The Opening of the Singapore Business Division

It is commonly known that Asia market is the most prosperous place where various ICO projects prefer to register their business and open branch offices there. The OLCF Corporation wasn’t an exception to this common tendency. So, when we have learned some benefits which we can obtain after opening a new division in Singapore, we have set one more goal at the roadmap of our project’s development. Finally, we have achieved this goal, as it was planned, on March 2, 2018. At the beginning of this month, we have received and obtained the certificate of good standing stated that OLCF Corporation was registered in Singapore. The fact of reaching the first goal of this year is very important to us. However, there is still too much to do and arrange to bring all our ideas to life.

Why is Singapore So Important for You?

We decided to start the introduction to our plans and visions, or to the roadmap of the project, from the Singapore business division opening as it is the first accomplished task that we have appointed for ourselves. The integration and operation in the Asian market are very crucial for any ICO project. Singapore is the third largest ICO center in the world and leading market of ICO projects in Asia. The dealing of crypto business is very productive for many companies registered in this country.

Moreover, the government of the country has published the handbook of instructions for initial coin offering there. In comparison, the major part of the world’s states still doesn’t have any regulations that may control the process of token sale. That is why most of the companies wanting to hold their ICO successively look towards the Asian market to reach necessary funds easily.

The Advantages List of Incorporation in Singapore

Today’s tendencies of many blockchain projects to register in Singapore is defined by several forcible arguments and reasons for it. Let’s have a close look at some of them below:

1. Singapore may be called blockchain and cryptocurrency friendly state that looks positively towards crypto and even tokenized the Singapore dollar on the Ethereum platform. This is the first country to acknowledge cryptocurrency at the domestic level.
2. The laws of this country guarantee investors security due to the state’s regulations of the investments in ICO projects and prevention of money laundering. This attracts attention to launching ICO projects and provides both parties of the smart-contract with safe transactions.
3. Despite the fact that Singaporean companies are registered in Asia they are credible and have a certain level of trust among the other states. This fact enables such corporations to accomplish their business tasks without falling under suspicion and thereby suffer from some mishaps.

The previous arguments in favor of Singaporean registration heightened our interests to incorporation in this country and gave confidence in that Singapore is the right place to register a company planning to launch an ICO.