{"id":2620,"date":"2020-06-08T03:06:42","date_gmt":"2020-06-08T03:06:42","guid":{"rendered":"https:\/\/www.one-visa.com\/?page_id=2620"},"modified":"2026-01-12T21:15:21","modified_gmt":"2026-01-12T13:15:21","slug":"%e3%82%b7%e3%83%b3%e3%82%ac%e3%83%9d%e3%83%bc%e3%83%ab%e7%b5%8c%e6%b8%88","status":"publish","type":"page","link":"https:\/\/www.one-visa.com\/ja\/singapore-visa-resources\/economy-of-singapore\/","title":{"rendered":"\u30b7\u30f3\u30ac\u30dd\u30fc\u30eb\u306e\u7d4c\u6e08\u30b7\u30f3\u30ac\u30dd\u30fc\u30eb\u306b\u79fb\u4f4f\u3059\u308b\u7406\u7531"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2620\" class=\"elementor elementor-2620\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-fe3d4e9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"fe3d4e9\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ff06509\" data-id=\"ff06509\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0820eb2 elementor-widget elementor-widget-heading\" data-id=\"0820eb2\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"top\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">The Economy of Singapore:<br> Why move to Singapore?<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4fd60d8 elementor-share-buttons--view-icon elementor-share-buttons--skin-flat elementor-share-buttons--shape-circle elementor-grid-0 elementor-share-buttons--color-official elementor-widget elementor-widget-share-buttons\" data-id=\"4fd60d8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"share-buttons.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-grid\" role=\"list\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\" role=\"listitem\">\n\t\t\t\t\t\t<div class=\"elementor-share-btn elementor-share-btn_facebook\" role=\"button\" tabindex=\"0\" aria-label=\"Share on facebook\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-facebook\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M504 256C504 119 393 8 256 8S8 119 8 256c0 123.78 90.69 226.38 209.25 245V327.69h-63V256h63v-54.64c0-62.15 37-96.48 93.67-96.48 27.14 0 55.52 4.84 55.52 4.84v61h-31.28c-30.8 0-40.41 19.12-40.41 38.73V256h68.78l-11 71.69h-57.78V501C413.31 482.38 504 379.78 504 256z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\" role=\"listitem\">\n\t\t\t\t\t\t<div class=\"elementor-share-btn elementor-share-btn_twitter\" role=\"button\" tabindex=\"0\" aria-label=\"Share on twitter\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-twitter\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M459.37 151.716c.325 4.548.325 9.097.325 13.645 0 138.72-105.583 298.558-298.558 298.558-59.452 0-114.68-17.219-161.137-47.106 8.447.974 16.568 1.299 25.34 1.299 49.055 0 94.213-16.568 130.274-44.832-46.132-.975-84.792-31.188-98.112-72.772 6.498.974 12.995 1.624 19.818 1.624 9.421 0 18.843-1.3 27.614-3.573-48.081-9.747-84.143-51.98-84.143-102.985v-1.299c13.969 7.797 30.214 12.67 47.431 13.319-28.264-18.843-46.781-51.005-46.781-87.391 0-19.492 5.197-37.36 14.294-52.954 51.655 63.675 129.3 105.258 216.365 109.807-1.624-7.797-2.599-15.918-2.599-24.04 0-57.828 46.782-104.934 104.934-104.934 30.213 0 57.502 12.67 76.67 33.137 23.715-4.548 46.456-13.32 66.599-25.34-7.798 24.366-24.366 44.833-46.132 57.827 21.117-2.273 41.584-8.122 60.426-16.243-14.292 20.791-32.161 39.308-52.628 54.253z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-grid-item\" role=\"listitem\">\n\t\t\t\t\t\t<div class=\"elementor-share-btn elementor-share-btn_linkedin\" role=\"button\" tabindex=\"0\" aria-label=\"Share on linkedin\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-share-btn__icon\">\n\t\t\t\t\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fab-linkedin\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 32H31.9C14.3 32 0 46.5 0 64.3v383.4C0 465.5 14.3 480 31.9 480H416c17.6 0 32-14.5 32-32.3V64.3c0-17.8-14.4-32.3-32-32.3zM135.4 416H69V202.2h66.5V416zm-33.2-243c-21.3 0-38.5-17.3-38.5-38.5S80.9 96 102.2 96c21.2 0 38.5 17.3 38.5 38.5 0 21.3-17.2 38.5-38.5 38.5zm282.1 243h-66.4V312c0-24.8-.5-56.7-34.5-56.7-34.6 0-39.9 27-39.9 54.9V416h-66.4V202.2h63.7v29.2h.9c8.9-16.8 30.6-34.5 62.9-34.5 67.2 0 79.7 44.3 79.7 101.9V416z\"><\/path><\/svg>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8dc1d9d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8dc1d9d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-ac829e2\" data-id=\"ac829e2\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-051f5d7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"051f5d7\" data-element_type=\"section\" data-e-type=\"section\" id=\"sticky-sidebar\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-f44d7de\" data-id=\"f44d7de\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-88c3583 elementor-widget elementor-widget-heading\" data-id=\"88c3583\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The