
The Fifth Person
2022-04-28 17:25:52
How to buy U.S. shares in Singapore and open a U.S. brokerage account (updated 2022)
As remarkable as Singapore is as a first world financial hub, our local stock market is rather… humdrum. And the main reason for that is — with 5.6 million people — the Singapore market is just too small. So unless a home-grown Singaporean company is able to expand beyond its shores, its potential growth remains limited.
However, expanding overseas into new
markets brings a new host of challenges. In a region as culturally diverse as Asia,
a company needs to understand different languages and local customs in each new
market, and navigate the unique business regulations, tax codes, compliance
laws of each country. So unless a company is able to successfully crack the
humongous Chinese market, it remains challenging for many firms to grow bigger beyond
Singapore.
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