Singapore and InCorp Global Partnership to Enhance Startup Ecosystem
Singapore, 24 September 2024 — InCorp Global, a leading provider of corporate services in the Asia-Pacific region, and Action Community for Entrepreneurship (ACE), Singapore’s national advocate for startups, signed a Memorandum of Understanding (MoU) on 23rd September 2024 to enhance the startup ecosystem in Singapore.
Strengthening the Startup Ecosystem
Singapore has consistently ranked as one of the top choices for entrepreneurs and startups due to its business-friendly environment, robust legal framework, and strategic location in the heart of Southeast Asia. As one of the world’s easiest places to do business, Singapore offers streamlined incorporation processes, a competitive tax regime, and access to global markets.
Collaborative Efforts
This partnership between InCorp Global and ACE will further enhance Singapore’s appeal. Both parties will jointly organise various initiatives to guide startups through the incorporation process in Singapore. These efforts include raising awareness of critical considerations for company incorporation and providing expert business advisory services.
This partnership will also focus on helping Singapore-based startups explore and expand into Southeast Asian markets by offering guidance on regional opportunities, assisting with market selection, and providing incorporation services for smooth market entry. Through this comprehensive approach, InCorp and ACE aim to enhance the internationalisation efforts of local startups, empowering them to scale and succeed across the region.
Quotes from Key Parties
“We are excited to collaborate with ACE in this important initiative, which reflects our shared commitment to empowering startups with the right resources and guidance. This partnership supports the growth of innovative businesses in Singapore and strengthens the country’s position as the go-to hub for startups across Southeast Asia.” – KG Tan, CEO of InCorp Singapore
“Synergising efforts with InCorp is part of our wider mandate to serve, support, and enable entrepreneurs in Singapore. We see this partnership as a critical component to strengthen the work we do, from raising awareness on going global to delivering actionable insights, tips to smoothen entrepreneurs’ go-global strategy from our city-state,” – Patrick Lim, CEO of ACE.SG
About the Partners
About InCorp Global
InCorp Global is a leading provider of comprehensive corporate solutions and professional services in the Asia Pacific region. Headquartered in Singapore, our strong regional presence spans 9 markets, including Singapore, Australia, Hong Kong SAR, India, Indonesia, mainland China, Malaysia, Philippines, and Vietnam. With over 1,500 dedicated professionals, InCorp Global specialises in delivering a wide range of services, including corporate secretarial, accounting and tax, payroll and HR, and compliance solutions.
About ACE
Action Community for Entrepreneurship (ACE) is the national voice for the Singapore startup ecosystem, and a key trade association representing the interests of startups in Singapore. Working closely with the government and ecosystem partners, ACE constantly seeks to build a vibrant and sustainable startup ecosystem in Singapore, and to catalyse opportunities that support startup growth.
Conclusion
This partnership is a significant milestone in promoting synergy between InCorp Global and ACE, aimed at supporting local and foreign startups navigating incorporation and expansion in Southeast Asia. Through collaborative efforts, both parties will enhance the startup ecosystem in Singapore, empowering startups to scale and succeed across the region.
FAQs
Q: What is the purpose of the partnership between InCorp Global and ACE?
A: The partnership aims to enhance the startup ecosystem in Singapore by providing joint initiatives to guide startups through incorporation and expansion in Southeast Asia.
Q: What services will InCorp Global and ACE offer to startups?
A: The partnership will offer guidance on regional opportunities, assistance with market selection, and provision of incorporation services for smooth market entry.
Q: Why is Singapore an attractive hub for startups?
A: Singapore has a business-friendly environment, robust legal framework, and strategic location in the heart of Southeast Asia, making it one of the easiest places to do business globally.
