Judith, who gave an insightful keynote address said: “There is great synergy between Cambridge and Singapore. Taylor Vinters has recognised the immense potential for technical companies to grow and Singapore is a leading world economy – so the link with Cambridge makes sense. Judith continued: “As a progressive, high value economy, Singapore is a pro-business and pro-investment environment where English is the official corporate language and the unemployment rate is just 2%. With one of the lowest corporate tax rates in the world and robust IP protection – the low-risk high-potential market means we have very big opportunities for the right kind of UK companies.
Matt Meyer, Chief Executive at Taylor Vinters, also shared his experience of how companies can successfully set up in Singapore, and case study companies, including Red Gate Software, which recently used the Taylor Vinters market entry service when setting up an operation in Singapore, revealed the key lessons learned in Singapore, while UKTI provided invaluable advice on getting the approach to business culture right and how UKTI can help support market entry.
Matt Meyer was also a key speaker at the UKTI conference at The Oval in London, and joined the headline speaker Lord Green, Minister of State for Trade & Investment, for an event entitled ‘The practical toolkit for doing business in Southeast Asia’. The UK-ASEAN Business Council (UKABC) in partnership with RBS and UKTI’s Asia Task Force provided a comprehensive toolkit of information and guidance for UK businesses, new to the region and wanting to do business in the ASEAN (Association of South East Asian Nations) market. Again, Matt shared Taylor Vinters experiences of helping clients set up and do business in Asia.
On the other side of the globe, Tim Pullan, Partner, Head of Technology & Outsourcing Asia, for Taylor Vinters, was guest speaker at the Singapore High Commission where his presentation on ‘Doing Business in Singapore’ was well received by economists, business leaders and dignitaries.