 
Best place to do business
Singapore is renowned for its strategic location at the crossroads of Asia, and it stands as a high-income economy built on a business-friendly regulatory environment. The city-state's strong investments in infrastructure, education, healthcare, and public services contribute to its position as one of the world’s most competitive economies. In the 2020 World Bank Human Capital Index, Singapore ranks highest, reflecting its commitment to nurturing a highly skilled and adaptable workforce.
Since gaining independence in 1965, Singapore has rapidly transformed from a low-income to a high-income economy, boasting an impressive GDP growth rate averaging about 7%. The city-state’s robust financial support initiatives, including the SkillsFuture initiative, ensure continuous workforce development to meet evolving business demands.
A global financial powerhouse, Singapore offers unparalleled connectivity, a stable political climate, low tax rates, and a transparent regulatory framework. With its strong emphasis on innovation and comprehensive IP protection, Singapore is a magnet for investors seeking growth opportunities in Asia.
* Source: Doing Business 2024 Report, World Bank
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