The Gateway to ASEAN Market for Expanding Global Business


The Gateway to ASEAN Market for Expanding Global Business

Singapore has a strong economy and it is a prime location for trade and financial companies in Asia. Its proximity to China is a significant advantage for many entrepreneurs and business owners who wish to invest here. Moreover, while it is true that the city-state is primarily a location for financial and trade businesses, its diversified economy presents multiple opportunities for investment.

The top three reasons to invest in Singapore include its proximity to China, its free-trade philosophy and a diversified economy. What’s more, Singapore has a low taxation regime and a number of incentives and advantages are available for companies. There are special tax exemptions and tax incentives available for selected business fields and the Government also uses a Productivity and Innovation Credit Scheme that encourages business to invest in innovation and productivity.

The city-state has a low level of corruption, advanced infrastructure and a highly skilled workforce, comprised of both nationals and expats. Apart from its low corporate tax rates, Singapore also has a low personal income tax rate.

Singapore has put all its economic efforts into attracting foreign direct investments (FDIs) and creating a suitable trade environment. All its strategies have turned Singapore in one of the easiest cities in the world to do business in. Among these strategies, one can find the advantageous loans for foreign investors, the tax incentives and exemptions, the pro-business legislation and the city’s financial stability.

In 2013 Singapore was nominated as the eighth-largest city in the world as a recipient of FDI by the UNCTAD Global Investment Report and the third among Asian countries. The countries investing the most in Singapore are the United States, the Netherlands, and Japan.

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