The Ultimate Guide to Singapore

#1 Best business environment in the Asia Pacific and the world: Business Environment Rankings

#1 in the Asia Pacific and #5 in the world for Best global innovation

#1 in achieving human capital (knowledge, skills, and health) in the world

#1 in Asia for effective governance and enforcement of rule of law

#2 in the world for the easiest place to do business

#4 in the world for the least corrupt economy

Strategic location

Apart from ‘Small Red Dot’, Singapore is also known as the gateway to Asia. Located in the central of Asia’s market and a short plane ride away from Southeast Asian countries, there are plenty of business opportunities to do business with these countries.

Ease of company in corporation

Tired of constantly having to do paperwork and procedures just to set up a business? In Singapore, there are no frills and it’s a straightforward process when it comes to incorporating a company.

Complete company ownership

Do you want to have full control over your own company? Any foreigner in Singapore can set up their very own company without a Singapore partner! This way, you can decide on the capital structure that best suits the business.

Low corporate tax & Personal Income Tax

Nobody likes to be taxed at exorbitant rates and hence, Singapore has capped its corporate tax rate at 17% which acts as an extremely attractive proposition for any business owners!

For personal income tax, it is dependent on your tax residency status and your chargeable income. If you are a foreigner who stayed/ worked in Singapore for more than 183 days, you will be treated as a tax resident in Singapore for a particular year and the highest personal income tax rate will be placed at 22%.

Multi-cultural society

Communication is an extremely important factor when it comes to doing business with customers. With a diverse mix of races and religions in Singapore, adapting to the city-state should be seamless.

Transmission of conventional knowledge

Worksheets, textbooks, mastery, and understanding of processes and procedures are well emphasised on in all Singapore schools.

Emotional and social support

In every Singapore school, there will be at least a school counsellor that works closely with the management of the school to ensure the wellbeing of students. Counsellors are able to identify students who are at high risk in emotional and social areas and provide the necessary support.

Well-trained and best-in-class teachers

Every teacher in Singapore must be trained in the National Institute of Education (NIE)before being qualified as a teacher. Trainings in the NIE are specially provided for the specific subjects that the individual wishes to go for and it emphasizes on the mastery of that subject’s content.

Mount Elizabeth Hospital – https://www.mountelizabeth.com.sg/

Singapore General Hospital – https://www.sgh.com.sg/

National University Hospital – http://www.nuh.com.sg/Pages/Home.aspx

Raffles Hospital – https://www.rafflesmedicalgroup.com/

Prescription Medicine

These medicines require a doctor’s or professional’s prescriptions before the issuing of them, otherwise it would be considered illegal.

Pharmacy Medication

These medications are available only at certain drug stores and can be sold only by qualified pharmacists.

General Sales Medication

These medications can be seen/bought everywhere including retail stores such as ‘Watsons’ or ‘Guardians’