GDP/CapitaGDP/Capita
2013 – US$2013 – US$1,0871,087 5,3945,394 1,1391,139 3,0023,002 698698 35,02035,020 38,98738,987 29,90229,902 22,96122,961 1,7561,756
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FFAACCTTSS @@ iHUBiHUB
FFLANDERS’LANDERS’
AASIANSIAN
CCENTERENTER FORFOR
TTECHNOLOGYECHNOLOGY
SSINGAPOREINGAPORE
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What can you expect?What can you expect?YOUR OFFICEYOUR OFFICE
Flexible Space ConfigurationFlexible Space Configuration Fully Functional & EquippedFully Functional & Equipped
– Workstations, Cabinet, Lighting, Workstations, Cabinet, Lighting, Carpeting, Telephone & Electrical Carpeting, Telephone & Electrical Points, Air-conditioningPoints, Air-conditioning
Shared FacilitiesShared Facilities– Auditorium, Theatrette, Conference, Auditorium, Theatrette, Conference,
Training & Meeting Rooms, Exhibition Training & Meeting Rooms, Exhibition SpaceSpace
Plug & Play Broadband ConnectivityPlug & Play Broadband Connectivity Business Service Center Business Service Center
– Administration, Phone Answering Administration, Phone Answering FacilitiesFacilities
Social Amenities nearbySocial Amenities nearby
LOCATION LOCATION
APPROX. COST
8 M2 = 150,- Euro/m 16 M2 = 300,- Euro/m 25 M2 = 350,- Euro/m 55 M2 = 600,- Euro/m
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REQUIREMENTSREQUIREMENTS
Your Company is registered / headquartered in Flanders
Your Company’s activities are related to INNOVATION and/or New Technologies
You have a business-plan for Singapore and/or South East Asia and/or the Asia-Pacific Region
You are able and willing to fund initial investment in Singapore and initializing negotiations thereto through Flanders Investment & Trade (FIT)
You are ready to register your company details with EDB/JTC through FIT
► FIT ASSISTS YOU FURTHER ◄
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Flanders Companies in SingaporeFlanders Companies in Singapore
LOGISTICS:ABXABXAHLERS AHLERS ECU LINEECU LINEEMBASSY FREIGHTEMBASSY FREIGHTIPEMIPEMKATOEN NATIEKATOEN NATIETECTOTECTOTILCON FREIGHTTILCON FREIGHT
ICT-RELATED:BELGACOMBELGACOMBUREAU VAN DIJKBUREAU VAN DIJKICOS VISION SYSTEMSICOS VISION SYSTEMSNEWTECNEWTECUBIZENUBIZENS1 CORPORATIONS1 CORPORATIONSWIFTSWIFTVASCO DATA SECURITYVASCO DATA SECURITY
HIGH-TECH:AGFA GEVAERTAGFA GEVAERTAUTOVEYOR (IPTE*)AUTOVEYOR (IPTE*)CAPCOCAPCOESKO-GRAHICS (BARCO)ESKO-GRAHICS (BARCO)
OTHER:ARINSOARINSOBEKAERTBEKAERTDE NEEF CONSTRUCTIONDE NEEF CONSTRUCTIONDE SMET ENGINEERINGDE SMET ENGINEERINGDEMCOPACKDEMCOPACKINTERFLUXINTERFLUXIPEMIPEMKBCKBCOM-MATICOM-MATICPROMATPROMATTRACTEBELTRACTEBEL
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RULES & REGULATIONSRULES & REGULATIONSEasy Steps & Simple RulesEasy Steps & Simple Rules
The relevant Authority = Accounting & Corporate The relevant Authority = Accounting & Corporate
Regulatory Authority (ACRA) Regulatory Authority (ACRA) http://http://www.acra.gov.sgwww.acra.gov.sg
Registration can be done Registration can be done onlineonline through ACRA’s ‘Bizfile’ through ACRA’s ‘Bizfile’
http://www.bizfile.gov.sghttp://www.bizfile.gov.sg
Simply send all queries to Flanders Investment & Trade Simply send all queries to Flanders Investment & Trade where all will be answered – where all will be answered – http://www.export.vlaanderen.behttp://www.export.vlaanderen.be
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THINGS 2 REMEMBERTHINGS 2 REMEMBER
Corporate TaxationCorporate Taxation– 20%20%– http://www.mof.gov.sghttp://www.mof.gov.sg
Social SecuritySocial Security (CPF) (CPF)– 13%13% Employers’ Contribution Employers’ Contribution– http://www.cpf.gov.sghttp://www.cpf.gov.sg
No Import Duties No Import Duties ** 5% GST5% GST
FITFIT - Financial Assistance - Financial Assistance Program in setting up your Program in setting up your business facility business facility **
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WHAT’S HOT?WHAT’S HOT? ICTICT - related products & services - related products & services SOFTWARE DEVELOPMENTSOFTWARE DEVELOPMENT – All Sectors – All Sectors ENVIRONMENTALENVIRONMENTAL – Techniques & Products – Techniques & Products MEDICALMEDICAL – Technology & Products – Technology & Products BIOTECHBIOTECH – R&D a.w.a. Sales – R&D a.w.a. Sales NEW MATERIALSNEW MATERIALS – R&D a.w.a. Sales – R&D a.w.a. Sales LOGISTICSLOGISTICS – R&D – R&D
INNOVATIONSINNOVATIONS – – Products & Services – Products & Services –
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FIT + EDB & JTCFIT + EDB & JTC
►► Partners Partners ◄◄
THANK YOUTHANK YOU
&&
we hope to welcome you soon to we hope to welcome you soon to Singapore!Singapore!