Entrepreneurs drawn to Singapore by clear laws, ease of set-up, savvy investors

BY AW CHENG WEI, THE STRAITS TIMES

"When Malaysian Kelvin Teo and Indonesian Reynold Wijaya set up crowd-investing website Funding Societies in 2015 in Singapore, both were not on the island."My co-founder and I incorporated the company and built a team (of five) here, via the Internet and video calls, without being physically in Singapore," Mr Teo, a Singapore permanent resident, told The Straits Times.

The ease of setting up a company in Singapore and its clear legislations were also highlighted by Ms Caecilia Chu, co-founder and chief executive of YouTrip, a multi-currency mobile wallet."

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