In the last issue of Libero Professionista Reloaded, the digital monthly information and culture magazine of Confprofessioni Confederazione Libere Professioni, I recounted what was the experience of Singapore 👉🏻 https://bit.ly/3VxQgxw, the destination of the first institutional mission promoted by Aprieuropa, Unione Nazionale Giovani Dottori Commercialisti ed Esperti Contabili, IUYA -Unione Internazionale Giovani Dottori Commercialisti ed Esperti Contabili.

It was an incredible opportunity for professional and human enrichment that allowed me to acquire new and valuable skills.

The following is reported in the magazine in order to travel together to Asia!

"Nearly 5.5 million inhabitants, a per capita income among the highest in the world at SGD 97,798 (68. 862.5 euros) in 2021, an educated population and the highest rate of innovation in Asia and eighth in the world, (as indicated by the 2021 classification of the OECD Global Innovation Index), the city-state of Singapore is the most advanced tip of the Southeast Asian economic system and one of the world's most important financial hubs, and it is no coincidence that Singapore-one of the founding countries of the Association of Southeast Asian Nations (Asean)-, ranks as the world's fifth largest economy after Europe, the United States, China and Japan.

A megacity between finance and high tech
One has to land at Changi Airport, however, to experience firsthand the reality of this cutting-edge economic hub in information technology, telecommunications, biotechnology and electronics, which Europe and the United States are competing for dollars both commercially, financially and logistically. The vestiges of the former British colony, along with the gray traffics of the recent past, have given way to a skyline worthy of Arab emirs. And the vocation driven toward high tech and the digital future is reflected in the conformation of a megalopolis, which combines futuristic architectural elements with a marked focus on sustainability and green. The city's landmark is definitely the Marina area, embellished with iconic skyscrapers such as the Marina Bay Sands with its SkyPark offering breathtaking views, the Formula 1 street circuit track, Gardens by the Bay, one of Singapore's most signifcant parks, with its world's tallest artifcial waterfall, as well as the glass greenhouse and a series of giant trees reaching 50 meters in height. It's all a glitter of lights, sounds and sights, revolving around Asia's largest Ferris wheel. Everything here is bigger, and counterbalancing such opulence is the downtown with its popular and multi-ethnic cross-section, pulled together to the benefit of ever-increasing tourism.

Business is a magnet here
Like a magnet, Singapore attracts millions of tourists every year, but it is mainly managers and professionals who fill the city-state's luxurious hotels, hunting for good business. Here in Singapore from October 30 to November 5 last year, ApriEuropa's mission with the National Union of Young Accountants and Accounting Experts and IUYA (International Union Young Accountants) took place, which offered particular insights and possible practical insights, as well as concrete investment and consulting opportunities for the more than 100 professionals present at the initiative. Suffice it to mention here that Private Limited Corporations (which roughly correspond to our corporations) have no corporate constraints related to the capital
to be contributed and can be established 100 percent by foreign capital, and that direct taxation is 17 percent and up to 250,000 Singapore dollars (just over 175,000 euros) of income is halved to 8.5 percent.
A busy schedule of meetings and happenings provided an in-depth look at various economic aspects such as, for example, corporate governance and local taxation, thanks to the interventions of experts working directly in the field. A few names: Gionata Bosco, president of the Italian Chamber of Commerce in Singapore, Federico Donato, president of Eurocham Singapore, Giacomo Morabito, managing director of the Italian Chamber of Commerce in Singapore, Federico Vasoli and Giacomo Merello, both Lawer and Partner of firms structured and operating in several nations in the Asian area, and entrepreneurs
successful locals who told their stories.

Fintech festival, a plunge into the future
Another significant experience that constituted a great opportunity for both professional and human enrichment was undoubtedly the Singapore Fintech Festival, an initiative launched in 2016 that is now the world's largest fnancial technology event. A must-attend event for businesses, professionals and insiders working in technofinance and the digitization of the financial and banking system. This year's event, sponsored by the Monetary Authority of Singapore, broke all records with the registration of 62,000 visitors from 115 countries and has become the main platform for the global fintech community to connect and exchange ideas and projects that intersect on the terrain of financial services, public policy and technology.  It's a dive into the global future, artificial intelligence, blockchain and cryptocurrencies, the metaverse and NFTs, to virtual payment systems, under the careful direction of global finance giants such as Bain & Company, McKinsey or J.P. Morgan and innovative start-ups helping to innovate the world of financial systems. And where the only limit is the strength and foresight of their own visions." 

Edited by: Mattia Christian Scioli, Chartered Accountant

For more information:

mattiascioli@valoreassociati.it