Destinations, Travel tips, Festivals and Public Holidays
Working in Singapore
Global Talent
Apr 7th
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Singapore is ranked 1st for having the best labour force (BERI Labour Force Ranking 2005-2007) and 2nd for the most attractive environment for highly-skilled foreigners (IMD World Competitiveness Yearbook 2005). Foreigners form 30.9% of the city-state’s total employment pool as of December 2006. The expatriate community has always been as visible network, contributing to Singapore’s industries as well as enriching the city’s cultural and culinary offerings. Foreign professionals seeking employment consistently rates Singapore attractive due to the open recruitment policies, low personal taxation and a quality standard of living. |
For more details on tax rates for resident individuals, please refer to the IRAS website.
Singapore was ranked as the most globalised nation by A.T. Kearney/Foreign Policy Magazine Globalisation Index consecutively for two years in 2005 and 2006.
Growth sectors offering career opportunities are as widely varied as chemicals, biomedical sciences, electronics, precision engineering, banking and financial services, infocomm, interactive digital media, healthcare, legal, maritime and tourism.
Business Environment
Apr 7th
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Singapore is ranked 1st for its ease of doing business in Asia by both The World Bank Group (Economy Rankings: Doing Business, The World Bank Group 2007) and PricewaterhouseCoopers (Cities of opportunity: Business-readiness indicators for the 21st century, PricewaterhouseCoopers 2007). Singapore was also ranked first for being the most cost-competitive place for business by KPMG (KPMG Competitive Alternatives Study 2006). Singapore’s dynamic economy is fueled by a genuinely open policy towards businesses, making it one of the most business-friendly countries today. It consistently ranks high on global and regional rankings for its attractive corporate tax rates, ease of hiring and well-developed infrastructure. |
The country’s stable political landscape presents an attractive low risk assessment to many international business operations. In fact, Singapore attracts both MNCs and start-ups alike. These businesses have benefited from the highly-skilled workforce, low tax regimes and test bedding opportunities.
For entrepreneurs, the business friendly policies, simple application procedures and even government funding, makes it really easy to register and start a business here.
