Singapore, Singapore (PressExposure) August 02, 2011 -- With a lower than expected result in the last quarter there were fears in some sectors regarding Singapore's sustained growth in the future. However, according to SingaporeSetup.com, a portal that analyzes and facilitates foreign company setup in the country the last quarter results would not affect the number of foreign company formations in Singapore at all.
According to them, Singapore's high growth numbers are in general tough to repeat each quarter as the effects of the global economic recession would have some toll on Singapore's economy as well. Although Singapore is well and truly disconnected from the recession in the west, some investments and projects would indeed be affected by the slowdown in western nations. However, it is precisely because of this slowdown that many of the global investors are looking towards the east and especially towards a stable country like Singapore for their investments. Even companies from high growth countries such as China and India are looking towards Singapore to innovate and compete in the global market.
Few thousand foreign companies look to incorporate in Singapore each year and the numbers will remain more or less the same. As a matter of fact there might be a growth in the number of foreign companies as well as individual entrepreneurs trying to enter Singapore as the Government announces new measures to sustain growth for the next few years. With less and less opportunities being available in US and in Europe, countries like Singapore that not just have a strong economy but also has favorable laws for foreign businesses will continue to see a rise in foreign owned companies being incorporated in the country. Also even though the last quarter results were lower than expected, it was still better than most other countries in the region or around the world. Foreign companies will definitely take a note of that and realize the growth possibilities in Singapore over other nations.