Economy of Singapore<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b6edf79 elementor-widget elementor-widget-heading\" data-id=\"b6edf79\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Quick Links<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-41fb4af elementor-align-start elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"41fb4af\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"#id1\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<i class=\"fa fa-angle-right\" aria-hidden=\"true\"><\/i>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Features of Singapore\u2019s Economy<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"#id2\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<i class=\"fa fa-angle-right\" aria-hidden=\"true\"><\/i>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Trade-driven economy\u200b<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"#id3\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<i class=\"fa fa-angle-right\" aria-hidden=\"true\"><\/i>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Constant investment flow\u200b<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"#id4\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<i class=\"fa fa-angle-right\" aria-hidden=\"true\"><\/i>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Financial expert\u200b<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"#id5\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<i class=\"fa fa-angle-right\" aria-hidden=\"true\"><\/i>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Less reliance on foreigners\u200b<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"#id6\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<i class=\"fa fa-angle-right\" aria-hidden=\"true\"><\/i>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Legacy and political landscape\u200b<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"#id7\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<i class=\"fa fa-angle-right\" aria-hidden=\"true\"><\/i>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Creative &amp; innovative approach\u200b<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"#id8\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<i class=\"fa fa-angle-right\" aria-hidden=\"true\"><\/i>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Personal savings\u200b<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"#id9\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<i class=\"fa fa-angle-right\" aria-hidden=\"true\"><\/i>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Advantages of Setting up Business in Singapore<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"#id10\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<i class=\"fa fa-angle-right\" aria-hidden=\"true\"><\/i>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Low taxes<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-b768ec7\" data-id=\"b768ec7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-44a3b09 elementor-widget elementor-widget-text-editor\" data-id=\"44a3b09\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>A tiny dot in Asia Pacific between the South China Sea and the Indian Ocean has managed to make a giant leap from the third world right into the highest global economic rankings since obtaining its independence from the UK in 1963. For incredibly powerful zeal for progress and rapid investment transformation shown in the 1980s and mid-1990s, the Singaporean economy was called a \u201ctiger\u201d. Today, it is one of the wealthiest nations of the world: Singapore has 3rd largest GDP (PPP) per capita on the planet (according to International Monetary Fund and the World Bank, 2014). Being pro-business, honestly governed, and the least corrupt in Asia, Singapore boasts the world\u2019s highest investment potential that turned it into a competitive global\u00a0business hub.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f5234cc elementor-widget elementor-widget-text-editor\" data-id=\"f5234cc\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"1\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<a name=\"id1\"><\/a>\n<h4><b>Features of Singapore\u2019s Economy<\/b><\/h4>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-df99098 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"df99098\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-c38ee2b\" data-id=\"c38ee2b\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ad31d36 elementor-widget elementor-widget-heading\" data-id=\"ad31d36\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a name=\"id2\"><\/a>\nTrade-driven economy<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-95ea504 elementor-widget elementor-widget-text-editor\" data-id=\"95ea504\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>For decades, the country has been an active and reliable exporter of chemicals, electronics, petroleum products, transport equipment, telecommunication hardware, and food; however, in the new century, it has reconsidered its priorities and opportunities and switched over also to development and research, finances, health care, and biomedicine. With its low taxes and open trade practice, the country has won the loyalty of global investors and turned into a vigorous start-up hub.