SG attracting investors

Many of the companies would like to get to Singapore or start their business in Singapore as they seek for funding. There is now the bug amount of opportunities for such seekers. It will incure some cost to stay in Singapore for 6 month to get the real feeling of the market, so u need to be ready to finance that. We talk about 30.000 SGD plus (20.000 EUR).

Startup to small company - accelerators...seek an oportunity there

SME - lawyers, private equity companies, venture capitalists

Large corporates - funds, banks.

Important is to prepare financial numbers and introduction of your business. Financial numbers need to focus on one simple thing, especially for SME, startup and small companies. How will you generate sales. Forget now on the focus on the costs. Tell the people how will u generate sales.

SG - finance and banking

Banking in Singapore for foreigners works much harder than you would expect. If you have experience from Hong Kong for example you would be surprised by amount of data bank would like like to gather. Additionally the big surprise is once you provide all the information bank will probably get lost in it and disapprove your application. Just for the sake of complexity. That is really against all what I did go trough once I was a banker. I was always interested to know as much as possible about my client and once the client did dare to share I did feel comfortable and was keen to make business. Regulation nowadays did get just to the point, where truth is much less desirable than simple solution. Just for sake of we have done what regulation did ask us to be done. Banks are, therefore, very weak. They open enormous space for shadow banking, for the same banks not following all the regulation. As it is getting to the point where deposit on account has negative interest rate but to open bank account is super hard. How u can do business that way?