Tag Archives: captive center in singapore
Captive Centers in Singapore
Businesses who want to create captive centers in Singapore should consider a lot of things before starting up. Captive centers have its upsides and downsides and business owners should look it all up to weigh what is good for their businesses.
Captive centers are also called “in sourcing” centers because multinational companies made them in cheaper labor countries instead of hiring another company to do the work for them as off shoring does. The multinationals benefits through cheaper labor in captive centers compared to their main branches. Also captive centers are a way to separate there core and non core competency plus having full control of the company.
Cheap labor and the focus on core competencies on mother companies are the prominent advantages of captive centers in Singapore but these upsides have been downgraded by a lot of disadvantages surrounding this kind of company structure.