<\/p><p>Singapore has over 20 \u201cFree Trade\u201d bilateral agreements with its strategic trade partners including its former Metropolitan State (the UK) and the European Union. The country boasts the world\u2019s highest \u201ctrade-to-GDP\u201d ratio which was 4 to 1 in 2011. In 2014, Singapore\u2019s trade totalled 982 billion SGD. Malaysia is the biggest trading partner and import source for Singapore. Other active trade partners are China, Indonesia, Japan, Hong Kong, South Korea, the US, and the EU.<\/p><p>Singapore is an active participant in the entrepot trade: it buys raw materials, refines them, and re-exports. Singapore is a perfect business destination for environmental companies as it is Asia\u2019s leader in water fabrication: it already has over 180 companies that specialize in water and invests in innovation in water desalination and developing more effective sewerage systems. Another entrepot activity Singapore is the Asia\u2019s leader in is oil refining. The country already has huge facilities for storing oil and aims at expanding them in the near future.<\/p><p>Singapore is famous for very simple scheme of documentation in relation to trade. Singapore customs uses electronic system called Tradexchange for handling export and import papers.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-bcef771 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bcef771\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-463e176\" data-id=\"463e176\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-feb5b68 elementor-widget elementor-widget-heading\" data-id=\"feb5b68\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a name=\"id3\"><\/a>\nConstant investment flow<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9300925 elementor-widget elementor-widget-text-editor\" data-id=\"9300925\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Despite the high cost of living, Singapore attracts more and more investments. The US remains Singapore\u2019s main investor in such sectors as electronics, chemicals, and oil refining. In 1999, the total investment of the U.S. companies reached 20 billion USD. Over 3 thousand international corporations were lured to Singapore by its low taxes, low corruption rates, and effective infrastructure. Singapore actively invests in China, Malaysia, Hong Kong, and even the U.S.<\/p><p>The government takes a leading investment position itself: it owns 2 sovereign wealth funds (Temasek Holdings and GIC Pte Ltd) which initially had been intended for managing strategic sectors of economy (public transport, media, shipping, banking, defence, airport and so on), but later were reoriented to commercial activity. Government-owned enterprises operate under the same conditions as private companies and enjoy no particular privileges. In 2014, Temasek held over 69 billion SGD of Singapore\u2019s assets.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-ab12021 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ab12021\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-ffef643\" data-id=\"ffef643\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1267816 elementor-widget elementor-widget-heading\" data-id=\"1267816\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a name=\"id4\"><\/a>\nFinancial expert<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8badc4c elementor-widget elementor-widget-text-editor\" data-id=\"8badc4c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\tSingapore gets the quarter of its GDP from providing professional financial services such as insurance, reinsurance, wealth and asset management, foreign exchange, trading, arbitration, and so on. Singapore is a powerful banking hub of the Asia Pacific region and the Asia\u2019s 3rd biggest Financial Centre that is home to 117 foreign banking institutions. Singapore provides various competitive banking services from consumer credits to insurance and investment operations. For faithfulness to interests of its high-net-worth clients, Singapore has deserved the nickname \u201cthe Switzerland of Asia\u201d: it hasn\u2019t signed the EU Tax Directive (2005) which would oblige it to disclose private information about its investors\/depositors.