According to Reuters, more and more Chinese companies want to settle in Singapore because they believe this move will reduce the risk of their business being disrupted by geopolitical tension between China and the US. KG Tan, CEO of corporate services provider InCorp Group, said that demand has been growing, and the key is that it is likely to accelerate at a faster rate now. There is currently no official data on how many Chinese companies are registered in Singapore, but he said that Chinese companies are very interested in Singapore, and the number of inquiries is currently increasing by about 15% to 20% year on year. Singapore provides an attractive base for companies that want to avoid US tariffs and continue to have access to key US technology whose sales are restricted in China. Washington only imposes a 10% tariff on goods originating in Singapore.

According to Reuters, more and more Chinese companies want to settle in Singapore because they believe this move will reduce the risk of their business being disrupted by geopolitical tension between China and the US. KG Tan, CEO of corporate services provider InCorp Group, said that demand has been growing, and the key is that it is likely to accelerate at a faster rate now. There is currently no official data on how many Chinese companies are registered in Singapore, but he said that Chinese companies are very interested in Singapore, and the number of inquiries is currently increasing by about 15% to 20% year on year. Singapore provides an attractive base for companies that want to avoid US tariffs and continue to have access to key US technology whose sales are restricted in China. Washington only imposes a 10% tariff on goods originating in Singapore.