A few years back, the Singapore government has started a collaboration with the Asian Development Bank (ADB) through which private companies would benefit from assistance when contracting funds form this bank. At the beginning of May, the two parties have renewed their agreements so that Singapore private companies coming up with sustainable urban solutions would still benefit from support when accessing finance with the ADB. Our company formation specialists in Singapore can help foreign investors interested in starting a business in the Lion City.
The private sector has always had the support of the central authorities in Singapore, a support which will continue in the near future as the government has set up Strategy 2030 which covers the development of all Singapore’s regions. Infrastructure projects are one of the main objectives of the partnership between the government and the ADB and the creation of viable solutions which would reduce carbon emissions and decongest traffic. This is why the government will provide 16 trillion SGD in funds for private companies helping find this kind of solutions by the end of 2030. Private companies in Singapore would be incentivized to design and implement innovation in the city-state’s infrastructure.
Our Singapore company formation agents can offer more information on how to apply for a commercial loan in the city-state.
The government has also extended invitations to other important authorities in Singapore to participate in supporting these companies. The Singapore Stock Exchange and other Asian capital markets were wooed by the authorities to join in the Strategy 2030 program and even the Singapore Water Academy which some of the most talented employees when it comes sustainable energy sources.
Back to the Strategy 2030, one of its main objectives is help companies interested in transposing their findings and knowledge in viable solutions which is why these funds will be raised from year to year.
If you are interested in starting a company in one of the most developed economic sectors in the city-state, please contact our company registration consultants in Singapore.