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Essay / Research Paper Abstract
This 3 page paper considers why foreign businesses may start up in Singapore and gives two examples of foreign investments; Electroglas and Manchester United. The bibliography cites 4 sources.
Page Count:
3 pages (~225 words per page)
File: TS14_TEsingsu.rtf
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Unformatted sample text from the term paper:
also a relatively open market with few barriers to trade, even importing and exporting is facilitated with an electronic system called Tradenet (Anonymous, 1999). However, businesses do require a
license from the Development Board (TDB) to import or export, and as such no transaction that involve imports or exports should be entered into without this authorisation (Anonymous, 1999). Therefore
compared to many neighbouring countries, this is an attractive area for foreign investments. Not only due to the lower entry barriers, but also the more open, capitalist culture of
the society. Foreign investment is encouraged. For example, foreign investment, in both start ups and ongoing development in manufacturing sectors amounted to
$4 billion in 1997, this totalled 70% of the investment, as such the importance of foreign investment can be appreciated (Anonymous, 1999). The low tax regime is also a pull
factor (Tax Notes, 2002). One company that has opened up business in Singapore recently has been the UK football teams company. Manchester
United. A shop and caf? has been opened by the company to attract the football team supports and sell goods and merchandise as well s provide a Manchester United Experience"
(Knight Ridder/Tribune Business News, 2001).Therefore, the requirement was for an import license to bring in the goods that would be sold. The
facilities are concept cafes and shops that are aimed at attracting and then keeping the fans inside and increase the spend as well as give full value for money so
that they will return. So far the outlet in Singapore is only the third of these to be opened and the first in the Asian region. These are also a
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