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Singapore - Your opinion?

Discussion in 'Business & Tax Advice' started by Cystomatic, Sep 21, 2012.

  1. Cystomatic

    Cystomatic Junior Member Premium Member

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    What's your guys opinion on creating a business in Singapore and/or living in Singapore in general? It would be great if any of you ever lived there, are know how the life there is :)


    I thought about registering my company in the US (because it's much easier to expand, create business relations there) and have a resident in singapore.

    What do you think?
     
  2. TheWhiteGroup

    TheWhiteGroup Newbie

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    I personally want to move to a place like that in the near future, seems to be much more beneficial than places like USA or the UK.
     
  3. binaryking

    binaryking Regular Member

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    Singapore is a country with no soul.
     
  4. Cystomatic

    Cystomatic Junior Member Premium Member

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    Well tax-wise Singapore is a heaven and saves you a damn lot of money.

    But imo it's quite hard to establish your company there as I'm not sure if it will be easy to find quality employees there or not. That's why I need an opinion of someone that has been there.
     
  5. Duffers5000

    Duffers5000 Elite Member

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    Lived there for a few months 20 years ago. If you like to party its happening round the clock... not the cheapest place to live though so you would want to be earning
     
  6. Danny1111

    Danny1111 Elite Member

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    well I lived there in total for 6-7 months .. loved it - basically what I did was : work / go to the gym / go out for drinks / dinner / nightclubs
    that type of thing.

    I think depends how old you are and what you like to do.
     
  7. Cystomatic

    Cystomatic Junior Member Premium Member

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    How are the girls there?

    And I sure like to partayyy!!
     
  8. Danny1111

    Danny1111 Elite Member

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    Well where I was working had 99% expats : and you have to pay up for those type of workers plus their travel expenses - so you would need significant capital I'd think to support a business employing expats.
     
  9. Duffers5000

    Duffers5000 Elite Member

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    Orchard road......four floors of whores !! (lots of nice girls in other parts of town !!)
     
  10. Danny1111

    Danny1111 Elite Member

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    Women were fine : they were from all over Asia -- trying to hook up with expats : you just need the cash to support that type of habit - because Singapore is expensive.
     
  11. seo-dude

    seo-dude BANNED BANNED

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    It's really a boring city with no uniqueness, all you see is skyscrapers everywhere and no real life in it. Yes, good place for partying with lots of nightclubs and stuff, but it will be boring after few days for sure...
     
  12. dkh1978

    dkh1978 Regular Member

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    I have studied with several Singaporean friends in the university, and in deed I think that country is one of the most stable. What they have personally told me, is that the country is extremely clean (if you spit your chewing gum to the street, you can get a fine), and the laws are strict. Singaporean people are highly educated (my friends studied in SMU, Singapore Management University), very ambitious and responsible. The economy of the country is strong.

    The only difficulty I found with them was, that their English has quite a thick accent, and they speak very fast. I have studied and worked in English for years, and I found it difficult to understand their conversation on several occasions.

    Downsides of the country is the heat and traffic (which is organized, but there is a lot of it anyways).

    If I had the change, I would definitely do business and move to Singapore, at least for a while.
     
  13. synfig

    synfig Regular Member

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    Singapore is very expensive and has city regions has higher crime rate compared to any other asian regions. I have one friend there who is working for one startup over there.
     
  14. worldelite

    worldelite Junior Member

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    Besides, to all mentioned above it's so clear that you have an impression that you are in some clinic or healthcare facility.
     
  15. dkh1978

    dkh1978 Regular Member

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    I haven´t lived there, but as far as I have heard/experienced, Singaporeans are good employees (organized, hard-working...), and ambitious, because there´s also competition.

    To me GDP (PPP) tells something of the country, and that´s US$59k in Singapore.
     
    Last edited: Sep 21, 2012
  16. dkh1978

    dkh1978 Regular Member

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    I agree this is a slight downside of the country. It can serve you well, but if you are not used to that... But they do have one of the lowest infant mortality rates in the world.
     
  17. sirgold

    sirgold Supreme Member

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    Tax haven, great life, a short flight away from some other party places... Def a place to consider in the not-too-distant future... About the crime rate, well it depends where you're from but in general lol. :)
     
  18. Gold Hat

    Gold Hat Regular Member

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    Its a TOP PLACE and has it all.

