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Doing Business in Singapore
Singapore is one of the most popular choices for setting up a business when entrepreneurs are deciding to venture overseas. The strong social, economic and legislative foundations supported Singapore’s position as a leading world class business hub. Many accolades and key statistics corroborated with the position of Singapore as a leading global player in the business environment.
| Report and Studies | Indicator | Ranking |
|---|---|---|
| World Bank Report – Doing Business 2013 | Measures the ease of conducting business | # 1 in the world |
| WEF Global Competitiveness Report 2012-2013 | Measures the competitiveness of the economy | # 2 in the world # 1 in Asia |
| WEF Global Competitiveness Report 2012-2013 – Labour Market Efficiency | Measures the efficiency and flexibility of the labour market | # 2 in the world |
| WEF Global Competitiveness Report 2012-2013 – Goods Market Efficiency | Measures how well positioned the goods market can produce the right product & service mix to facilitate effective trading in the economy. | # 1 in the world |
| IMD Stress Test on Competitiveness 2009 | Measures how well a country perform through a crisis and improve its competitiveness | # 2 in the world # 1 in Asia |
| WEF Global Information Technology Report 2013 | Measures the network readiness of a country | # 2 in the world # 1 in Asia |
| Transparency International - Corruption Perceptions Index (CPI) 2012 | Measures the level of corruption of a country | # 5 least corrupted in the world # 1 least corrupted in Asia |
From the results of the above indicators and studies, Singapore has excelled in most of the major macro factors entrepreneurs will most likely take into consideration when deciding on the choice of location to start a business.
In this section, an introduction guide to doing business in Singapore is written by ContactOne to provide aspiring entreprenuers and existing business owners with a clearer understanding of the various key points and considerations to take note of in the course of conducting your business activities in Singapore.