Why You Should Consider Expanding to Asia?
Whether you’re a US based business owner or a European entrepreneur, if you’re looking to achieve global success, then it makes sense to penetrate into newer markets and cater to target audience located internationally. Consider expanding to Asia to experience success like never before as Asia has become one of the best places to setup business operation and foster growth over the last few years.
Let’s take a deeper dive and see what factors truly make Asia a top choice for business expansion:
1. Innovation & Technology Hub
Asia, is experienced probably the biggest technology boom ever. Places like Tokyo, Hong Kong and Singapore today are recognised as the world-class technology and innovation hubs. Businesses operating here have easy access and availability to some of the most advanced and cutting-edge technologies. This truly helps them not only streamline business operations but also deliver the best products and lower their operational cost significantly.
Adopting and integrating latest technologies not only helps businesses deliver the best in service to customers but also enables them to spear through competition while sustaining a winning edge over contemporaries.
Additionally, access to technology such as cell phones and the internet in Asia is becoming very common. Asian countries are continuing efforts to offer WIFI access to public places and creating hotspots. This has significantly helped consumers to engage in online shopping. Asian consumers now can connect with local and international business through social media and go to their websites to make purchases. No wonder the Asian market has experienced a soaring number of e-com business deals and sales.
Advanced network and technology infrastructure have great benefits including: increase in productivity as the work is done more efficiently, improved stability of the network, decreased operational expense, and it also provides a secure platform to connect with customers & employees.
2. Growing Population and Untapped Markets
60 percent of the population of the world resides in this region; 4.3 billion people live in the Asia Pacific region which by the way is majorly regarded as an untapped-reservoir of customers for businesses. By catering to this region and potential customers in Asia, you can significantly boost your sales and grow your profits.
3. Easy Company Incorporation and Business Friendly Regulatory Environment
Most of the countries in Asia encourage foreign investors and entrepreneurs to invest and start operations here. And this is truly evident from their easy company incorporation requirements and processes. Singapore is ranked number 1 for ease of doing business by the World Bank. Singapore continues to retain this status for 10 consecutive years. A high ranking for ease of doing business means that Singapore’s regulatory environment is conductive, making it much easier for local as well as foreign businesses to setup companies here.
When it comes to setting business operations in Asia, 3E Accounting International is the go-to company for company incorporation services among business owners across industries, with the experience, the expertise and the knowledge, helping you set up your business in Asia in the fastest time while delivering a stress-free experience.