Most countries, even the progressive Western nations, have unnecessary restrictions imposed upon foreigners visiting their countries for good reason. It can be a holiday to which the visitors’ will be adding invaluably to the countries’ tourism sector and fiscus. These days there are what are now being popularly termed as economic refugees. But the analogy has been turned on its head and become a working document in the form of negative connotations.
Foreigners, most of them potentially small to medium-sized businesses, come armed with skills which can benefit a country or city’s economy immeasurably. Now, Singapore has its own restrictions, but with a great deal more sense and reason behind it. On the flip side, other nations still haven’t cottoned on to the entrepreneurial verve that has caused Singapore to be renowned as Southeast Asia’s jewel. Foreigners who can contribute to the country’s economy are not turned away.
It is incredible to believe that this same principal even applies to the traditional, but now licensed and accredited, MoneyLender. Like most other retail lenders, the Singaporean money lender assists clients across the socio-economic sector with personal loans, loans which require collateral and business loans. This lender is even helping foreigners. You would have to approach them directly to find out more how this arrangement is structured.
For now, you can imagine the profitable potential such amenable practice holds. Tourists who need to bankroll their stay in Singapore and elsewhere for a little longer can do so. Invariably, they will be spending more money in the region. Economic migrants can have much more of the logistical pains of setting up shop stripped away and, once in business, start contributing towards the country’s resilient economy.