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Singapore is the fourth largest financial and foreign exchange trading center in the world, and its success in global trade is complemented by its strategic location, skilled workforce, low tax rates, and advanced infrastructure. Backed by these strong factors, the new melting pot of Asia has attracted over 7,000 multinational corporations from across the globe.
These are the top 4 fundamental reasons that makes Singapore a favorable place to invest in:
Many people marvel at the beauty of Singapore. Rich in contrast and colors, this tiny island measuring approximately 710 km² is home to a vibrant blend of culture, cuisine, arts and architecture surrounded by ultra modern high-rise buildings, manicured gardens and century old precincts. Although small in size, Singapore commands an enormous presence in the world today and is the central sea port along major shipping routes. It has a strategic location and is well-connected to key destinations around Asia and the Pacific.
Discover The Country’s Beauty From Singapore’s Tourism Board
Its strategic location on major sea lanes and its industrious population offer global investors unparalleled access to global markets. The country continues to be well regarded as a triple A rated economy with strong growth potential, and major industries include electronics, oil and gas, shipping, financial services, chemicals, biomedical sciences and research, life sciences and more, making Singapore a multi-faceted business and financial hub.
Find Out More From Singapore’s Economic Development Board
Singapore boasted the world’s fastest growing economy with a GDP growth rate of 17.9% in year 2010. With only 1.6% of its land mass suitable for agriculture and a need to import almost everything, including water, Singapore manages to gain a trade surplus, not to mention it has a balanced budget and a stable currency!
See More Highlights From Singapore’s Department of Statistics
Singapore has placed number 1 in the World’s Competitiveness Ranking, which measures how countries manage their long-term growth, generates jobs, and increase welfare. Singapore’s ranking is due to its strong economic performance from robust international trade and investment, employment, and labor market measures, along with stable performances in its education system and technological infrastructure.
Read More About The World Competitiveness Ranking
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