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-8d696f0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8d696f0\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-51e7e4b\" data-id=\"51e7e4b\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-180b438 elementor-widget elementor-widget-heading\" data-id=\"180b438\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a name=\"id5\"><\/a>\nLess reliance on foreigners<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-24c7bed elementor-widget elementor-widget-text-editor\" data-id=\"24c7bed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Singapore has been relying on foreign manpower for long decades, but today the government makes hard though reasonable efforts to reduce such dependence by enhancing productivity. Policies that regulate the employment of foreigners have become tougher, and some working visas (like the\u00a0<a href=\"https:\/\/www.one-visa.com\/services\/singapore-visa\/s-pass\/\">S Pass<\/a>\u00a0or\u00a0<a href=\"https:\/\/www.one-visa.com\/services\/singapore-visa\/singapore-work-permit\/\">Work Permit<\/a>) now have a quota and mandatory levy for every foreign employee. The Ministry of Manpower has become pickier in giving work passes and constantly increases the salary benchmark as well as other salary-dependent criteria.<\/p><p>The government stakes on the local manpower that is well-educated and motivated. The country\u2019s priority is to build up a knowledge-driven and competitive economy, boost expertise of local manpower and keep it prepared for the challenges of today\u2019s economy. For this purpose, the government welcomes the most professional foreigners who are able to share competitive knowledge. A 3-subclass working visa was developed for foreign talents \u2013 the\u00a0<a href=\"https:\/\/www.one-visa.com\/services\/singapore-visa\/employment-pass\/\">Employment Pass<\/a>. Mandatory requirements for getting this visa are: being hired by the Singapore-based company for the salary that corresponds with the professional level (but isn\u2019t lower than 3,300 SGD) and possessing valuable knowledge and skills the Singapore economy has a need in.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-2a65eef elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2a65eef\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-9121c39\" data-id=\"9121c39\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-454049f elementor-widget elementor-widget-heading\" data-id=\"454049f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a name=\"id6\"><\/a>\nLegacy and political landscape<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e7f5026 elementor-widget elementor-widget-text-editor\" data-id=\"e7f5026\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Singapore has a very stable political climate. Imagine the country governed by the same political party (People\u2019s Action Party) since 1959 and the country that is open, business-friendly, and well-developed in the same time. The lever of trust to the government and the Parliament is very high, and such steadiness attracts\u00a0foreign investments. The authorities, in their turn, are faithful to business-friendly trade and economic policies and show business a tangible support in the form of co-investment initiatives and comfortable taxes.<\/p><p>Singapore has a very strong enforcement of law, but all regulations are transparent and just. Singapore\u2019s legal system is based on statements of British common law. The country has the lowest crime and corruption rates in Asia, and dealing with the authority is a pleasure here, of course, if you don\u2019t violate the law. Foreign businesses benefit from professional dispute resolutions and the Asia\u2019s best (#2 in the world) protection of intellectual property.<\/p><p>In some cases, the legal ambience may be quite stifling for immigrants from western countries especially when it comes to bans which are taken very seriously (for example, you can be fined for not flushing the toilet after use).