The business opportunities are exciting in Singapore;
steadily billed as tax haven for the wealthy due to the low tax rate on
personal income and tax exemptions on foreign-based income and capital gains.
In effect, with its highly educated and skilled workforce,
Singapore is prosperous market of + 5 million consumers capable to consume
services anytime and anywhere.
The 2015 Index of Economic Freedom ranks Singapore as the second
freest economy in the world and the Ease of Doing Business Index has also
ranked Singapore as the easiest place to do business for the past decade.
Singapore attracts a large amount of foreign investment as a result of
its location, skilled workforce, low tax rates, advanced infrastructure and
zero-tolerance against corruption.
There are more than 7,000 multinational corporations from the United States,
Japan, and Europe in Singapore.
Foreign firms are found in almost all sectors of the country's
economy, and Roughly 44 percent of the Singaporean workforce is made up of
non-Singaporeans.
Over ten free-trade agreements have been signed with other
countries and regions. Singapore's government operations have a significant
stake in the economy.
Singapore is a great foreign investor in India, and world powerful exporter.
The World Economic Forum's 2015 Global Technology Report placed Singapore as the most
"Tech-Ready Nation".
Singapore has the world's highest smartphone penetration rates,
in surveys by Deloitte and Google Consumer Barometer – at 89% and 85% of the
population respectively in 2014.
As Singapore is a small island with a high population
density, the number of private cars on the road is restricted so as to curb
pollution and congestion.
Singapore is a major
international transport hub in Asia, serving some of the busiest sea and air
trade routes.
The Port of Singapore, managed by port operators PSA International and Jurong Port, was the world's second-busiest port in 2005 in terms of shipping tonnage
handled, at 1.15 billion gross tons, and in terms of containerised traffic, at 23.2 million
twenty-foot equivalent units (TEUs). It is also the world's second-busiest,
behind Shanghai, in terms of cargo tonnage with 423 million tons handled.
Singapore's approach does not rely only on physical infrastructure, but it also
emphasises proper legislation and enforcement, water pricing, public education
as well as research and development.

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