Why Singapore hailed as land of Opportunities?

Why move to Singapore?

Singapore is the commercial center of Asia, stretching both east and west. In fact, many, including The Economist, have consistently hailed it as the "land of opportunity" and encouraged companies to relocate to Singapore due to key factors such as political stability, open trade policies, skilled workforce, and advanced infrastructure.

In recent years, several high-profile investors have moved to the prosperous Southeast Asian city-state. A number of multinational companies have also made Singapore their base for operations in Asia through Singapore as it has strengthened its position as a key gateway to ASEAN. In addition, highly skilled workers, executives, and managers continue to migrate to Singapore to take advantage of the opportunities it offers. In addition, highly skilled workers, executives, and managers continue to migrate to Singapore to take advantage of the opportunities it offers. In fact, for individuals, investors, and global companies alike, moving to Singapore is an ideal and desirable option.

Here are the top 10 reasons to move to Singapore:

One of the highest quality of life in Asia

Singapore has consistently ranked first in the Mercer Quality of Life Survey, a. prestigious survey that lists the world's best cities with the highest standard of living based on personal safety, security, political stability, and sustainable economic growth. For years, Singapore has maintained the top spot in the Mercer rankings.

Professional Business Environment

According to the World Bank's 2019 Doing Business report, Singapore ranks second in the world for ease of doing business. Singapore's international trade links, attractive tax structure, investment regimes, advanced infrastructure, competitive workforce, and strong economy make Singapore one of the best places in the world to do business.

Strong economy Singapore has one of the most successful and developed economies in Asia and the world, with an open economy strongly linked to trade, manufacturing, and financial services. Singapore's GDP per capita is higher than most other industrialized countries. According to the Ministry of Trade and Industry, Singapore's GDP per capita in December 2022 was $67,359, up from $60,306,000 in December 2017

Excellent Physical Infrastructure

The government of Singapore continues to provide the most beautiful countries with world-class infrastructure, from a vibrant international commercial port to extensive public transport systems, for modern housing and innovative high-rise buildings. In addition, Singapore has one of the most advanced telecommunications infrastructures in the world, making it a global telecommunications hub in Southeast Asia.

Stable Political Environment

Singapore has one of the most stable political environments among its neighbors in the region. In general, foreign investors are attracted to Singapore's clean and corruption-free image and transparent and efficient bureaucracy.

Strong legal system Singapore's legal system is considered one of the most efficient in Asia. Anti-corruption laws are strict, so investors can do business without fear of bureaucratic manipulation or hassle. In addition, due to a strict and impartial police force, Singapore has consistently low crime rates and high levels of personal safety.

Highly Skilled Workforce Singapore has a competitive and highly skilled workforce with a literacy rate of over 97% and a growing proportion of highly skilled professionals. Foreign employers recognize Singapore as Asia's capital of global talent. Although Singapore's work visa requirements are tough, the demand for high-quality professionals or gold-collar talent is still high.

Attractive Tax Structure

Singapore is known worldwide for its attractive tax system. Investors and entrepreneurs are constantly attracted by attractive tax rates, tax incentives, capital gains tax policies, and a network of Double Tax Agreements (DTA) among other ideal tax incentives.

Pleasing investment regimes

Investors are attracted by Singapore's foreign investment policy, which encourages free enterprise and does not restrict foreign ownership. The estimated net inflow of foreign direct investment (FDI) into Singapore is about US$37.7 billion (US$27.47 billion) in 2023 and US$27.7 billion (US$20.18 billion) in 2024. Furthermore, through the Global Investors Program (GIP), foreign investors can easily move to Singapore thanks to the EntrePass program.

A great place to live, work, and play

Singapore is not only a great place to live, work and do business. It's also a great place to play. ECA International's Place Ratings rate Singapore as the best city in Asia for expats, mainly due to its balanced lifestyle. In addition to career and business opportunities, this vibrant and dynamic city-state offers many opportunities for entertainment and leisure. Singapore is a multicultural mecca full of arts festivals, theater fare, sports venues, tourist attractions, and many interesting activities for residents and visitors.

And if you are planning to move to Singapore, APML can be your best move companion!