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1e7bc12 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1e7bc12\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-ab7ed3b\" data-id=\"ab7ed3b\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3fe6731 elementor-widget elementor-widget-heading\" data-id=\"3fe6731\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a name=\"id7\"><\/a>\nCreative &amp; innovative approach<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d2a7d28 elementor-widget elementor-widget-text-editor\" data-id=\"d2a7d28\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Creativeness isn\u2019t the strongest native feature of the Singaporeans, and, therefore, the government consciously pampers it in economy in order to stay competitive globally. Singapore is all about bold experiments and innovations; that is why, it has managed to create highly competitive and successful systems that are said to be hardly applicable somewhere else such as, for example, the\u00a0<a href=\"https:\/\/www.one-visa.com\/health-insurance\">healthcare<\/a>. Singapore invests in creative environmental design and architecture (and its main attractions are legendary indeed), mass media, visual communications, fashion and software design, IP protection, and content in order to be iconic in the whole Asia Pacific region.<\/p><p>Singapore tests and applies the newest technologies in biomedical science. Being the 6th in the world for effectiveness, Singapore\u2019s healthcare system attracts thousands of medical tourists pursuing effective treatment every year. In the same time, the country\u2019s annual expenditure for healthcare is among the lowest in the \u201cfirst world\u201d: only 3.9% (for comparison, it is over 8% in the US, and 7.6% in the UK). In the research sector, Singaporean clinics collaborate with world-class medical centres such as Massachusetts General Hospital or Pennsylvania University Medical Centre.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-3f79116 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3f79116\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-6febac1\" data-id=\"6febac1\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-349322c elementor-widget elementor-widget-heading\" data-id=\"349322c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a name=\"id8\"><\/a>\nPersonal savings<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e80f096 elementor-widget elementor-widget-text-editor\" data-id=\"e80f096\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Singapore shortens its expenditure on retirement and healthcare by motivating the citizens to make their own savings. The national Central Provident Fund enables employed individuals to make savings through mandatory monthly contributions (usually 7 to 9% of the salary) to their personal accounts in the Fund. The fund has 3 \u201cpockets\u201d: Medisave (for healthcare and retirement), MediShield (insurance), and MediFund (extra needs).<\/p><p>Based on the amount of money accumulated, individuals can cure themselves and their dependents (relatives) choosing the comfortable amount of the governmental subsidy. It doesn\u2019t, however, mean that individuals can get medical services for free: even if they undergo treatment in public facilities, they must pay a certain percentage of the cost from their pockets. Such approach protects public facilities from over-use and promotes healthy lifestyle that results from understanding of personal financial responsibility for one\u2019s health.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-45e49e3 elementor-widget elementor-widget-text-editor\" data-id=\"45e49e3\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"2\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<a name=\"id9\"><\/a>\n<h4><b>Advantages of Setting up Business in Singapore<\/b><\/h4>\n<h5><b>Ease of running business<\/b><\/h5>\nSG is praised as the easiest place to start and run a business according to the World\u2019s Bank report (2014). The government simplified the procedure of registering a new company (today it takes only a single day to get your Singapore-based firm registered) and introduced beneficial conditions for foreign stakeholders: the minimum share capital that allows foreigners to set up a private limited company is only 1 Singaporean dollar while the percentage of foreign shareholding isn\u2019t restricted (it can be up to 100% foreign).\n\nMost companies\u00a0incorporated in Singapore\u00a0are registered as private limited companies: their shareholders have a liability that is limited to the paid-up capital formed in the very beginning. This\u00a0form of business\u00a0protects personal assets of shareholders in case of the company\u2019s debts or legal issues and provides the widest possible opportunities in expanding, buying property, receiving loans, investing, and changing the ownership. As the private limited company is preferred by the Singapore government, the latter offers significant tax incentives and rebates that allow to dramatically reduce the\u00a0corporate tax\u00a0rate.