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Singapore, a popular pick for Indian migrants - a close look by Janus Singapore company setup firm
Singapore, a popular pick for Indian migrants - a close look by Janus Singapore company setup firm
Singapore is becoming home to a new wave of Indian immigrants who are flocking its shores for employment and business.
Singapore,
Singapore,
Singapore
(pr4links.com)
20/12/2010
Singapore is becoming home to a new wave of Indian immigrants who are flocking its shores for employment and business.
According to a recent Straits Times report, Indians account for one-fourth of the 1.79 million foreigners and Singapore Permanent Residents and their numbers seem to be growing. The Indian Embassy in Singapore confirms that there has been a 100% increase in the number of Indian nationals residing and working in Singapore as compared to two years ago. While majority of the Indian nationals are employed as foreign laborers in the construction sector, there is a sizable pool of professionals in high value add industries such as IT, finance, and engineering. There has also been a steady growth in the number of Singapore company formation by Indian entrepreneurs from around 1,500 in 2006 to about 3,000 today.
It is easy to see why Singapore is a natural pick for Indian foreign professionals and entrepreneurs. Singapore is instantly appealing as it is Asian country with a highly westernized environment. Given the strong socio-cultural ties that exisit between Singapore and India, adapting and settling down in the country becomes far easier.
Singapore's enduring appeal lies in its pro-business and family-friendly environment. Most Indian professionals prefer to relocate to Singapore as it a) is within close proximity to the Indian sub-continent, b) offers a higher quality of life than India, c) is safe and low on crime, d) provides a conducive environment for raising children, e) has one of the lowest tax rates in Asia and f) is the world's easiest place to do business.
Singapore's Minister Mentor Lee Kuan Yew is reported to have said,
"We benefited from being open to immigrants from around the world, especially China, India and the region. Having educated immigrants here makes Singapore more competitive and dynamic. The majority of the new PRs and citizens are skilled workers and professionals in finance, IT and R&D. They bring new skills, global connections and a strong drive to create better lives for their families. Our immigration policies have brought in better educated and wealthy Indians who have made that qualitative difference to our lives."
Commenting on the rising popularity of Singapore among the Indian migrant community, Ms. Jacqueline Low, the the Director of Singapore company registration agency Janus Corporate Solutions said, "Most professionals and entrepreneurs tend to relocate with their family. While factors such as remuneration, taxes, ease of setting up and doing business play a major role in the decision making process, it is the "soft" issues that drives one's choice on where to settle – factors such as schooling, pollution and lifestyle. From both perspectives Singapore is the perfect choice. Singapore's tax rates are low and highly attractive; it takes one day to setup a company in Singapore; MNCs are offering attractive pay packages to talented professionals; Tamil is one of Singapore's official language; there is no dearth of choice when it comes to restaurants serving Indian cuisine; Singapore is home to Indian international schools; there are several Indian cultural clubs and associations that help various Indian communities to stay connected with their cultural roots; and Deepavali, which is one of the most significant festivals for the Indian community is one of Singapore's major festivals. It's the perfect destination for Indian expatriates."
The 2010 ‘Quality of Living' survey by Mercer Human Resource Consulting revealed that Singapore offers the best quality of life in the Asian region. Singapore was also rated as ‘The Best Place to Live' for Asian expats by ECA International, early this year. UK magazine Monocle rated Singapore as the third most livable city in Asia in June 2010.
Author Resource:
GuideMeSingapore is a unit of Janus Corporate Solutions Pte. Ltd. - a Singapore-based firm that provides complete range of Singapore company incorporation, accounting, tax, immigration and related compliance services for startups and established companies worldwide.
Janus Corporate Solutions Pte Ltd
16 Raffles Quay #33-03 Hong Leong Building
Singapore 048581
Phone: +65 6222 7445
http://www.guidemesingapore.com
About
Janus offers Singapore Company Registration to overseas entrepreneurs who wish to expand their business operation in Singapore. We also offer accounting, bookkeeping and taxation services. Our other services includes processing of Singapore Entrepass and Singapore Employment Pass for business migration. Our services are designed to be efficient and cost-effective. Our aim is to relieve you of the burdens of statutory compliance and enable you to focus on running and growing your business. More
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