Economic Overview & Business Opportunities
Singapore is one of the few first-world countries in Asia, with a highly efficient infrastructure, free market economy, a stable socio-political environment, an attractive tax regime and per capita income among the top five nations in the world. The Lion City’s economy was the fastest growing in Asia in 2011, surpassing even China at 14.5%.
At the same time, Singapore has consistently been ranked as the easiest place to set up a company, do business and one of the most competitive economies worldwide by key ranking reports by top institutions like the World Bank and the World Economic Forum. You can easily set up a company in Singapore in just an hour. The main source of revenue is exports of consumer electronics, information technology products, pharmaceuticals, ports and financial services.
Moreover, Singapore is well known as a thriving cosmopolitan city, brimming with diversity of cultures, languages, arts and architecture. One in three persons in the Republic hail from abroad, adding to the nation’s unique blend of different cultures, lifestyles and religions, all coexisting harmoniously.
The city-state is safe and orderly, and is also recognized as one of the cleanest and greenest cities in the world. It has an efficient and affordable public transport system, along with world-class healthcare services. Singapore’s primary, secondary and tertiary educational systems all meet international standards, making it an esteemed education hub and great place to raise a family.
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