Desfran Consulting

Financial technology (FinTech) can be the key in pushing a country’s banking industry to the forefront of innovation. The government recognizes that and is readying Singapore in its metamorphosis into a smart financial centre. Considering Singapore’s incessant pursuit of new heights in the financial services industry, regulatory sandboxes are available to FinTech business owners seeking such platforms to validate their products .

The trade conflict between the United States (US) and China caused headwinds in the global market.  Despite the fluctuations in the global economy, Singapore remains resilient from the adverse effects of this challenge and clinches its spot as a major export hub in Asia.  To nurture start-up businesses and encourage entrepreneurship, Singapore developed the tax exemption schemes to substantially reduce tax rates for new start-up companies .