A Guide to Doing Business
in Singapore

Singapore boasts a competitive and resilient first-world economy with a high standard of living, making it a prime base for global businesses in Asia.

In 2018, the World Bank reported a 100% primary school admission rate, a life expectancy of 83 years, and a Gross National Income (GNI) per capita of USD 59,590. The October 2019 World Economic Forum’s Global Competitiveness Report awarded Singapore 85 points out of a possible 100, ranking it above the United States, Hong Kong, the Netherlands, and Switzerland in the top five. In June 2020, Singapore retained its number one position in the IMD World Competitiveness Ranking.

Developments in technology, finance, engineering, and sustainability have established Singapore as the headquarters for many Asian companies. We have compiled a number of useful guides to provide you with the information needed to support your decision-making process for setting up your business, office, or regional hub in Singapore.

Singapore at a glance. 

5.63 M
Population
#2
Ease of doing business
$466.8 B
GDP (2022)
1.1%
GDP growth (2023)
SGD
Currency
1.9%
Unemployment (2023)
GMT+8
Timezone
Jan-Dec
Financial year

Find out more about doing business in Singapore

Corporate
Benefits of Doing Business in Singapore
Corporate
Challenges of Doing Business in Singapore
Corporate
Registering a Company in Singapore

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