Doing Business in Singapore

Expats will find doing business in Singapore surprisingly easy. Despite its status as a tiny island with no natural resources, the government has made all the right moves to encourage positive growth in the business sector; as a result, the country boasts an Doing business in Singapore advanced economy driven by transparent policy and practice.

What's more, the World Bank has ranked Singapore in first place out of 181 countries in its Ease of Doing Business Survey for several years in a row, based on criteria including starting a business, dealing with construction permits, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and closing a business.

With a diverse population consisting of Malay, Chinese, Indian and Arab peoples, the country is certainly multicultural, but is also considerably Westernised, and the standard of living is high. That said, expats will need to make an effort to familiarise themselves with the business culture and etiquette if they want to be successful in Singapore.

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