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Doing Business in India

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Doing Business in India

The manufacturing sector has emerged as one of the sectors in India with high growth. The ambitious “Make in India” program launched by the Hon’ble Prime Minister, Shri Narendra Modi, has played a pivotal role in this regard and has significantly helped not only in placing India on the world map as a manufacturing hub but also in providing global recognition to India’s growth story.

According to the United Nations Conference on Trade and Development (“UNCTAD”), India ranked among the top 10 recipients of Foreign Direct Investment (“FDI”) in South Asia in 2019, attracting US$ 49 billion – a 16% increase from the previous year.

Cumulative FDI in India’s manufacturing sector reaching US$ 88.45 billion during April 2000 to March 2020 is a manifestation of the increasing attractiveness of India as destination for foreign investments. Furthermore, with its increasing liberalisation and business friendly environment, India has jumped 79 positions to rank 63rd in the ‘Ease of Doing Business index’ as per the World Bank’s Ease of Doing Business Ranking, 2020. In accordance with the latest data released by the Government, the FDI inflows have gone up by almost 15% during the first half of the current year with Singapore topping the list. In terms of numbers, the data shows that despite the pandemic, FDI inflows in India have topped US$ 30 billion during April-September compared to US$ 26 billion in the corresponding period of the last year.

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Singapore VCC – At a glance

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Singapore VCC – At a glance

The Variable Capital Company (VCC) framework has become a game changer for the fund management industry in Singapore. Our VCC flyer gives a snapshot of the key features of VCC, its broad tax framework, an overview of the VCC Grant Scheme (providing for upto 70% funding of set-up cost) and how we can assist you on a holistic basis.

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Doing Business In Singapore

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Doing Business In Singapore

The gradual shift in the world’s economic gravity to the eastern hemisphere has been well leveraged by Singapore, with its strategic location and growing appeal as an international hub for wealth management and financial services. Singapore has topped the world ranking in terms of ease of doing business for close to a decade. Many global businesses benefit from locating their head quarter operations in Singapore.

Dhruva’s ‘Doing Business in Singapore’ publication provides a concise synopsis on the critical aspects of doing business in Singapore with highlights on taxation, audit & accountancy as well as other related business matters.

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Fund Management In Singapore

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Fund Management In Singapore

Located in the heart of Asia, Singapore has emerged as a leading wealth management hub due to its favourable business environment and stable tax policy. It serves as one of the most attractive locations for fund managers as well as investors, including sovereign wealth funds, pension funds and family offices. Moreover, its friendly yet robust tax and regulatory environment holds sway over the financial sector.

Our publication of ‘Fund Management in Singapore: Tax and regulatory landscape’ summarises various tax incentives for fund managed by Singapore-based fund managers, MAS licensing requirements and other related aspects.

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