    Good competent government, THE BEST BANKING SYSTEM in the world and FUN city and the crime rates are actually VERY LOW compared to anywhere in world.

    It also has a great immigration policy and you can easily import labor from places like India or Pakistan.
     
  19. BlackSeng

    BlackSeng Jr. VIP Jr. VIP Premium Member

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    I live in Singapore. Well, it depends on your status and such.

    What do I mean by status?
    Wealth, Connection, and Education.

    They used to say corruption is legal here. I do not know what that used to mean in the past.
    But when you are skeptical and when you start digging up truths (not from the controlled media), you will find out more and realize how dirty the truth can be.
    There isn't as much freedom as you think there is. I believe they are logging what I'm typing right now... lol.

    If you have the money or connection, then you're blessed. Education simply lessens the stress, but it's still there if you don't have the other 2. If not, be prepared for a stressful lifestyle... in fact, a very-very stressful lifestyle. Imagine working from morning to night with no minimum wage, and you have to fight your way in the corporate ladder... suddenly you realize your understudy or colleagues get promoted faster than you because they have connection with the chief or something and you don't. Then came taxes and the high cost of living. I've seen poor old ladies and old men (some age 70 and above) working as cleaners, and struggling to live a life with no retirement funds (or pensions). Their pay is only around S$500 (USD$350+).
    Factory workers are around S$800-$1200. Blue-collar workers holds the terrible salary threshold.
    White-collar workers would hold around SG$2.500-10,000.
    Politicians get about $100,000-$2,000,000 (real).

    Healthcare is whoopingly expensive till the poor have a saying, "rather to die than to fall sick".


    Then the rich side the ruling party in politics. The rich have the easy way. They can buy their way.
    The ruling party in politics have stayed in power for a long time. They do NOT support welfare. The media is controlled. Against them and the ISD will lock you up discreetly and without trial. Say or criticise the few prominent figures of politics and you will be sued till you're bankrupt with no more hope.

    Women here are choosy and terrible. They want to live the easy life. They want to marry the rich. So they start hanging out with those god damn foreigners or the rich. Fuck them. Despicable kinds.

    Most people here are kind of hypocrites. Politics are questionable.
    Most Singaporeans said that the government favours foreigners more than the locals.
    Still, the government of course did a good job for making an excellent economy with low crime rate.
    From a small fishing village to the independence of Singapore with little resources, it is truly remarkable that it became what it is today.

    I know it sounds very negative of me in other segments of this post, well... if you ever born poor or middle-class, got on the wrong track of education, not having the connection, you will know why.

    Those who said Singapore is beautiful and such, that is because they are the FOREIGNERS. god-damn foreigners.
    If you're never a citizen or just a migrated/permanent resident, you will never know the real truth.
    Blow away the fog and see the truth hidden behind it.

    But if you choose to ignore them, then it's fine. I used to ponder about them alot and that gave me a lot of stress. Seriously.
    Until I simply gave up and just live with it.
    Do I have the will to change them? Let's keep it discreet. But yes, I am getting out of this lock and shackles.

    P.S: I do NOT against my own government or people. Although I know it may be contradictory, especially with all the points I brought up.
     
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    Last edited: Sep 24, 2012
  20. dkh1978

    dkh1978 Regular Member

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    This is a very interesting insight. As I posted in the post above, I know a few Singaporeans, and I have heard a few things about the country, but never anything like this. Basically the only thing in this post, of which I knew, was the "fight" to get your career forward, but I didn´t realize it would be that fierce. One friend (or rather somebody I studied with), had excellent grades in the university, nevertheless for the summer this person had to settle for a boring job in a library, just like this poster said, with (or without) minimum wage, because perhaps this person did not have sufficient connections (so grades mean nothing) or perhaps because there was too much competition and no available positions.

    I know that several international known companies do want to establish (or have already established) a presence in Singapore, so at least, like you mentioned, for these "rich foreigners" there is a market.

    You don´t mention anything about the education, but this, I have understood, is of high quality in Singapore? Although very expensive at the same time.