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d1740ec elementor-widget elementor-widget-text-editor\" data-id=\"d1740ec\" data-element_type=\"widget\" data-e-type=\"widget\" id=\"3\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><a name=\"id10\"><\/a><\/p><h4><b>Low taxes<\/b><\/h4><p>To attract more investments, Singapore keeps its\u00a0taxes\u00a0business-friendly. The country has one of the world\u2019s lowest corporate tax rates \u2013 17%. But even this number remains mainly on the paper as new companies are privileged with various tax rebates and incentives during first years of their activity: they can earn their first 100k SGD tax-free, and pay only 50% of the corporate tax for the next 200k SGD of revenue.<\/p><p>Singapore\u2019s personal income tax is also among the planet\u2019s lowest: the rate gradually rises from 0% and is capped at 20 per cent for revenues of over 320k SGD. Taxing of individuals\u2019 incomes also depends on whether these individuals are tax residents in Singapore or not. To be considered a tax resident (and to be taxed as a local), the foreigner must stay\/work in Singapore for 183 days a year or more. Those who stay less are taxed at the flat rate of 15%.<\/p><p>The GST (VAT) is set on the level of 7% in Singapore which is one of the planet\u2019s lowest rates. Foreign entrepreneurs who set up businesses in Singapore shouldn\u2019t be afraid of double taxation as Singapore has signed agreements of avoiding double taxation with many countries of the world. Also, Singapore doesn\u2019t impose capital gain and dividend taxes. Since the gain was taxed on the level of corporation, shareholders can enjoy their dividends tax-free. Such things as death and inheritance taxes don\u2019t exist here as well.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-5df8ba2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5df8ba2\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-86646a6\" data-id=\"86646a6\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-49c67f2 elementor-widget elementor-widget-heading\" data-id=\"49c67f2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Business speaks English here<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9226ceb elementor-widget elementor-widget-text-editor\" data-id=\"9226ceb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>English is the official language of economic and business regulations in Singapore which eases dealings with major developed economies of the world. Well-educated and English-speaking local manpower gives tremendous opportunities for business growth.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-f3d4128\" data-id=\"f3d4128\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-95e9bc8 elementor-widget elementor-widget-heading\" data-id=\"95e9bc8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Motivated and educated local staff<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ce34a55 elementor-widget elementor-widget-text-editor\" data-id=\"ce34a55\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Singapore treats education as strategic and spends lots of money on keeping its local manpower trained and competitive. The country plans to double its spending on post-graduate education to over 1 billion SGD yearly.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-c9ccea0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c9ccea0\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-131e7fb\" data-id=\"131e7fb\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-26a81bf elementor-widget elementor-widget-heading\" data-id=\"26a81bf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Top-notch infrastructure<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4616bee elementor-widget elementor-widget-text-editor\" data-id=\"4616bee\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Singapore\u2019s infrastructure sector is where the country\u2019s passion for innovations is seen. The state isn\u2019t sparing of money and lavishly invests in infrastructure treating it as one of the most important sectors of excellence. By 2020, Singapore plans to increase its investment in infrastructure by 50 per cent. Singapore invests not only in better roads and vehicles, but also in managing light and wastes, building roads for innovative autonomous cars and developing mobile applications to improve communication between providers of public services and consumers.<\/p><p>The public transport (most of the Singaporeans use) is reliable, safe and maintained scrupulously clean. The Mass Rapid Transit (MRT) that connects all parts of Singapore is kept constantly updated. By 2030, it is planned to extend its length to 360km and redesign it by 2020.