Page 4 - Doing Business in Singapore

FOREWORD

Singapore as your Anchor in Asia

Singapore has been consistently ranked among the most preferred countries
for finance, business, and commerce. This is mainly due to its strategic
location, pro-business environment, and stable political atmosphere.

The city state has received credentials that include third placing in IMD’s
World Competitiveness Yearbook 2022 and being positioned sixth in the
Global Financial Centres Index 2022. Being ranked fourth in the world on
Transparency International’s Corruption Perceptions Index 2021, the nation
is well placed as the ideal choice for companies to consider expanding their
operations.

Neighbouring Asian cities can be accessed from Singapore by air travel
within seven hours. This enables Singapore to be an excellent springboard for business expansion in the region.
Companies looking towards Singapore can easily establish their regional or operational headquarters here and
even use this location for R&D and as intellectual property platforms. With low corporate tax and interest rates,
as well as the presence of over 90 tax treaties with other countries, business costs are kept low. The nation
also does not have foreign exchange controls. This makes it easier for investors to deal with foreign exchange
risk. Corporate governance risk is also minimised with a transparent government and the authorities’ backing to
promote world-class practices.

RSM welcomes foreign investors to set up their base in Singapore and use it as an integral part of their expansion
plans to grow their businesses and optimise their operations. With over 1,030 staff in Singapore/Malaysia and
260 in China, we have helped numerous foreign businesses in areas such as Cross-border Investment Advisory,
International Tax Advisory, as well as Company Set Up in Singapore and other countries. Our affiliation to RSM
International also facilitates connections on a global scale.

We hope this Guide will provide the necessary insights on how you can maximise the use of Singapore’s resources.

Welcome to Singapore, and we welcome you to chat with us.

Chio Kian Huat
Chief Executive Officer
RSM in Singapore

Doing Business in Singapore