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Singapore is ranked 1st for its ease of doing business in Asia by both The World Bank Group (Economy Rankings: Doing Business, The World Bank Group 2007) and PricewaterhouseCoopers (Cities of opportunity: Business-readiness indicators for the 21st century, PricewaterhouseCoopers 2007). Singapore was also ranked first for being the most cost-competitive place for business by KPMG (KPMG Competitive Alternatives Study 2006).
Singapore’s dynamic economy is fueled by a genuinely open policy towards businesses, making it one of the most business-friendly countries today. It consistently ranks high on global and regional rankings for its attractive corporate tax rates, ease of hiring and well-developed infrastructure.
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The country’s stable political landscape presents an attractive low risk assessment to many international business operations. In fact, Singapore attracts both MNCs and start-ups alike. These businesses have benefited from the highly-skilled workforce, low tax regimes and test bedding opportunities.
For entrepreneurs, the business friendly policies, simple application procedures and even government funding, makes it really easy to register and start a business here.
