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Singapore is a city-state with a land area of only 724.2 square kilometers. According to the "Population in Brief" published by the Strategy Group, Prime Minister's Office, as of June 2019, the total population of Singapore reached 5.7 million. This includes 3.5 million citizens, 530,000 permanent residents, and 1.68 million non-citizens, with nearly 690,000 work pass holders, close to 290,000 Dependent’s pass holders, and about 250,000 migrant domestic workers. Singapore boasts high literacy rates (96.5%), high home ownership rates (90.5%), low crime rates (549 crimes per 100,000 residents), and low unemployment rates (about 2%, approaching full employment). Singapore has a subtropical climate, with temperatures ranging from 25 to 32 degrees Celsius year-round, plentiful rainfall, and high humidity. Singapore is a member of the Association of Southeast Asian Nations (ASEAN) and also a member economy of the Asia-Pacific Economic Cooperation (APEC).
Strategic Advantage
Double Taxation Avoidance Agreement (DTA)
To date, Singapore has signed 86 double taxation avoidance agreements with other countries to help companies avoid double taxation and reduce withholding tax.Bilateral Free Trade Agreement (FTA)
Singapore has signed 23 bilateral (or multilateral) free trade agreements with major economies in the world, including major economies such as the US/EU/China, to help businesses explore markets.Investment Guarantee Agreement (IGA)
Singapore has signed a total of 42 investment protection agreements, which provide protection and guarantee for Singapore enterprises to invest and operate in the countries under the agreement and reduce investment risks.Free Trade Agreements (FTAs)
Singapore has 23 regional and bilateral free trade agreements. Through free trade agreements, Chinese enterprises can enjoy many preferential policies in import, export and investment.Excellent Infrastructure
Singapore's excellent infrastructure and geographical location provide comprehensive services for the global business development of Chinese enterprises.Low Financing Cost
Singapore has convenient financing and relatively low financing cost. The interest rate of trade financing is lower than 2%.Investment Opportunity
Singapore is one of the world's leading petrochemicals centres, with a world-class complex on Jurong Island Petrochemical hub, with more than 95 of the world's largest oil, petrochemical and specialty chemical companies operating on the island.
Singapore is the world's busiest logistics hub, with 17 of the top 25 global third-party logistics companies (3PLs) setting up bases here. Singapore is also the world's busiest container re-export port, with 200 shipping companies linking it to 600 ports in 123 countries. Singapore's Changi Airport has strong air capacity and currently serves more than 100 airlines.
Singapore is a world pioneer in the ICT industry. More than 80 of the world's top 100 software and IT services companies already have operations in Singapore. Over the past few years, a number of leading digital media companies have set up shop here, including Japanese video game company Koei, Lucas Film, Electronic Arts and Ubisoft, Europe's largest game studio.
Singapore is Asia's first choice for life and leisure experimentation. The top ten global consumer goods companies have set up regional headquarters in Singapore; The top five global fragrance and fragrance companies all position Singapore as the R&D and manufacturing base in Asia; Christie's and Sotheby's, two of the world's largest auction houses, Have set up Southeast Asian art centers in Singapore.Download the Documentation for More Details
