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Business in Singapore

The World Bank in its report "Doing Business 2005" rates Singapore as the 3rd country where it is easy to conduct various businesses and trade. It also features on the 1st place for being the least bureaucratic place for doing business in Asia. Thus Singapore is a major business hub both in Asia and the world. International business associations are also on the rise in Singapore.

Many multinational companies have benefited due to favorable business conditions in Singapore.

Some of the factors that are responsible for the environment so conducive for business, trade and commerce are highly skilled workforce, favorable tax regime, just and fair laws and regulations and valuable resources. Several MNCs have made Singapore as their main base and headquarters for local as well as global interactions.

New and exciting employment opportunities are being created to reconstruct Singapore into a knowledge-based economy. Thus at present Singapore's business sector is a thriving industry and is attracting people from all over the world in search of better opportunities to its shores. Singapore's Ministry of Trade and Industry is also doing a great job for the overall economic planning and development of Singapore. For those who are interested they can also apply for the job opportunities available at the ministry. The posts for Senior Assistant Director/Assistant Director, Human Resources & Organizational Change Management (HR & OCM), Accountant, Corporate Development Division (Finance & Administration) are available and candidates who fulfill the requirements needed to fill these posts can apply online by visiting the Ministry's official site: www.mti.gov.sg.

Another useful site for knowing about the business scene in Singapore is www.business.gov.sg, where local enterprises can find all the information relating to starting, sustaining and growing their businesses. Find information on several business related topics, including market statistics & research, networking opportunities, government assistance, foreign businesses, laws & regulations and more from this site. You can also check out the links given below to get detailed information about the businesses in the categories mentioned below.
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  Regional base for MNCs
  Research & Development
  Business Opportunities
  Banking in Singapore
  Standardization Programme
 



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