Pro-Business Environment

The building blocks of a business-friendly atmosphere. 

Singapore’s conducive business environment, efficient legal system, highly skilled workforce, developed shipping and logistics industries, political and economic stability, and pleasant living environment are pull factors for companies who choose Singapore as the nerve centre for their operations. 

International institutions have consistently ranked Singapore as a first-class business environment, bolstering Singapore’s reputation as a key regional and global hub for companies to do business. 

Singapore was ranked 1st in Asia in Mercer’s Quality of Living Survey in 2015. Singapore’s first place ranking amongst Asian countries in the Mercer survey is an accolade which it has been holding on to for several years. 

The World Bank named Singapore the world’s easiest place to do business for eight consecutive years. Singapore once again topped the ranking as the world’s premier location for ease of doing business once again in 2015. 

Singapore was ranked 3rd in the world in the 2015 IMD World Competitiveness Scoreboard. 

Singapore was ranked 1st in Asia and 5th globally in the World Bank’s Logistics Performance Index in 2014, with the best seaport in Asia. This is complemented by Singapore’s excellent processing and storage facilities. 

Singapore was ranked 1st on World Economic Forum’s Enabling Trade Index 2014, where it leads in the pillars of border administration and transport services. It is the 4th consecutive year where Singapore had been placed 1st

Singapore was ranked 2nd in the Global Talent Competitiveness Index by INSEAD in 2014. 

Singapore was ranked first in Asia and 7th globally in Transparency International’s anti-corruption index in 2014. 

Singapore is the 4th largest financial services centre and third largest foreign exchange market in the world.