Singapore is a city state located at the southern tip of the Malaysian Peninsular with a population of approximately 4.8 million. It is known as one of the four ‘Asian Tigers’ and is the major centre for business and trade within the region.
The official business language in Singapore is English but Mandarin and Malay are also widely spoken. The work force is well educated and hard working with a high level of expertise. Singapore is one of the leading international financial centers in the region and offshore investors will find most of the major banks present along with numerous financial institutions, investment management companies and accounting and legal firms.
The single ruling party since independence in 1965 is the People’s Action Party. the government effectively plans and manages the social and economic development of the country resulting in Singapore becoming one of the most politically stable and corruption free countries in the world.
In 2006 a study by KPMG rated Singapore as one of the most competitive business locations amongst industrialized countries in the world. The World Bank’s ‘Doing Business 2011′ study has also recently concluded that Singapore is the best country in which to run a business. The study rates 183 countries on the ease of which they allow firms to operate using criteria such as how easy it is to start a business, get credit etc.
Incorporating a company in Singapore can provide a tax efficient corporate structure in order to conduct international business. For more information on creating an company in Singapore, please refer to our Key Benefits page or Contact Us to receive a copy of our Corporate Information Summary.