Doing Business in Singapore
Despite being a small island with no natural resources, the government has made all the right moves to encourage growth. As a result, the country boasts an advanced economy driven by transparency and cooperation, and doing business in Singapore is surprisingly easy.
The country is considerably westernised and boasts high living standards. But with a diverse population consisting of Malay, Chinese, Indian and Arab people, expats will need to familiarise themselves with local business culture and etiquette if they want to be successful in Singapore.
Singapore has come first out of 189 countries in the World Bank's Ease of Doing Business Survey for several years in a row, coming first for dealing with construction permits, protecting minority investors, and enforcing contracts. Its lowest ranking is for trading across borders, at 41st.
Business hours are Monday to Friday 9am to 6pm, and sometimes half days on Saturday.