10 Reasons to decide to resettle in Singapore

Singapore has always been known as the economic center of Asia and is continuously praised as "the land of a thousand opportunities" by The Economist - the most famous business magazine in the UK.

In recent years, a number of famous investors such as Nathan Tinkler - Australian "coal billionaire" or billionaire Eduardo Saverin - co-founder of Facebook, have moved their residence to this most prosperous country in Southeast Asia.

Similarly, highly skilled workers, executives, managers and large corporations all choose to relocate to Singapore as their business base in Asia to seize the numerous opportunities here.

Below, GLA will analyze 10 reasons why it is important towork visa applicationc, resettle in Singapore is a very ideal and desirable choice.

1. 10 reasons why you should work and live in Singapore

1. One of the countries with the highest quality of life in Asia

For many years, Singapore has always been at the top of many famous and prestigious surveys and reports in the world. Most recently, in 2019, at the Annual Survey on Living Conditions "Mercer Quality of Living Survey" has ranked the world's cities with the best quality of life based on criteria such as personal safety, national security, political stability and sustainable economic growth.

In Mercer's latest survey, Singapore once again ranked first in Asia.

This proves that Singapore excels in all evaluation criteria, becoming the most livable country in the region.

2. Professional business environment

According to the World Bank's Doing Business Report 2019 (WB), Singapore is the second easiest country to do business in the world, after New Zealand.

It is Singapore's international trade linkages, attractive tax structure, investor regime, modern infrastructure, highly competitive workforce and strong economy that make it one of the best places to do business in the world.

3. Strong economic growth

The Singapore economy is one of the most successful and developed economies in Asia, with an open economy closely linked to trade, manufacturing and financial services. GDP per capita in Singapore is higher than most other developed countries.

According to the Ministry of Trade and Industry of Singapore (MTI), GDP per capita reached 64.567.000 USD in December 12, up from 2018 USD in December 60.306.000.

4. Excellent physical infrastructure

The Singapore government consistently provides some of the world's most advanced infrastructure, from bustling international trading ports to comprehensive public transport systems, from modern residential buildings to innovative high-rise architecture.

Additionally, Singapore has one of the most advanced information and communications infrastructures in the world, making it a global telecommunications hub in Southeast Asia.

5. Stable political environment

Among its regional neighbors, Singapore has the most stable political environment.

In general, foreign investors are attracted to Singapore's clean and corruption-free image, as well as its transparent and efficient bureaucracy.

6. Strong legal system

Singapore's judicial system has been recognized as one of the most efficient in Asia.

Anti-corruption laws are enacted and strongly enforced, thus allowing investors to conduct business without fear of bureaucratic manipulation or instability.

Furthermore, through strict and impartial law enforcement, Singapore has low crime rates and high levels of personal safety.

7. Highly skilled workforce

Singapore has a competitive and highly skilled workforce, with an outstanding educational attainment rate of over 90% and a growing proportion of highly trained professionals.

Although the requirements for work visas in Singapore are becoming increasingly stringent and are set to tighten further, the demand for highly qualified professionals or skilled workforce remains strong.

8. Attractive tax structure

Investors and businessmen around the world are always attracted to Singapore because of its attractive tax rates, tax breaks, no capital gains tax policy and network of Double Taxation Agreements (DTAs), and other tax incentives.

9. Attractive investment project

Investors are attracted by Singapore's foreign investment policy and no restrictions on foreign ownership. At the end of 2018, Singapore's foreign direct investment reached SGD 77.630,5 million.

Furthermore, with two investor immigration programs, the Global Investor Program (GIP) and EntrePass, foreign investors can move to and resettle in Singapore with ease.

10. The perfect place to live, work and play

Besides being a great place to live, work and do business, Singapore is also a great place to enjoy leisure activities.

Theo ECA International's Location Ratings, Singapore is ranked as the top Asian city for expats, largely due to its balanced work-play lifestyle.

In addition to the myriad of career and business opportunities, Singapore offers a wide range of options for fun and entertainment.

The country is considered a vibrant multicultural mecca with arts festivals, theatre performances, sports attractions, tourist attractions and a host of exciting activities for residents and visitors.

11. How does GLA support businesses living and working in Singapore?

GLA is proud to be the leading unit supporting businesses and individuals in settling, doing business and working in Singapore.

With extensive experience, our team of experts has helped many individuals and businesses quickly adapt and develop in this dynamic business environment.

1. Set up a company in Singapore in just 1 – 3 days.
2. Apply for EP/SPass/work permitEntrePass in 4 – 8 weeks.
3. Accounting and tax services for businesses.
4. Support for legal compliance and business licensing.
5. Virtual office services and business registration address.
6. Financial and banking consulting and opening business accounts.

3. Frequently asked questions about living and working in Singapore

Highlights

• Singapore is an ideal destination to live and do business thanks to its stable environment, transparent legal system and developed economy.
• Singapore is also known as a vibrant multicultural mecca with arts festivals, theatre performances, sporting attractions, tourist attractions
• GLA will support you to apply for a work visa in Singapore quickly, professionally and effectively!