Singapore vs Dubai: Where to Set Up Your Business (Part 1)
Thinking about setting up a business in Singapore or Dubai? In this video, Ben from Statrys explores the key differences between Singapore and Dubai for entrepreneurs.
This first part of the Singapore versus Dubai comparison series explores how both locations differ in company formation, business account access, and market reach. The discussion highlights regulatory consistency, banking accessibility, and the strategic markets you can serve, helping you understand how your choice of location shapes early operations and long-term growth.
Ben from Statrys explains the practical requirements for incorporating in each jurisdiction, the realities foreign entrepreneurs face when opening business accounts, and how each city positions you in its surrounding economic region.
Key Takeaways:
- Key steps and requirements for incorporating a company in Singapore or Dubai
- Differences between Singapore’s structured registration system and Dubai’s free zone and mainland options
- Practical account opening challenges faced by foreign-owned companies in both locations
- Why Singapore offers broader digital banking access and fintech alternatives
- Typical minimum deposit requirements and documentation hurdles for Dubai-based companies
- How each location connects you to major regional markets and why that matters for your business model
- Strategic guidance on choosing the right hub based on geography, industry, and operational needs
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