Pro- Business Environment
Singapore embodies all the attractive attributes a company
can seek in a business partner: -
world-class infrastructure, flexibility, excellent education
system, technology mindset, pro-business environment, manpower
capabilities and an excellent springboard into the region.
Singapore's reputation as a successful financial centre is
protected by stringent banking laws governing the management
of banks and financial institutions. The country's success
has been outstanding as a haven for offshore funds. One top
attraction is the high degree of political and economic stability
provided by the Republic which offers investors security and
peace of mind.
Singapore has been consistently ranked as one of the best
places for business in the world. Accolades for the last few
- Best business
environment in Asia Pacific for 2004 to 2008
Economist Intelligence Unit Country Forecast, October
- Top in Asia for Corporate Governance
GovernanceMatrics International, Sept 2004
- Top in Quality & Integrity
of Judicial System
Political and Economic Risks Consultancy, 2004
- Most Attractive City for Expatriates
to Live & Work
Mercer Human Resource Consulting, March 2004
- Best Asian Seaport
Asian Freight & Supply Chain Awards , 2004
- Third in Pro-Business World Rankings
World Bank Group’s annual Report, Sept 2004
- Fifth Best Offshore Location
A.T. Kearney Offshore Location Attractiveness Index,
Singapore is one of the best connected countries in the world,
with all the sea, air and telecommunications links needed
Changi International Airport is linked to 140 cities in
50 countries, with more than 3,250 weekly flights ferrying
passengers and cargo to and from all parts of the world.
PSA Corporation, the busiest container port in the world,
offers shippers a choice of 200 shipping lines with links
to some 700 ports in 130 countries.
The highly efficient Mass Rapid Transit system provides the
backbone for fast transportation within Singapore.
Currently, broadband network reaches 99 per cent of the population.
International connectivity now stands at 21 Tbps and continues
to expand. The World Economic Forum ranked Singapore among
the top 10 in the world for network readiness in 2002.
There are sprawling industrial estates, compact business
parks, and an island devoted to the chemicals industry. A
research-intensive Biopolis is rapidly taking shape, while
the Tuas Biomedical Park, offering manufacturing space for
biomedical companies, is now in its second phase of development.
Efficient Financial Centre
Singapore has long been a key regional financial centre,
with more than 500 local and foreign financial institutions
offering a wide range of financial products and services.
Every possible form of financial activity performed or needed
by a business is available here. Funding and liquidity needs
are easily met by the local equity and debt capital markets,
and the Asian dollar market.
Singapore is the fourth largest foreign exchange trading
centre in the world, and a growing Asia-Pacific center for
Many global companies have their regional treasury headquarters
here to take advantage of the depth and liquidity of the financial
markets here. Many of Asia's top companies have listed on
the Singapore Exchange (SGX), which is Asia-Pacific's first
de-mutualised and integrated securities and derivatives exchange.
The venture capital industry is well developed, with some
150 fund management companies managing nearly S$16 billion
worth of venture capital funds by the middle of 2003.
Tax Environment – “best
In the latest Singapore 2005 Budget,
the Finance Minister released a comprehensive package
of measures to create a "best for business"
environment that supports foreign talent and investments
and Singapore branches of foreign corporations will
be taxed at a lower 20% from year of assessment 2005,
from the prevailing corporate tax rate of 22%.
A comparison of corporate tax rates
for year of assessment 2005 shows Singapore corporate
income tax rate to rank among the lowest in the Asia