Singapore is popularly known as “The Lion City” is a beautiful country, with excellent geographical features and an urban population. With about half of the country covered with greenery, Singapore is undoubtedly one of the most beautiful places in Asia. The exceptionally attractive geographical features of Singapore make it an ideal place to retire to.
Often we come across people migrating from competent and highly developed economies like the United States, migrating to Singapore. This fact makes one wonder why people prefer Singapore to work and live. Following reasons explain why people prefer Singapore for work and business:
Best Country To Run A Business
Singapore topped the ranking on 'Ease Of Doing Business' for the sixth consecutive year. The beautiful Singapore is one of the best places for running your business easily and effectively. You can convert your dreams into reality. It takes relatively lesser time and capital to set up a company in Singapore. Besides, Singapore enjoys growing economy and best industrial statistics in the world. That is why it is also known as the 'Best Labour Force in the World'.
Another key point that makes Singapore a favorite choice for doing business is an outstanding tax system. The Singapore Government has one of the lowest Goods and Services Tax rate of 7%. There are no capital gains taxes in Singapore, and hence it remains to be the best choice for entrepreneurs.
Ease Of Communicating
One of the most important factors that make Singapore an ideal place for working is the ease of communication. English is the official language of Singapore, and you can easily communicate with the people there.
Ease of communication is an imperative factor for working, as it helps you express yourself and understand people in a new place. Therefore it’s not difficult to mingle with people in Singapore and establish contacts. Most people find it easy to adjust in Singapore, because of this very reason.
Flexible Immigration Policies
Singapore has an open immigration policy, which allows entrepreneurs to easily relocate to Singapore and set up their businesses. For those looking to work in Singapore at the earliest, obtaining a Singapore Work Visa is easy. If you are talented and got the right credentials, you can easily pass the eligibility conditions of immigration and get a Singapore Work Visa. People who are considering settling permanently in Singapore need to get Permanent Resident Status in Singapore.
Political Stability And Low Crime Rate
One of the major reasons that attract more foreign professionals to Singapore is the safety and low crime rate. The political stability is another privileged professionals working at Singapore enjoy. This highly prized stability gives Singapore the title –‘The Switzerland of Asia’. There are fewer incidents of crime in Singapore making you feel safe while enjoying a enjoying a quality life.
Singapore is the perfect place to head to, for a safe and secure future. It is situated at an ideal location, where expanding business is easy. You can enjoy good public and private transportation, along with an excellent support system for businesses. Other desirable aspects of working and staying at Singapore are good schools, easy access to neighboring countries along with a safe and healthy living environment.