Taylor Vinters unlocks the business gateway to Asia
13 Aug, 2012
As the World Bank releases its 2012 Doing Business report, which ranks Singapore as number one in the world for ‘ease of doing business’, Taylor Vinters is poised to propel UK companies in Asia.
While the bank’s annual report has become something of an asset in the evaluation of investment potential for international business – knowing where to develop global markets is just the beginning. Singapore has become a proven platform for operations across Asia – and 6,000 multinational organisations have already chosen this location as their springboard into the region.
For UK-based companies looking to flourish overseas and expand operations in Asia, there is now a fresh growth strategy that finds routes to market. With offices in Singapore, London and Cambridge, leading law firm Taylor Vinters is strategically placed to explore methods for global expansion and market entry into Asia.
The introduction of the Taylor Vinters Office in a Box Asia looks set to help UK companies expand into this burgeoning market by providing essential elements needed to get started – with everything from advice on structuring and setting up to operational support and building networks. In answering key questions regarding issues such as regulatory barriers to entry, employment laws and tax regulations, the package offers central services that include:
– Market entry report
– Creation of a Subsidiary Corporation
– Intellectual Property
– Introduction to Tax Advisors
– Office Lease
– Access to Resources for Administrative Fillings
Not only has Taylor Vinters made the leap of faith and successfully opened an office in Singapore, but this forward-thinking law firm is now enabling other UK companies to achieve the same smooth transition. Matt Meyer, Chief Executive at Taylor Vinters, said: “As a company, we felt that we would be able to share not only our legal expertise in this field but also our own personal experience of opening an office in Asia. Singapore is a trusted regional business hub that has been ranked first for ease of doing business seven years in a row and will strive to continue to do so for the foreseeable future. We wish to continue to see UK businesses thriving there”.
Singapore is a progressive, multicultural nation where the corporate language is English, the unemployment rate is just two per cent, and the English-speaking workforce literacy rate soars at an impressive 98% – with other benefits including:
– Proven to be one of the best countries for trading across borders
– Excellent Government connectivity
– Strong intellectual property protection regulations as well as sound investor protection
– Innovation-intensive economy
– A pro-business environment, where risk is low
– Strong business connectivity
Singapore’s dynamic economy continually adapts to the changing global economic climate; playing on existing strengths while seeking new ways to make its economy even stronger. UK-based businesses, whether multinational manufacturing or fast-growth technology, are in a unique position to utilise the professional expertise offered by Taylor Vinters. The Office in a Box provides vital insight to grow organisations globally and get Asia operations up and running through the trusted regional business hub of Singapore.
Red Gate: A Taylor Vinters Office in a Box Asia success story
Fast-growing Red Gate Software, who provide tools for database developers and administrators, recently used Taylor Vinters’ ‘Office in a Box’ service when they set up an operation in Singapore to achieve their aim of providing a round-the-clock-support infrastructure and provide a focus to expanding their markets in Asia. Nick Wood, Head of Operations at Red Gate explained, “Taylor Vinters have been instrumental in making our setup in Singapore a great success, helping us to understand the market and make strategic connections in Asia.”
Taylor Vinters continues to work with Red Gate in the implementation phase, providing a managed service co-ordinating external professionals, handling legal issues and acting as a business partner introducing Red Gate to relevant individuals in Singapore.
Forthcoming event: Singapore seminar – October 2012
Taylor Vinters is hosting a UKTI Conference – ‘How to do business in Singapore’ – on 16 October at its Cambridge offices. The event will feature a keynote address by Ms Judith Slater, Director of UKTI Singapore and Deputy British High Commissioner.