Singapore Company Registration Service
Hotline: 86-755-82143422 Email: 2355725105@qq.com
Singapore is the main island of what is called the Malay Peninsula, located in South East Asia. The city has the same name and is actually the capital of the over 60 smaller islands that make up the area.
Pre-independence economy
Before independence in 1965, Singapore was the capital of the British Straits Settlements, a Crown Colony. It was also the main British naval base in East Asia.Because it was the main British naval base in the region and held the Singapore Naval Base, the largest dry dock of its time, Singapore was commonly described in the press as the 'Gibraltar of the East'. The opening of the Suez Canal in 1869 caused a major increase in trade between Europe and Asia, helping Singapore become a major world trade center, and turning the Port of Singapore into one of the largest and busiest ports in the world. Prior to 1965, Singapore had a GDP per capita of $511, then the third-highest in East Asia. After independence, the combination of foreign direct investment and a state-led drive for industrialization, based on plans by Goh Keng Swee and Albert Winsemius, started the expansion of the country's economy
Modern-day economy
Today, Singapore has a highly developed market economy, based historically on extended entrepôt trade. Along with Hong Kong, South Korea, and Taiwan, Singapore is one of the original Four Asian Tigers. The Singaporean economy is known as one of the freest, most innovative, most competitive, and most business-friendly. The 2013 Index of Economic Freedom ranks Singapore as the second freest economy in the world, behind Hong Kong. According to the Corruption Perceptions Index, Singapore is consistently ranked as one of the least corrupt countries in the world, along with New Zealand and the Scandinavian countries.
Singapore is the 14th largest exporter and the 15th largest importer in the world. The country has the highest trade-to-GDP ratio in the world at 407.9 percent, signifying the importance of trade to its economy. The country is currently the only Asian country to receive AAA credit ratings from all three major credit rating agencies: Standard & Poor's, Moody's, and Fitch. Singapore attracts a large amount of foreign investment as a result of its location, corruption-free environment, skilled workforce, low tax rates and advanced infrastructure. There are more than 7,000 multinational corporations from the United States, Japan, and Europe in Singapore. There are also approximately 1,500 companies from China and a similar number from India. Foreign firms are found in almost all sectors of the country's economy. Singapore is also the second-largest foreign investor in India. Roughly 44 percent of the Singaporean workforce is made up of non-Singaporeans. Over ten free-trade agreements have been signed with other countries and regions. Despite market freedom, Singapore's government operations have a significant stake in the economy, contributing 22% of the GDP.
ATAHK's services
ATAHK offers investors all over the world one-stop and professional investment advisory and consulting services. Our services range from Singapore company registration to Singapore company follow-up, as well as trademark registration and visa application and etc. For further queries about investment in Singapore, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82143422, 86-755-82143512, or emailing to 2355725105@qq.com.