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The Franchising and Licensing Association of Singapore (FLA) certifies the upward progress of the franchise industry in Singapore. According to Ms. Terry Wong, General Manager for FLA, Singapore's reputation as a strategic entry point to Asia has attracted the attention of numerous foreign companies seeking to expand their operations abroad.
"With pre-organized systems, established branding, and a shorter learning curve, franchise businesses in Singapore have typically performed better. And more entrepreneurs are beginning to consider franchising as a feasible investment and business expansion option," she said.
"With a comparatively stable political environment, sound legal system with well-developed and efficient infrastructure reputed to be one of the best in the region, Singapore is the prime choice for many international companies seeking expansion in Asia," said Mr Robert G Shaw, Managing Director of Edwards Global Services, Inc, an US based International Business Development consultancy firm.
Mr. Norm Bogner, states Singapore's unique position as a prominent business centre, especially in South-East Asia, to be the main draw for the leading Canadian fuel management organization.
"Proven franchise systems allow investors to reduce their risk of starting a new business from scratch, while achieving faster return on investments. We hope to facilitate the link for regional investors to successful American and Canada franchises, to accelerate the growth of Asian Franchisepreneurs," said Mr. T. K. Lee, Principle Consultant of Asia Franchise Networks.
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