With its advanced economy, highly skilled workforce and an ambitious development plan for the coming years, Singapore defines itself as a “Smart City”. This unique positioning in the region takes many forms, one of them is the introduction of autonomous taxis that are already being tested for an upcoming implementation.
Singapore is one of the most modern and developed countries in Asia, with a vibrant economy of high value-added services and industries. For companies looking for new personnel or professionals on the move, knowing the local salaries compensating for certain skills and experience is a must to make the right HR decisions.
A regional center for startups, Singapore is home to a vibrant environment of companies, support structures and entrepreneurs. Local traditions are however hard to bend and women are underrepresented in this ecosystem. This toolkit gathers all the information to provide extra guidance for female entrepreneurs of Singapore.
Singapore’s Straits Times index – the main stock index of Singapore – is composed of the 30 largest public listed companies which greatly influence the economy of Red Dot, Southeast Asia, and the world. The following list presents these economic heavyweights and their activities, together with useful links.
In Southeast Asia, Singapore stands out as a place of modernity and delightful lifestyle experiences. To develop tourism, the Singaporean government communicates through its “Your Singapore” campaign, notably publishing videos that promote the country through a personal, creative and original approach.
The growing exposure and recognition of Southeast Asian art is creating a new dynamism in the art market of Singapore and the region. As more interest bring more money into the market, a new virtuous circle benefits all the actors of the art scene: artists, collectors, galleries, museums and amateurs.
Taxes in Singapore are part of what makes it one of the best places to do business. With a simple and clear system of low corporate tax, personal income and goods and services tax (VAT), Singapore is attractive for most businesses. Several schemes further alleviate taxes for companies, fostering the pro-business environment even further.
Peer-to-peer lending is an alternative form of finance for people and businesses who want to avoid traditional credit institutions. In Singapore, this innovative and direct approach to lending and borrowing spurs a new line of financial services where technologies and trust come together to challenge large banking and finance firms.
Often considered to hamper traditional stores, the development of e-commerce can sometimes actually reinforce them. This infographic summarizes how online and offline commerce grow together in Singapore, pushing shops and malls to provide an enhanced, “omnichannel” experience to consumers.
Singapore has grown into a major hub for technology start-ups in Southeast Asia. For the aspiring entrepreneurs, the presence of a new dynamic and multicultural generation as well as supportive business and financial structures make Singapore a great place to think about for starting a business and making a global impact.