Check out why business sign-ups in Singapore dipped 1.67%

Still business as usual.

According to a statistics report by Janus Corporate Solutions, the number of new business registrations in the third quarter of 2012 was 14,243, a marginal decline from 14,481 in the previous quarter.

Here's more from Janus Corporate Solutions:

However, the year-on-year comparison showed growth, as the Q3 2012 total represented an increase from the figure of 13,934 in Q3 2011.

The report breaks down the data by categories. For example, its analysis of business registrations by entity type showed that registration of a private limited liability company continued to be the most popular choice for new Singapore businesses. Specifically, exempt private limited companies comprised the bulk of the total with 47% of all new registrations, while non-exempt private limited companies made up only 8%.

Join Singapore Business Review community

Moreover, companies with full local shareholding continued to make up the majority of business registration for the period. Their percentage at 65% was a slight 1% decrease quarter-on-quarter, but is nonetheless an indicator that local entrepreneurship in Singapore remains strong.

The breakdown of new business registrations by industry shows steady trends. Wholesale trading continued to be the most popular sector at 21%. This was an affirmation of Singapore's status as a global business hub due to its efficient and attractive business infrastructure and its strategic location in Asia with world-class ports. The financial services sector (14%) also continues to be strong due to the influx of investment bankers looking to escape the troubled Eurozone economy.

"Right now, European economies are in turmoil - France is in the process of increasing taxes, Spain and Greece are trying to cut their budgets, and other countries such as Germany are losing the confidence of investors who fear that they may be saddled with the rescue costs of their troubled European partners," said Ms. Jacqueline Low, Chief Operating Officer of Janus Corporate Solutions. "In contrast, here in Singapore it has been business as usual and there has been little impact on business confidence. In fact, if you compare the year-on-year Q3 data, there was in fact a significant increase in new business formation."

"With the global integration of economies, there is a race among nations to attract innovators, entrepreneurs and job creators. With its business friendly policies and low tax environment, Singapore continues to win that race. As an example, the government recently announced changes to the Singapore Companies Act that will result in lower costs and greater efficiency for businesses that operate here," she continued.

"As Singapore adopts more business-friendly policies, entrepreneurs around the world see real opportunities in Singapore. We believe that the country will continue to weather the stormy global economy resiliently, and emerge through it to become the top Asian hub for doing business," concluded Ms. Low.

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

SBR 5 Lorem Ipsum News 2 [8 May]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
SBR 4 Lorem Ipsum [8 May Top Stories]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
Vibrant Group wins suit against Blackgold Australia
The group shall be paid damages and fees by Blackgold Australia’s ex-CEO and ex-chairman.
Lorem Ipsum text in year 2025
Contrary to popular belief, Lorem Ipsum is not simply random text. It has roots in a piece of classical Latin literature from 45 BC, making it over 2000 years old.

Exclusives

Exclusive three SBR 12 Lorem Ipsum [8 May]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
SBR 3 Lorem Ipsum [ Exclusive 2]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
SBR 2 Lorem Ipsum [8 May]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.