In May 2024, a delegation of Central Ostrobothnian Entrepreneurs embarked on a mission to Singapore, a pivotal step in expanding their international business network. They were warmly welcomed at the International Business Center, where the Director, Omar Bassalti, presented the center’s comprehensive range of services. The delegation was introduced to various opportunities available for businesses looking to establish a footprint in Singapore. Bassalti emphasized the center’s dedication to fostering international collaboration, highlighting Singapore’s strategic advantages as a gateway to Asia.
The entrepreneurs in EFG Private Bank, gained insights into specialized financial services. Presentations covered the Single Family Office concept and insurance services tailored for business leaders. These personalized solutions are designed to safeguard and grow wealth, providing invaluable support to those running businesses across borders. The delegation found these sessions particularly valuable, as they shed light on how private banking institutions in Singapore are uniquely equipped to meet the sophisticated needs of high-net-worth clients.
The final stop of their visit was back at the International Business Center, where a comprehensive presentation on legal services was delivered. With the support of the center’s in-house legal expert—Singapore’s only lawyer with an Italian passport, and one of the few Europeans practicing law locally—the entrepreneurs were guided through the multifaceted legal landscape. The presentation covered crucial aspects such as company incorporation, corporate governance, and tax regulations, underscoring the importance of understanding Singapore’s legal framework for smooth business operations.
The visit showcased Singapore as a leading international hub for business and finance, offering unmatched access to professional services tailored to foreign entrepreneurs. The Central Ostrobothnian delegation left with a deeper understanding of how Singaporean legal, financial, and corporate frameworks can be leveraged to create and grow successful international ventures.