Singapore has signed and enforced numerous double taxation agreements over the years and in order to enhance their effect, the Government has also enabled a scheme which provides for further tax deductions related to the expansion of Singapore companies on foreign markets. This is how the Double Tax Deduction (DTD) Scheme appeared. Our lawyers in Singapore can assist foreign investors interested in opening companies in the city-state.

The manufacturing industry remains one of the pillars of the Singapore economy, according to the latest data. Compared to July, August brought a slight increase for manufacturing companies in Singapore based on the last Purchasing Managers’ Index (PMI). If you want to open a manufacturing company and need information about the legal requirements related to the incorporation, you can rely on our attorneys in Singapore.

The Singapore government is considering amending the intellectual property legislation as the research and development industry where these laws apply frequently is quickly evolving. In order to do this, the Ministry of Law and the Singapore Intellectual Property Office (IPOS) have already proposed several changes to the Copyright Act which have been submitted for public consultation. Our Singapore lawyers can offer more information on the actual laws on the protection of intellectual property.

As the financial technology industry is quickly developing, the authorities must keep up with the latest payment solutions implemented by companies and banks in Singapore. This also the reason why the Singapore Monetary Authority (MAS), which is the city-state’s central bank, has decided to update the payments regulations. Our Singapore lawyers can offer information on the actual payments legislation.

Singapore is currently trying to offer companies with difficult financial situations the means to pay their debts, which is why the Government has decided to improve the legislation on debt restructuring. The central authorities have come up with 17 proposals which would be transformed into reforms and added to the current law on insolvency. Our Singapore lawyers can offer information on the legislation on insolvency.

Small and medium-sized enterprises (SMEs) in Singapore have improved the payment periods of their debts during the last year, according to the city-state’s Commercial Credit Bureau. Companies now spend an average 29 days to settle a debt, compared to past years when the average revolved somewhere around 43 days. Our lawyers in Singapore can offer information about debt recovery procedures.

The last financial year has brought foreign investments worth a total of 5.2 billion SGD to Singapore’s Gross Domestic Product (GDP). The amount was added to the city-state official foreign reserves (OFR) for the financial year 2015/2016. Our lawyers in Singapore can offer detailed information about the legislation on foreign investments available in the city-state.

The Singapore real estate sector is one of the most prosperous industries in the city-state according to a new survey showing the number of those purchasing their first home is rising. Among the factors leading to an explosion in the residential market are the governmental grants the competitive prices. If you want to buy a property in the city-state, our Singapore lawyers can offer information on the procedure.

Trading relations between Singapore and Mexico doubled over the last 10 years, according to the city-state’s Minister for Trade and Industry and companies operating here can now find new investment opportunities in Mexico. These new possibilities will be emphasized by the recently Trans-Pacific Partnership (TPP) signed by the two countries. Our lawyers in Singapore can offer detailed information on the TPP.

Singapore’s trading activities have picked up in May, according to the latest report posted by International Enterprise. Exports were the ones that have rose the most after the slight decrease registered in April. Our lawyers in Singapore can offer information about import and export procedures in the city-state.

The Singapore Manpower Ministry is currently working a draft legislation which will bring several changes to the fixed-term employment contracts. The guidelines established so far aim to provide for a clearer picture on the benefits for temporary employees. Our law firm in Singapore can offer full information about the provisions of the Employment Law in the city-state.

At the beginning of the year, the Singapore International Arbitration Centre (SIAC) proposed several changes related to arbitration proceedings related to investment issues. The draft legislation was finalized in May and is now pending approval after the public consultations are over. Our Singapore attorneys can offer more information on arbitration procedures in the city-state.

In the last period, Singapore has started to enhance its economic relations with some of its most important trading partners in order to help local companies to become more visible at international level. One of its latest agreements is with the United Kingdom with which Singapore wants to collaborate in the financial technology sector. Our law firm in Singapore can provide you with more information on other treaties between the city-state and the UK.

Singapore and China have started cooperating on several projects which has led to stronger economic ties between the two countries. With intellectual property (IP) gaining more and more popularity all over the world, Singapore has set up its first IP representative office in China. Our Singapore lawyers can provide you with information about IP laws in the city-state.

Singapore has become a choice destination for foreign investors in various industries. With a booming economy, the city-state is currently one of the most prosperous countries in the world, which is why its main industries are on a continuous growth path. However, there are also industries that have started to developed only in the last few years and are about to reach their peak this year. Below you can see what are the top 5 emerging industries in Singapore in 2016.

As the Singapore Government has started to implement a new strategy for the development of each industry, the Finance Ministry announced other facilities for small and medium-sized companies in the city-state. Among these, simplified procedures for accessing grants are next on the Government’s agenda. Our lawyers in Singapore can provide you with information about the recently developed Industry Transformation Plan.

Companies in Singapore seeking to access the European market now have an useful tool: a new platform created by three governmental agencies in the city-state in partnership with the European Commission. Singapore enterprises will be able to explore new business collaborations with European ones. Our Singapore lawyers can provide you with more information the new centre.

The Government has decided to put in place a new program, called the Industry Transformation Map, which will cater to the needs of 20 industries in Singapore. The scheme will help Singapore companies increase their productivity and innovation and will also help them invest their employees. Our lawyers in Singapore can provide you with information about the new Industry Transformation Map.

The Monetary Authority of Singapore (MAS) wants to amend the legislation applicable to the asset management industry in order support it more. The Singapore Central Bank is currently working on some new initiatives in order to promote this sector. Our Singapore lawyers can provide you with detailed information about the current laws on asset management in the city-state.

February was a good month for Singapore’s exports, as they’ve gone up by 2.1% after the slight decline registered in the first month of 2016. According to International Enterprise, the non-oil sector was the one registering the best results. Our lawyers in Singapore can provide you with more information about imports and exports in the city-state.

Singapore has launched a new scheme for the mediation of intellectual property disputes. The Singapore Intellectual Property Office announced the new program to enter into effect starting with April 1^st, 2016 and to last until 2019. Our law firm in Singapore can provide you with information about the new scheme.

Singapore and the United Arab Emirates have amended the double tax agreement with new provisions related to the permanent establishment status and withholding tax rates. The new provisions will enter into effect at the beginning of 2017. Our Singapore lawyers can provide you information about the double taxation treaty with the UAE.

The online shopping industry is gaining terrain in Singapore, as the number of residents making their purchases on the Internet rose by 70% in the last two years. The increase is mainly given by retailers who have seen a great potential for raising the number of customers through other channels than the traditional ones. Our lawyers in Singapore can provide you with more information about the development of e-commerce in the city-state.

The end of the 2015 brought a rise in the Singapore economy, among the industries contributing to this growth being the services sector. A recent study shows that apart from the wholesale, retail, accommodation and food services which were not included in the report, all other branches of the services sector rose by 3.2% in the last quarter of the previous year. Our Singapore lawyers can offer you more information on the development of the services industry.

In the latest Intellectual Property (IP) Index which included 38 countries, Singapore ranked 6^th. According to the report, Singapore surpassed several countries that were considered to be leaders in the intellectual property area. Our Singapore lawyers can provide you with complete information about the city-state’s legislation on intellectual property.