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Showing posts from June, 2015

Starting A Business in Southeast Asia: Singapore

Population: 5.4 million Pros: Diverse society, English is the main spoken language, excellent travel hub, and great networking opportunities. Cons: High rent and relatively small market. What to expect: fast moving, well educated society, and a safe, clean environment.
Proud itself to be “a Third World to a First World nation in one generation”, Singapore is the Asian Tiger of Southeast Asia. Although scared of natural resources, Singapore under the leadership of its first Prime Minister Lee Kuan Yew has become one of the biggest financial hubs between Asia and the rest of the world. Since its independence in 1965, with the support of the government, Singapore has attracted foreign investments from many Multinational Corporations including General Electric, Texas Instrument, and Hewlett-Packard in the early 1970s. Recently, with an effective Commonwealth legal system, Singapore makes it fairly easy and straightforward for people to set up a company in the country.
Below is a detailed su…

Starting A Business in Southeast Asia: Vietnam

“We all know about the Four Hour Work Week. What I’m seeing here on the front-lines and as a veteran of this movement is an evolution of that concept.” - Jon Myers, a foreign designer in Ho Chi Minh City, Vietnam.
Population: 87 millionPros: A foreigner-friendly environment, a unique start-up culture, a nice weather and a supportive entrepreneur community. Cons: complex start-up procedure, the lack of a private credit bureau, and a massive corporate tax payments. What to expects: a young, fast and active country with a passionate work ethic.
As one of the world’s fastest growing economies, Vietnam has transformed into an attractive investment destination for many foreign investors. Since 1988, there have been 13,544 foreign investment projects with a total registered capital of $213 billion. Below is a detailed summary of the legal procedure for entrepreneurs who wish to open a new firm in Vietnam. This information was originally gathered by the World Bank Group as part of its Doing Busin…