More foreign-owned firms set up shop in Singapore in Q4

Over 1 in 5 companies formed were foreign-owned.

More companies fully owned by foreigners were formed in Singapore in the fourth quarter of 2014, a report by Hawksford revealed.

The share of companies incorporated with 100% foreign shareholding increased from 19% in Q3 to 22% in Q4 and the share of companies formed with mixed shareholding increased marginally from 10% in Q3 to 11% in Q4.

Singapore continued to attract enterprise and individual investors from diverse geographic origins. The share of foreign individual shareholders increased to 25% in Q4 from 23% in the previous quarter.

The percentage of companies with 100% locally held shares has dipped from the previous quarter, from 71% in Q3 to 67% in Q4.