his great country is usually known by various names such as the Lion City, Red dot as well as the Garden city. It is a sovereign nation and also the world’s only island city state. Although for a long period it lacked natural resource and hinterlands, Singapore has shown its rapid development as an Asian Tiger economy, majorly by its active participation in external trade and human capital. It is a centre of global finance where people come from different countries to start up their business and to make deals for the existing one.
About the city
The Lion City is a great commerce and admired financial hub. According to the World Bank, Singapore has been graded as the easiest place to do business activities for over a decade now. The Garden City is also a technologically ready country. This is an economically developed country where there is minimum chance that your business plan would not work. One of the reason because of which it is economically strong enough is it the hub of tourist. People come from all over the world to see the beauty of this country and enjoy their vacations.
Why only Singapore for business start up?
This country is ideal for all the businessmen who have a huge amount in their bank to invest in the bank and earn profit. These countries have strong trading and investing activities which makes it the strongest competitor among the Asian countries. It is the world easiest place to start a business where you can have some these benefits:
- Singapore has the network of over 50 agreements of comprehensive double taxation avoidance.
- Singapore has many agreements of free trades.
- Your ideas and innovations in the business will be surely protected because of the string laws on intellectual property.
- You can easily register your business.
It also attracts best place because it a big pool of multi talents you will find every kind of talented people who will be ready to work for you.
Best country for a start up
This state has also hosted various top international meetings and if you are thinking of investing, tries Singapore since it is the best potential place for investing. Apart from being the third largest foreign exchange centers, it is also graded as the second most competitive countries globally. Since the late 20th century, Singapore’s ports have been one of the top busiest ports performing oil refining and also trade. It is also the 3rd largest financial centers all over the world. Singapore is one the Asian countries that is ready for a startup. English is the language of business and construction in Singapore. Though there are other languages spoken and include Mandar, Tamil and Malay which are all languages of startup of ecosystem in Singapore. The GDP growth inflation in Singapore is approximately 5.7 million. The economic growth rose by two point nine percent and by 307.9 billion dollars and this introduced the launch Pad in Asia. The introduction of the launch saw the introduction and improvement of manufacturing industry, wholesale and retail trade, business services, improvement of finance and insurance industry, transport and storage services, construction, information and communication sector.
Accommodation and food services are also in the rise due to the improvement of the hotel industry. Singapore has proven to be a cosmopolitan and multicultural society. In the information and communication set up o Singapore has proven that many people are in the digital and social network. Singapore has proven to be a digital, social and mobile country. Statistics has it that one million people in Singapore population are in LinkedIn. About three point five million other people are in Facebook and are active users. Of Singapore population three million are online shopper. Approximately 7 million people in Singapore have smart phones. The populations of people in Singapore that use internet are over four point nine million people. Singapore has got the first class world infrastructure. The transportation system in Singapore is doing tremendously well.
The main airport is the Changi airport. Another is the port that tries to connect Singapore to almost over three hundred and fifty cities in about over on hundred countries all over the world. Singapore’s core values that govern it are meritocracy, multicultural and secularism. The countries incorrupt governance and civil service are aspects that have improved the state’s financial upkeep.
Must go for it
As you have red all the things, after know all these things there will be no doubt left behind that is Singapore best place for a start up of business or not? Have a talk with your legal advisor and visit Singapore know about the facts and figures and start working on your business today. It will definitely a profitable one for you.