Singapore ranks among the topmost competitive mature market economies in the world, enjoying stable GDP growth in the 1-3 percent range amid global uncertainties, with a highly talented labor force, leading emerging sectors, and the preeminent business hub in Southeast Asia.
The countries robust economic infrastructure and pro-business policies further highlight the country as a strategic financial hub – with top near-term focus areas for Singapore’s policymakers including upskilling the local workforce, attracting and retaining highly skilled talents, efficiency of the small and medium enterprises (SME) sector, artificial intelligence and emerging technologies, ESG, as well as innovation.
For corporate entities hoping to establish a holding company, branch office, or regional headquarters, Singapore offers a powerful advantage in terms of business opportunities, government incentives, and trade relation benefits. With over 80 double taxation avoidance agreements, generous tax deductions, an extensive network of free trade agreements with neighboring nations, and a reputation as a global financial center, businesses operating in Singapore can maximize key opportunities for growth and investment.
This publication is designed for investors and business leaders seeking to capitalize on Singapore's strategic position within Southeast Asia. Crafted by experts from Dezan Shira & Associates, a specialist foreign direct investment practice providing corporate establishment, audit, business advisory, tax advisory and compliance, accounting, payroll, due diligence, and financial review services to multinationals and small- and medium-sized enterprises investing in emerging Asia, the publication provides a comprehensive analysis of Singapore's role as a gateway to the ASEAN region.
