Resilient and stable economy
Singapore remains one of the world’s strongest economies, despite global economic crises. Our political stability, low corruption rates and transparent public institutions makes us a trusted partner for businesses.
Our sound monetary and fiscal policies, together with a robust judicial system, leads to a low-risk economy, making Singapore an ideal place to set up your business.
Healthy economic growth
As a result of implementing pro-business policies to keep pace with global developments, Singapore has emerged as one of the world’s most advanced economies in just five decades. Our gross domestic product (GDP) per capita is one of the highest in Asia.
High employment rate
With an agile, adaptable and highly motivated workforce, Singapore has a consistently high employment rate.
Other factors like talent development, a top-notch education system and nationwide skills development initiatives also ensure that our people keep up with changes in the global economy.
Strong investor confidence
Singapore receives more foreign direct investment (FDI) than most of the world’s developed economies, accounting for more than 10% of total FDI inflows to Asia.
With access to global capital and low levels of risk, businesses can be confident in the potential growth of their investments.
Tax incentives for Singapore businesses
The Singapore government constantly introduces new tax incentive schemes to promote entrepreneurship for new start-ups as well as to grow our local enterprises and assist them in their expansion.
Its pro-business policies, ease of doing business and efficient tax regime are key reasons for its success as a dominant regional start-up hub.