Welcome to Singapore
Introduction About
Singapore
In the heart of Asia lies Singapore
– a bustling, world-class city state that has made waves around the world for
its business excellence, connectivity to the world and its innovation.
Singapore has been consistently acknowledged as a global business hub – one that features developed infrastructure, political stability, open business policies, a skilled workforce, the use of English as the main working language and respect for intellectual property rights. To date, more than 7,000 multinational companies have set up bases in Singapore, next to 100,000 small and medium enterprises. Business owners all over the world regard Singapore as an ideal location to grow their businesses, with many of them using the country as a springboard to tap into other emerging markets in Asia.
Besides being ranked by Doing Business 2009 (an annual report by the World Bank Group which compares business regulations in 181 countries) as the world’s easiest place to do business, Singapore has, among its many accolades, the top ranking in the 2008-2009 Global Competitiveness Report by the World Economic Forum as being the most competitive economy in Asia, and was also ranked by the Worldwide Quality of Living Index 2007 (by Mercer Human Resource Consulting) as the top Asian country for its quality of life.
Global talent accounts for about 30% of the workforce, attracted by open recruitment policies, low personal taxation, a meritocratic society that embraces diversity, and a high quality of life in a cosmopolitan environment.
This introduction is an article extracted from Contact Singapore in Oct 2010.
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