Singapore is an economically competitive place to do business – and an easy place to start one.
Strong trade and investment makes Singapore the most competitive Asian country (Global Competitiveness Report 2011). The World Bank also ranks the Republic as the world’s easiest place to do business (Doing Business 2011 report).
International companies will find Singapore an attractive city to set up their headquarters in. They can benefit from Singapore’s network of Double Taxation Avoidance Agreements and free-trade agreements, as well as its rigorous intellectual property laws.
Some 26,000 international companies, including over 7,000 MNCs, are headquartered in Singapore. Many international companies also choose to set up their Asian or Asia-Pacific bases here.
Conversely, companies from China and other Asian countries set up offices here to access markets in U.S.A and Europe. The Free Trade Agreements signed between these countries and Singapore make such a move doubly attractive.
Many entreprenuers are also drawn to the relatively low business costs, with prime office rentals costing consistently less than Hong Kong and Tokyo.
The Starting Up section of EnterpriseOne, the official government portal for doing business in Singapore, is an excellent resource for all matters related to setting up a business here.
More information on growing Singapore-based enterprises and international trade can be found at IE Singapore.
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