Rikvin Pte Ltd

Singapore Company Registration Specialists

  • Call Us Now+65 6320 1888
  • WhatsApp Us+65 8699 8821
  • Get a Quote Now


  • Home
  • Services
    • Incorporation
    • Corporate Secretary
    • Taxation
    • Transfer Pricing
    • Accounting
    • Immigration
    • HR Outsourcing
    • International Expansion Services
    • Business Advisory & Support
    • Switch to Rikvin
  • Learn
    • Incorporation
    • Work Visas
    • Taxation
    • Accounting
    • Compliance
    • Resources
    • Infographics
    • Industry Guides
    • Business Reports
    • Country Reports
    • Download Guides
    • FAQs
    • Events
  • Tools
    • Company Name Check
    • SSIC Codes Search
    • AGM Calculator
    • Tax Calculators
    • Personal Tax Calculator
    • Corporate Tax Calculator
    • Global Tax Calculator
    • Work Visas
    • PEP Assessment
    • More Free Tools
  • About
  • Community
    • Blogs
    • Press Releases
    • In.Conversation
    • Videos
  • Contact
You are here: Home / Blogs / New SME Zone to Help Businesses Save Costs

New SME Zone to Help Businesses Save Costs

Starting a Land Transport Business in Singapore

A new zone for small and medium-sized enterprises (SME) to be set up in the north of Singapore is projected to help local businesses save costs.

Its geographical proximity to Johor will let SMEs save costs, said the Association of Small and Medium Enterprises.

The zone will be part of the Woodlands North Coast District, with 14 hectares between Woodlands Avenue 9 and Avenue 4 to be zoned as the Business 1 White Cluster. It is part of the URA Masterplan 2015, which was recently announced in late November.

While regulations stipulate that 60% of the district be used for industrial purposes and 40% for ancillary uses, ASME is hoping that the ratio can be tweaked in SMEs’ favour.

URA officials said how much land is allocated for SMEs will depend on market conditions and demand.

Analysts told Channel News Asia in the report “Allocated space for SMEs in north will save them transport costs: ASME”, that the new industrial cluster will also prevent traffic and human congestion in one area by diversifying the crowd.

Rikvin acknowledges that the SME zone will increase the number of business connections between Singapore and Johor businesses, hence facilitating transnational trade between the 2 countries and bringing benefits of trade to all.

New SME Zone

Mr Satish Bakhda, Chief Operating Officer, Rikvin, said the new business cluster has potential to service the specialised needs of SMEs.

“Not all SMEs are keen on prime office space in the city due to the high rental cost and geographical disconnects from their production spaces. This zone allows them to be situated in a vibrant economic hub which is near convenient transport nodes like the Downtown Line and Woodlands MRT station,” he said.

The business district shows how the Singapore government is supporting SMEs’ expansion and defraying their operating costs in face of changing economic conditions, while at the same time riding on the upcoming developments in neighbouring Johor.

“While there was previously overemphasis on multi-national companies, it is clear that the Singapore government is now taking the domestic SME sector into account and helping them tide through the current restructuring period. This is done concurrently with benefiting from synergies with the upcoming Singapore-Johor cross-border rail link and the Iskandar Malaysia development,” he said.

Rikvin Company Registration in Singapore
Rikvin Content

Rikvin’s content team includes in-house and freelance writers across the globe who contribute informative and trending articles to guide aspiring entrepreneurs in taking their business to the next level in Asia.

First Payout for Wage Credit Scheme Due in March 2014
Local SMEs To Increase Spending on New Technology and Assets
Rikvin Services Incorporation Taxation Accounting Immigration in Singapore
Get a quote Request Call Back Have a question?

Contact Us

  • Rikvin Pte. Ltd. is a part of InCorp Group. All data collected in Rikvin.com website are part of In.Corp Global’s Privacy terms and conditions.

  • This field is for validation purposes and should be left unchanged.

Learning Guide

  • Incorporating a Company in Singapore
  • Singapore Immigration and Work Visas
  • Singapore Taxation
  • Accounting Services
  • Singapore Business Infographics
  • Singapore Industry Guides
  • Rikvin Download Guides

Latest Posts

  • Why is ESG Essential for Companies in Singapore?
  • 2023 Foreigner’s Guide to Starting a Business in Singapore
  • Guide to Singapore Permanent Resident (PR) Application
  • A Practical Guide to Decode the SSIC Codes
  • A Guide to Convening Effective Extraordinary General Meetings (EGMs)
InCorp GroupPrimeGlobal

Rikvin Pte Ltd

EA License No. 11C3030

30 Cecil Street,
#19-08 Prudential Tower,
Singapore 049712

+65 6320 1888

Company Registration

  • Company Incorporation
  • Subsidiary Registration
  • Branch Registration
  • Representative Office Registration
  • Offshore Company Registration

Immigration

  • Employment Pass Guide
  • ONE Pass Guide
  • Tech.Pass Guide
  • Singapore Work Visas
  • SG Immigration Options

Taxation

  • Corporate Tax Guide
  • Personal Tax Guide
  • Tax Filing Calendar
  • Singapore GST Guide
  • Transfer Pricing

Resources

  • Infographics
  • FAQs
  • Singapore Company Name Check
  • Income Tax Calculator
  • Incorporate Now

© 2023 Rikvin Pte Ltd (UEN 200708442E) An InCorp Group Company. All Rights Reserved.

Terms of Use | Privacy Policy | Sitemap

Sitemap | Terms of Use | Privacy Policy

© 2023 Rikvin Pte Ltd. UEN: 200708442E · All Rights Reserved.