Singapore is geographically located at the heart of Southeast Asia and is at the crossroads of major aviation, trade and shipping routes connecting the East and the West. This places Singapore as the gateway for businesses to access the Asia Pacific region, including high growth markets such as China and India.
In terms of political stability, the political system that runs Singapore may be regarded to be one of the most stable and efficient in the world.
The government’s pro-business approach has also placed Singapore to be the world’s 2nd most competitive economy in 2018/19 according to the Global Competitive Index. Its pro-business policies, world-class infrastructure and transportation facilities, and its focus on developing a skilled workforce, further reinforces Singapore’s position as an attractive location for companies to establish their headquarters here.
The world-class infrastructure and facilities that can be found in Singapore today is the result of the government’s farsighted approach in ensuring that Singapore has a competitive edge in the world’s economy.
Companies intending to set up their headquarters in Singapore can also leverage on the country’s existing double tax agreements (DTAs) with more than 70 countries worldwide and its extensive network of free trade agreements (FTAs) with 13 bilateral and 11 regional FTAs.
Singapore continues to host and attract international MICE with a vibrant cityscape that is safe, well connected and technologically advanced, Singapore will continue to punch above its weight as a prime destination for international MICE events to keep it as a prime convention destination.