10 May '13, 6am

Singapore the big sucker for foreign startups?

At the Echelon Ignite conference in Sydney this week, Singapore was hailed as the easiest place in the world to set up a company, even if there weren't any Singaporeans in the startup. Innov8 CEO Edgar Hardless noted how it would take minimal effort and just three to four days for anyone to establish a company here. "I've seen lots of Singapore startups, but with no Singaporeans in them. So lots of companies with Australians, Americans, Spanish people all setting up their companies in Singapore as their base of operations." He noted the readily available assistance dished out to help entrepreneurs, pointing to various schemes and grants startups can apply to obtain funds. For instance, Hardless said the Singapore government would subsidize 60 percent or 70 percent of the cost of laptops startups purchase. "It's like the Great Singapore Sale all year around," he said, refer...

Full article: http://www.zdnet.com/singapore-the-big-sucker-for-foreign...

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