Doing Business in Singapore
Despite being a small island with no natural resources, the government has made all the right moves to encourage economic growth in Singapore. As a result, the city-state 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, expats will need to familiarise themselves with local business culture and etiquette if they want to be successful in Singapore.
Singapore has an impressive rank of second out of 190 countries in the World Bank's Ease of Doing Business Survey for 2017, coming first for protecting minority investors, and second for enforcing contracts. Its lowest ranking is for trading across borders, at 41st.
Business hours are Monday to Friday 9am to 6pm, sometimes with a half day on Saturday.