<\/p><p>The Singapore\u2019s boldest and most innovative infrastructure project is its Changi Airport which was highlighted as the best airport on our planet for several years running. It serves businesses from all over the world by connecting Singapore with over 110 destinations in Asia Pacific and more than 300 airports worldwide. Singapore takes pride in the airport and invests lots of funds in realising lots of innovative projects inside it in order to over-meet the visitors\u2019 expectations: garden-style interior, spectacular design, and comfortable facilities (a swimming pool, free cinema, and the 12-meter high slide). All its terminals are being constantly renovated and expanded for better convenience.<\/p><p>Singapore also boasts the world\u2019s 2nd busiest maritime port which eases trading in the East-Asian region. The Singaporean port is the planet\u2019s busiest trans-shipment port: it trans-ships the 5th part of the planet\u2019s shipping containers. Having 67 berths, the port connects Singapore businesses with over 600 ports (in over 120 countries) worldwide. Having a well-developed port is a necessity for tiny Singapore that lacks land and, therefore, natural resources.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1a0108a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1a0108a\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-6f21044\" data-id=\"6f21044\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1bbb46d elementor-widget elementor-widget-heading\" data-id=\"1bbb46d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Centralised location<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-65d6dc5 elementor-widget elementor-widget-text-editor\" data-id=\"65d6dc5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>Singapore\u2019s location in the spot where western and eastern shipping lanes intersect that gives an easy access to almost 50% of world\u2019s population is very winning in the terms of\u00a0doing business\u00a0and building up the company\u2019s presence.<\/p><p>Singapore is associated with the economic region ASEAN (South East Asian Nations) which is much larger than the EU and is home to over 620 millions of Asians. And Singapore takes the leading position on this huge and highly-promising Asian market. That is why world\u2019s major retailers and influential holdings strive to have a shop in Singapore or open\u00a0subsidiaries, representative offices and branches here. Huge \u201cMetropolitan\u201d businesses (such as Rolls-Royce, Barclays, Shell, Standard Chartered etc.) has already appreciated economic benefits of Singapore and moved their regional businesses there.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-2ee6e2f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2ee6e2f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-4c94dca\" data-id=\"4c94dca\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b6ef6fa elementor-widget elementor-widget-heading\" data-id=\"b6ef6fa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">High creditworthiness<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0cade3e elementor-widget elementor-widget-text-editor\" data-id=\"0cade3e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>3 major credit rating agencies (Standard &amp; Poor&#8217;s, Fitch, and Moody&#8217;s) gave Singapore their highest AAA ratings. It means that they evaluated the creditworthiness of the Singaporeans and Singapore corporations as very high.<\/p><p>Singapore is an open economy, and therefore reflects all trends of global trade as a mirror. Thus, this feature makes it vulnerable to global downturns. For example, sluggish processes in global economy in 2013\/14 impacted the GDP\u2019s ups and downs in Singapore. In steadier conditions, Singapore\u2019s GDP is expected to grow by 3-4% yearly. Today, it\u2019s the 36th in the world: over 307 billion USD, which is huge for a tiny country. Its GDP per capita (over 56k USD) is more than that of Singapore\u2019s former Metropolitan State (the UK).<\/p><p>The Singaporean economy is a rare combination of hardworking and devoted manpower, wise resource management, business zeal, and government-initiated innovativeness and investments. Like a tiger, Singapore\u2019s economy managed to make a huge leap from the third world to the first one in less than half a century polishing its top-notch business and trade standards and turning into the centre of global excellence in everything it does.