Business of Fashion: Will Singapore Win Asia’s Start-Up Race?

Date: 8-02-2019

Singapore is identified as one of the best places to start a business with no tax on capital gains or dividends, an income tax cap at 22%, as well as government and private grants. Fashion startups like Pixibo and Pomelo recognize the country’s support, access to funding, good talent, and strategic placement within a growing South East Asian market. Reina Nakamura, principal at Cento VC and general partner of Start Today Ventures, observes that the diversity of the region provides both opportunities and limitations for consumer facing businesses.

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