Singapore will be celebrating 53 years of its modern existence next year. And what a journey it has been!
Half-a-century of political stability led to many economic milestones; with the city-state’s business environment and economic fundamentals including the labour policies, legislations and infrastructure, winning numerous accolades and has incorporated businesses over the years.
Most notable is the honour of being the best country in the world for doing business seven years in a row. (World Bank’s Doing Business reports)
Now, Singapore is one of the busiest ports in the world, leading oil refining and distribution centre, manufacturing hub for electronic components, and a vibrant financial and business incorporation hub in Asia.
Also, as the world enters a new era, the nation is upgrading investments in new growth industries such as interactive and digital media, biomedical sciences, and clean and green technology.
Read more about the reasons for setting up a business in Singapore at Rikvin.com.