The emerging markets of India, China, and other Southeast Asian nations including Vietnam, Thailand, Malaysia, and Indonesia, mean that an ever-increasing number of companies are relocating in this region.
Here standing firm on the three pillars of a business-friendly environment and supportive government policies; a diverse talent pool with the right expertise; and access to fast-growing markets in and around; Singapore has the most conducive environment for companies looking to relocate and start a company.
It is indeed, as Singapore’s Economic Development Board calls the country – “the best home in Asia for your business”.
Excellent global connectivity due to Singapore’s great strategic location
Singapore is home to the world’s top companies across all industries, in part, due to its location in the heart of Southeast Asia. Singapore’s strategic location – within a six-hour radius of any Southeast Asian country – means it is an ideal hub to access the region and its growing consumer market.
It is the 2nd most globally connected country, with over 7,400 flights to and from the Changi Airport weekly. Regularly ranked as the world’s best airport, it serves more than 100 airlines flying to about 100 countries and territories globally, along with hosting many leading logistics firms such as UPS and FedEx. Over 62 million passengers use the airport every year.
Additionally, Singapore’s sea-port infrastructure has been ranked the best in Asia for the past two decades. The city links to more than 600 ports globally, with 200 shipping lines passing through Singapore. Annually, more than 130,000 ships call at Singapore.
No wonder, in a worldwide survey of global freight forwarders and express carriers, the Logistics Performance Index – a benchmarking tool developed by the World Bank, rated Singapore as the top in Asia for logistics performance.
Read more on why Singapore is the #1 location in Asia to Set Up Company at Singapore Company Incorporation site.
