Law firm Taylor Vinters is promising to open up new business opportunities in Asia for Cambridge UK technology companies after helping Red Gate Software soft launch into Singapore.The firm has operations in Singapore and has now opened up a similar introductory service for other Cambridge hi-tech companies through its ‘Office in a Box Asia’ initiative.
Taylor Vinters chief executive, Matt Meyer, said opportunities were ripe in a territory named by the World Bank as number one globally for ease of doing business.
Singapore has become a proven platform for operations across Asia and 6,000 multinational organisations have already chosen this location as their springboard into the region.
For UK-based companies looking to flourish overseas and expand operations in Asia, Taylor Vinters says its Office in a Box Asia package provides a fresh growth strategy that finds routes to market.
It provides essential elements needed to get started – with everything from advice on structuring and setting up to operational support and building networks. Issues such as regulatory barriers to entry, employment laws and tax regulations, are also at the heart of the venture.
Meyer said: “As a company, we felt that we would be able to share not only our legal expertise in this field but also our own personal experience of opening an office in Asia. Singapore is a trusted regional business hub that has been ranked first for ease of doing business seven years in a row and will strive to continue to do so for the foreseeable future. We wish to continue to see UK businesses thriving there.”
Singapore is a progressive, multicultural nation where the corporate language is English, the unemployment rate is just two per cent, and the English-speaking workforce literacy rate soars at an impressive 98 per cent.
Fast-growing Red Gate Software, which provides tools for database developers and administrators, recently used Taylor Vinters’ ‘Office in a Box’ service when it set up an operation in Singapore to achieve its aim of providing a round-the-clock-support infrastructure and provide a focus to expanding its markets in Asia.
Nick Wood, head of operations at Red Gate explained: “Taylor Vinters has been instrumental in making our setup in Singapore a great success, helping us to understand the market and make strategic connections in Asia.”
Taylor Vinters continues to work with Red Gate in the implementation phase, providing a managed service co-ordinating external professionals, handling legal issues and acting as a business partner introducing Red Gate to relevant individuals in Singapore.
Taylor Vinters is hosting a UKTI Conference – ‘How to do business in Singapore’ – on October 16 at its Cambridge offices. The event will feature a keynote address by Judith Slater, director of UKTI Singapore and deputy British High Commissioner.
• PHOTOGRAPH SHOWS: Matt Mayer, chief executive, Taylor Vinters