Singapore

Singapore has continuously ranked first in Mercer’s Quality of Living Assessment, a recognized survey that evaluates the finest worldwide cities with the highest living standards based on personal safety, security, political stability, and long-term economic growth. With its multi-racial and multi-cultural society, it has become a world-class destination. Singapore is a city-state with a diverse range of cultures coexisting peacefully in a well-organized community.

The Singaporean government has worked hard over the last two decades to acquire top talent and extraordinary human capital to help the country’s economy flourish. However, the government has raised the conditions for entering talent and delayed the number of employment passes and permanent residence approvals in recent years.

With an open economy based strongly in commerce, manufacturing, and financial services, Singapore has one of the most successful and highly developed economies in Asia and around the world. Singapore has a greater per capita GDP than other developed countries.

Singapore has one of the most stable political environments in the area among its neighbors. Singapore’s clean and corruption-free image, as well as its transparent and efficient bureaucracy, attracts foreign investment.

With a remarkable literacy rate of over 90% and a rising share of highly educated professionals, Singapore has a competitive and highly qualified workforce. Singapore’s tax policy is well-known around the world. Among other perfect tax advantages, investors and entrepreneurs are continually lured by its attractive tax rates, tax relief measures, no capital gains tax policy, and network of avoidance of Double Tax Agreements (DTAs).