Singapore

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fDi Editor | 05/01/2004 12:00 am

Singapore has consistently been ranked one of the world’s most competitive and vibrant economies. More than 6000 international companies, including about 3600 with regional responsibilities, use Singapore as a strategic gateway to the Asia Pacific region to access and service a marketplace of 2.8 billion people within a seven-hour flight radius.

Singapore is committed to creating the best conditions to maintain a pro-business and pro-enterprise environment. Changes are made constantly to keep it competitive: lowering corporate tax rates and business costs, for example. Businesses are finding it easier to set up there than ever before.

In the past 40 years, Singapore has built up a vibrant enterprise ecosystem of companies and business networks. Companies of various sizes, stages of development and nationalities collaborate to create new markets. The IPA’s aim is to develop Singapore as a marketplace and exchange for global ideas and businesses; a compelling city for enterprising companies and talents to generate a robust flow of goods, services, ideas and intellectual property. The IPA calls this a “Global Entrepolis”.

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