Russian cybersecurity firm Group-IB to move global HQ to Singapore

Singapore

MOSCOW-BASED firm Group-IB has spent close to a decade fighting and investigating cybercrime in countries all over the world. Now, the company is training its sights on Singapore as the catalyst for an expansion into South-east Asia.

In fact, Group-IB is so confident of Singapore's potential that by the end of this year, the city will be where the new global headquarters is based, founder and chief executive Ilya Sachkov told The Business Times in an exclusive interview.

The company is in the midst of moving its intellectual property to Singapore, and the plan is to have 90 staff - comprising 15 from Moscow and the rest hired locally - here in two years' time.

"Lack of administrative barriers, tax incentives, a favourable investment climate and a strategy for creating a vibrant cybersecurity ecosystem - these are just some of the reasons why we at Group-IB have chosen Singapore as a platform for our international business devel…