Singapore is a sovereign city-state in Asia whose economic strategies to attract foreign investment have made it one of the easiest cities in the world to do business in. Already a commercial center in the 19th century, the country is now one of the most globally integrated economies in the world, with a business-friendly tax system and competitive tax rates. Singapore is also the only Asian country to have made the top 10 list of the Transparency International’s anti-corruption index in 2016.
Singapore’s economy is heavily trade-dependent and it is characterized by a simple regulatory system, tax incentives, and open investment regime. The island’s location, at the crossroads of maritime routes and close to big markets, is a strategic advantage for a country whose transportation system is one of the best in the world. Some investment hindrances do persist, especially the refusal to internationalize the Singapore dollar. Be as it may, the country is still one of the most trade-friendly economy and an attractive destination for investment.
Singapore is the home to the world’s largest trading companies. Why not join them? In this Getting to Global guide, we will guide you through the process of reaching Singapore’s consumers, successfully making sales on ecommerce channels, and getting your products to reach the desired consumers.