Pro business and stable government
Ranked one of the best places in the world for businesses
Financial assistance for small and medium sized local companies
Ruling political party is PAP since 1965
Ease of doing business
Procedure of set up companies is straight forward
Streamlined reporting requirements
Minimal bureaucracy in running business
Accounting Standards
Singapore Financial Reporting Standards (FRS) model closely with International FRS
Political and economic stability
Virtually no strikes, riots and civil unrest
Multiracial and harmonious relations amongst its people
Strong co-operative relationship between Government, unions and employers
Well developed physical infrastructure
Efficient port facilities
Major air hub in Asia Pacific region
State of art telecommunications and banking facilitie
Top international financial centre with free movement of capital
Freedom of repatriation of investment capital and profits
No restrictions on remittances of interest earned by non-residents having accounts with banks operating in Singapore
No restriction on expatriate employment subject to employment pass
Robust legal system
Efficient legal and judicial system
Establishment of Singapore International Arbitration Centre
Competitive tax systems and low tax regime
Extensive range of tax and investment incentives
No capital gains tax and no turnover tax
Double taxation treaties with over 70 countries
Extensive trade links
Regional and bilateral free trade agreements with trading partners
Well developed financial system
A highly developed and well regulated financial centre
Major wealth management centre in Asia, rated “AAA”
More than 700 local and foreign financial institutions