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c1c0d07 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c1c0d07\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1d757e5\" data-id=\"1d757e5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cdf47c2 elementor-widget elementor-widget-html\" data-id=\"cdf47c2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t<style>\r\n  @media (min-width: 1024px) {\r\n    #sticky-sidebar {\r\n      position: sticky;\r\n      top: 0;\r\n    }\r\n    #sticky-sidebar .elementor-heading-title {\r\n      display: none;\r\n    }\r\n    #sticky-sidebar.active .elementor-heading-title {\r\n      display: block;\r\n    }\r\n    .admin-bar #sticky-sidebar {\r\n      position: sticky;\r\n      top: 32px;\r\n    }\r\n  }\r\n  .elementor-icon-list-item a.active .elementor-icon-list-text {\r\n    color: #af3231!important;\r\n  }\r\n<\/style>\r\n<script>\r\nfunction scrollMenu () {\r\n  var scrollOffset=50;\r\n  var $sidebar = jQuery('#sticky-sidebar');\r\n  var $links = jQuery('#sticky-sidebar .elementor-icon-list-item a');\r\n\r\n  var to = function (name) {\r\n    jQuery('html, body').animate({scrollTop: jQuery(\"a[name=\"+name+\"]\").offset().top+scrollOffset}, 300);\r\n  }\r\n  function throttle(func, wait, options) {\r\n    var context, args, result;\r\n    var timeout = null;\r\n    var previous = 0;\r\n    if (!options) options = {};\r\n    var later = function() {\r\n      previous = options.leading === false ? 0 : Date.now();\r\n      timeout = null;\r\n      result = func.apply(context, args);\r\n      if (!timeout) context = args = null;\r\n    };\r\n    return function() {\r\n      var now = Date.now();\r\n      if (!previous && options.leading === false) previous = now;\r\n      var remaining = wait - (now - previous);\r\n      context = this;\r\n      args = arguments;\r\n      if (remaining <= 0 || remaining > wait) {\r\n        if (timeout) {\r\n          clearTimeout(timeout);\r\n          timeout = null;\r\n        }\r\n        previous = now;\r\n        result = func.apply(context, args);\r\n        if (!timeout) context = args = null;\r\n      } else if (!timeout && options.trailing !== false) {\r\n        timeout = setTimeout(later, remaining);\r\n      }\r\n      return result;\r\n    };\r\n  };\r\n  var handleScroll = throttle(function () {\r\n    var fromTop = window.scrollY;\r\n    function getStickyActiveOffset () {\r\n      var htmlTOp = parseInt(jQuery('html').css('marginTop'),10);\r\n      var header = jQuery('.elementor-location-header').outerHeight();\r\n      var banner = jQuery('.page-content .elementor .elementor-section-wrap > .elementor-element:first-child').outerHeight();\r\n      var total = htmlTOp+header+banner+30;      \r\n      return total;\r\n    }\r\n    var stickyActiveOffset = getStickyActiveOffset();\r\n\r\n\r\n    if (fromTop > stickyActiveOffset) {\r\n      $sidebar.addClass('active');\r\n    } else {\r\n      $sidebar.removeClass('active');\r\n    }\r\n    let activeIndex = -1\r\n    $links.each(function(i,link)  {\r\n      var name = jQuery(link).attr('href').replace('#','');\r\n      var section = jQuery(\"a[name=\"+name+\"]\").closest('.elementor-element');\r\n      if (section !== null) {\r\n        if (section[0].offsetTop+stickyActiveOffset <= fromTop + scrollOffset &&\r\n            section[0].offsetTop + section[0].offsetHeight+stickyActiveOffset > fromTop + scrollOffset) {\r\n          activeIndex = i;\r\n        }\r\n      }\r\n    })\r\n\r\n    $links.removeClass('active');\r\n    if(activeIndex>-1) {\r\n      $links.eq(activeIndex).addClass('active');\r\n    }\r\n  }, 100);\r\n  $links.each(function (i,link) {\r\n    var name = jQuery(link).attr('href').replace('#','');\r\n    jQuery(link).on('click',function (e) {\r\n      e.preventDefault();\r\n      jQuery('html, body').animate({scrollTop: jQuery(\"a[name=\"+name+\"]\").closest('.elementor-element').offset().top-scrollOffset}, 300);\r\n    })\r\n  })\r\n  handleScroll();\r\n  jQuery(window).on('scroll',handleScroll);\r\n}\r\nscrollMenu();\r\n<\/script>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The Economy of Singapore: Why move to Singapore? The Economy of Singapore Quick Links Features of Singapore\u2019s Economy Trade-driven economy\u200b Constant investment flow\u200b Financial expert\u200b Less reliance on foreigners\u200b Legacy and political landscape\u200b Creative &amp; innovative approach\u200b Personal savings\u200b Advantages of Setting up Business in Singapore Low taxes A tiny dot in Asia Pacific between the South China Sea and the Indian Ocean has managed to make a giant leap from the third world right into the highest global economic rankings since obtaining its independence from the UK in 1963. For incredibly powerful zeal for progress and rapid investment transformation shown in the 1980s and mid-1990s, the Singaporean economy was [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":2603,"parent":1286,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2620","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Economy of Singapore: Why move to Singapore? | One Visa<\/title>\n<meta name=\"description\" content=\"Learn more about the Economy of Singapore and why yo should move to Singapore for business opportunities.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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