What is the business environment like?
If advancing your career in an overseas market is at the top of your mind, then look no further than Singapore. With a pro-business government, modern infrastructure and an industrious culture, Singapore offers the ideal work environment for you to grow in your field. This positive business climate allows it to rank number one for ease of doing business in the world year after year.
While seeking potential business ventures or job opportunities, Singapore is the ideal place for foreigners. However, as the case with any country, proper research and planning is required before you decide to pursue a career here as due to the high standard of living here, it could potentially be an expensive place to stay in.
What is the business language?
While seeking potential business ventures or job opportunities, Singapore is the ideal place for foreigners. However, as the case with any country, proper research and planning is required before you decide to pursue a career here as due to the high standard of living here, it could potentially be an expensive place to stay in.
What is the business language?
Communication is key for any business. With English as the official working language, communication in Singapore is very simple in spite of its citizens’ different cultures and races. And speaking of the many different races, public housing, national schools and national service encourage racial harmony to the extent that it has become part of Singapore’s identity thus making it a very favourable place for expatriates to work in.
What is the economic and political stability of the country?
Economic and political stability are yet more attractive aspects of Singapore. Often referred to as the “Switzerland of Asia”, Singapore enjoys high security coupled with a low crime and corruption environment. As a country lacking any natural resources, it has been a base for business since its founding and has come to be recognised as one of the world’s most business-friendly places. Some of the prime growth industries are Education, Biomedical Sciences, Chemicals, Media, Engineering and Info-Communications. A free market economy coupled with low taxes, Singapore is strategically located as the regional hub of South East Asia.
What is the infrastructure of the country like?
Singapore boasts excellent infrastructure and accessibility, being well connected via sea, air and telecommunications to all parts of the world. Singapore Changi Airport serves more than 60 airlines to over 145 cities and has for many successive years been named the world’s best airport. A well-organized and quality land transport system links all parts of the island, making travel within the country extremely quick. The introduction of the EZ-link card – a stored value card that automatically deducts the required travel fare from the user account – is testament to the government’s commitment to make mass transport more efficient.
How are taxes like?
Taxes in Singapore are the most favourable after Hong Kong in Asia. The GST (Goods and Services) tax is at a flat rate of 7%. Income tax rates are at around 15% for mid to high-income earners, or roughly one month of yearly salary.
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