Call us now
09 8246 8246
Get a quote
Aug 21, 2026
Forming a company in Singapore brings many standout benefits, especially in international finance and banking. Singapore isn’t just a major trading hub — it also has a strategic development policy, creating favorable conditions for businesses in international trade aiming for sustainable long-term investment.
In 2020, Singapore’s financial center index ranked 6th in the world and 3rd in Asia. This reflects the island nation’s comprehensive, deliberate strategic development of its financial industry. Singapore has implemented effective measures such as attracting international banks while developing its domestic banking system through mergers and acquisitions. As a result, Singapore’s financial center has become a unique destination offering premium global financial services.
At the same time, this financial system continuously improves the quality of its financial products, focusing on innovation combined with competitive costs. In parallel, a robust legal framework protecting financial companies’ information has been established, ensuring security while still keeping transactions fast. Notably, Singapore also places great emphasis on supporting newly formed businesses to drive the sustainable growth of its business ecosystem.
Singapore is known for its vibrant import-export activity and ranks among the world’s top countries in this area. In 2020, the country’s export value reached about $730 billion, ranking 18th in the world, while imports reached $374 billion, ranking 16th. This success is largely thanks to global free trade agreements with ASEAN, China, the European Union, the UK, Australia, New Zealand, the US, and many other countries.
To get ahead of the digitalization trend in trade, Singapore signed its first Digital Economy Agreements (DEA) with partners including Chile, Australia, and New Zealand. This is a strategic step that helps maintain its leading position in import-export through the application of modern information technology.
Singapore’s major trade partners include China, Malaysia, the US, Japan, and the European Union. Vietnam is among Singapore’s top 10 export destinations, accounting for about 3.32% of market share in 2019. Singapore’s main export goods are high-tech electronics, fuel, pharmaceuticals, and cosmetics, along with transportation, financial, telecommunications, and intellectual property processing services. These products are highly favored in the Vietnamese market, making good use of Singapore’s position as an effective re-export transshipment hub, opening the door to the international market.
With the strong growth of technology and e-commerce, dynamic young Vietnamese businesses have many opportunities to expand into the international market by forming a company in Singapore. Singapore’s modern policy and legal-support system makes this process easier and faster. Singapore’s continued expansion of digital economy agreements also creates favorable conditions for businesses to establish their position in the international market, driving stronger e-commerce growth in the future.
Beyond financial and trade benefits, a business formed in Singapore also enjoys many practical support services. These include business license registration, convenient office space, trademark protection, and support with fast administrative procedures thanks to a professional partner network and local office presence.
In addition, remote-office solutions significantly reduce real estate costs while leveraging technology to create a convenient digital work environment, increasing management and operating efficiency. Merchant account services also help shorten the time needed to form and run a company in the e-commerce sector, offering maximum flexibility for businesses choosing Singapore as their investment destination.
