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Incorporate Company In Singapore, The Most Livable City For Expatriates

Last modified: May 19, 2020
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Recently, Singapore has become a favorite destination for the elite dreamy entrepreneurs of the world to work, live and do business. The place where the state of the art infrastructure meets the business-friendly government rules, to offer the freest and open economy in the world. Individuals with their unique business ideas and out of the box business minds are heading towards Singapore with only one dream and that is to set up company in Singapore.


Singapore… Truly one of the best places to live. Travel around entire Asia and it is guaranteed that you will not find a single destination as lively as Singapore. As of now, Singapore has retained its top spot to be the most livable city in Asia and in the world, according to the latest Location Ratings for expatriate living conditions published by the ECA International. The rating was based on different parameters including good air quality, solid infrastructure, decent medical facilities, low crime and health risks, and low levels of corruption. Therefore, if you are looking for a new place to live, work and to grow then think of Singapore first. Here are a few reasons to demonstrate, why Singapore is the best place to live and work.

NOTE: Although ECA Surveys place Hong Kong on the top spot for Asian Expats to live, the city’s attractiveness has dropped to much extent in recent years. In certain areas like infrastructure, education, healthcare facilities and availability of goods and services Hong Kong is a strong competitor to Singapore, but the air quality in Hong Kong is too much poor compared to Singapore. In recent months, the unprecedented unrest and the restrictions placed on the movement in the Honk Kong have dropped down its socio-political score. Thus, Singapore ranks at the top for Asia (for 16 consecutive years) and for the expatriates coming from Europe and North America.

Low Crime Rates

The neurotic panic you often experience, while living at your current location due to the increasing crime rates, vanishes in a second when you start living in Singapore. Well! Do not take this statement literally, because crimes do occur in Singapore. However, the crime rate in Singapore is so low that it is equal to negligible. Due to the upscale quality of life, steady employment rates and stable politics, crimes are definitely at the minimum. The best thing is about the way in which the Singapore government handles the crimes. It is hard to witness such crime management in any other city.


Best Health Care

The availability of best and world-class healthcare facilities in Singapore makes it unique. In fact, Singapore is branded for their astonishing and innovative healthcare facilities. Apart from the best air quality from the lack of pollution, hospitals are managed effectively with the help of experienced, well-qualified and trained staff.


Disaster Readiness

Asia is a region where disasters and natural calamities is a common thing. Unlike other Asian countries cursing mother nature or crying excruciatingly, Singapore is well prepared and all geared up to tackle any disaster of any gravity in an effective manner. The disaster readiness of Singapore from infrastructure to disaster management ensures complete safety and full security of people’s lives.


Thriving Business In Singapore

Called as the land of opportunities, Singapore in the recent decade has emerged as a Mecca for Businesses. Whether locals or foreigners, both are rushing towards Singapore with their dream business ideas to Set up a company in Singapore. The extraordinary business landscape, thriving corporate sector, the efficient banking system, and stable economic conditions, have made Singapore a global business hub for entrepreneurs. World Bank has ranked Singapore at number one position for the best and the easiest city to do business in consecutive years. Additionally, Ernst and Young, markets Singapore as the third most globalized economy in the world.

All these factors, along with the flexible tax regime compel Singapore to behave like a magnet for global investors. With increased opportunities and a thriving economy lot many foreign companies and entrepreneurs are interested in Singapore Company Registration. In fact, Singapore company incorporation is easy if you have SingPass or an EntrePass. Unfortunately, if you do not have any of these, but you still want to incorporate your business in Singapore then you will see us ‘SBS Consulting’, standing beside you.

One of the biggest advantages of Singapore company incorporation is the city is devoid of red tape bureaucracy, unlike other Asian nations. Moreover, the procedure to register a company in Singapore is very easy. The entire procedure can be completed online using the BizFile tool provided by ACRA if you are in possession of SingPass or an EntrePass. We already have seen why Singapore is the best city to live, its open culture and tendency to welcome expatriates with open arms makes it further more attractive to start a new business venture. Here are some convincing reasons motivating global businesses and investors to start their business in Singapore.

  • Location Offering Bright Future

Due to the long-term vision and insight to for the design of future infrastructure in Singapore, concept plans are being practiced since 1971. Although industries and population growth was much more than anticipated, Singapore caught up with the changing modern business environment to become the leading business hub of the world. The intensive development of utilities and infrastructure, which includes power plants, deep underwater sewerage and refuse incineration, succeeded in providing clean air, clean water, and green cover. Additionally, the decentralization of commercial hubs in the country resulted in reducing congestion and commuting time. According to Knight Frank and Citi Private Wealth report, Singapore top the charts estimates Singapore is a city that matters a lot to world’s wealthy businesses. Thus, starting your own company in Singapore is a big achievement and a big decision on your part

  • Location That Embraces Technology

One cannot overlook the technological development of Singapore. Having analyzed the importance of technology in modern business, Singapore has already incorporated technology development in its years-old model of building modern city-state. The Singapore Mass Rapid Transit (MRT) is said to be the best and most comprehensive public transport system in the world. This is possible due to the restrictions on vehicle ownership in Singapore. In order to adapt and innovate, intelligent buildings have been the core of Infrastructure and real estate development in Singapore. Nevertheless, technology is the key to operating MRT and the future of green buildings.

  • Location With Substantial Economic Potential

The Gross Domestic Product per capita of Singapore in 2013 was 76236.79 US Dollars when adjusted as per the Purchasing power Parity (PPP). This GDP per capita, after purchasing with PPP was equivalent to 429 percent of the world’s average. The overall GDP value of the Singapore represents 0.48 percent of the world economy. Singapore GDP was all time high in 2013 reaching 297.94 USD Billion and a record low of 0.70 USD Billion in 1960. In the first quarter of 2015, Singapore experienced an expanded GDP growth of 3.20 percent on an annual basis. From 2007, the GDP growth rate averaged about 5.12 percent until the first quarter of 2015. The GDP growth rate reached its all-time high with 36.40 percent in the first quarter of 2010 and a record low of -13 percent in the third quarter of 2010.

**All the statistical data is based on the facts and figures published by Statistics Singapore.

After Singapore got independence in 1963, Singaporean economy is rising with a steady pace. As of now, Singapore has the highest GDP per capita in the world. The Singaporean economy is heavily dependent on the foreign trade. Port activities and exports of electronic components and refined oil are the major contributing factors shaping the economy of Singapore. In recent years, Singapore has emerged as one of the largest foreign direct investment recipients as it boasts being one of the freest, competitive and business-friendly economies in the world.

Having such a great potential; undoubtedly, Singapore is the most advanced, developed, economically stable and a wealthy nation in entire South-East Asia. Not only individuals with high net worth; but also, people from all walks of life having a great business idea visit Singapore to fulfill their dream of incorporating a company. The good living standards, international airport, world’s busiest port, entrepreneur-friendly business policies and low tax rates are some of the other features attracting global entrepreneurs and businesses towards Singapore.

If you are interested in a new business, hire a provider of Singapore company secretary services that can register a company for you. Contact us on +65 6536 0036 or email us on info@sbsgroup.com.sg, for incorporation assistance.

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