How the Global Business Arena is Changing – A New Dimension of Digital Connectivity

We are living in very exciting times; in the middle of the Digital Revolution and the business arena has gone global, with real-time video and speed-of-light data transfer. The past two decades have seen major tech advances, especially in telecommunications and this empowers the entrepreneur to penetrate foreign markets that were once inaccessible.

Setting up a company in a foreign country

If you use a top international law firm, they can help you with company registration in Singapore, or anywhere in the world for that matter. When looking to register a business entity, there are usually 3 options, one of which would be suited to your needs. Prior to applying, you need to take a deep dive into the pros and cons of each business type to ensure that you are making the right decision.

Real-time video

VoIP tech was a game-changer; platforms that use the Internet to transmit audio and video data, such as Skype, Zoom, Line and Facebook Messenger bring real-time video to us all and for a fraction of the cost of regular phone calls. If you have a connection with an Asian supplier, you can talk to each other at any time or you might wish to call a virtual meeting with your tech team, who are spread around the world. Today’s high level of digital tech really does bring the whole world together in so many ways and there is nothing to stop you from researching foreign markets and registering a business anywhere on the planet.

Cloud computing

Once you have set up a secure cloud network, it can be accessed from any location, all you need is a digital device, a web connection and a browser and you are good to go! If you have a branch office in Singapore, for example, your bookkeeping and accounting staff can access the required data without having to visit the office. You could use local services with remote access to the data, the choice is yours. Click here for tips on successful business administration.

Global trading

Lighting fast connectivity and bank-grade cyber-security means you can safely trade in real time; there are many freelance traders who buy and sell crypto currencies, stocks and shares and thanks to top brokers, they can access global markets from any geographical location.

Language translation

Cutting-edge software and global translation services allow you to talk business in over 200 languages and you can book a real-time online translator for a business meeting. It has never been easier to talk to foreign businesspeople and using Zoom, you can talk to the world! Search with Google for on-demand online translation services and take a look at the many services on offer.

Southeast Asia

This part of the world is very attractive to foreign investors, with Singapore, Malaysia, Thailand and Vietnam all with strong domestic economies. If you are thinking about doing some market research in a foreign country, you can set up a non-trading entity that allows such activities.

We are certainly living in exciting times and should you wish to move into a foreign market, all the tools are at your disposal.