Singapore has in recent years been promoting itself as a hub for transactional services and as a financial services hub. If you are looking to expand your regional/asian headquarters to Asia, Singapore as its current status as the hub for South East Asian region is an ideal place to locate your operations. Whilst the legal system in Singapore is quite similar to that of the United Kingdom and follows the common law system, a Singapore Corporate Lawyer is necessary if you wish to structure your investment properly.
A Singapore Corporate Lawyer can assist you in drawing up joint venture agreements with your counterparties who may be running business ventures in the region. The Singapore legal system and arbitration tribunals are well known for their speed and efficiency and lack of corruption in region where corruption is a way of life. Thus, Singapore represents a good place to hear all your potential litigation disputes as well.
Three key points you need to consider when appointing a Singapore Corporate Lawyer include:-
- The Singapore Corporate Lawyer should have a grasp of what your commercial intentions are and have some understanding of how the legal requirements in your host jurisdiction would interplay with the laws of your potential Singapore Subsidiary.
- The Singapore Corporate Lawyer would have an insight into your operations and business and is able to advise you on legally and administratively efficient ways to structure your business in Singapore.
- The Singapore Corporate Lawyer being well connected in Singapore is able to help you get connected with the right people to push your business forward.
In Singapore, there is a general pro-business culture and employment law is slanted in favour of the employer. Many multi-national companies locate their regional headquarters in Singapore due to the good standard of life and good quality of international school education for their children.
In conclusion, a good Singapore Corporate Lawyer can push your business forward in Singapore and perhaps assist you in expanding into the region.