The easiest way to define Singapore is to say that it is little in size but gigantic in scale. The Lion City has long been regarded as a leading financial centre that is perfect for SMEs and startups. Let's look at some of Singapore's top features that most investors desire.
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7. Immigration policy: Singapore immigration visa stamp is open and relaxed.
Singapore constantly spreads out the red carpet for international specialists and investors, providing a slew of benefits in exchange for forming a business there. Due to the government's relaxation of work visa regulations, expats who engage in active business operations can now get work permits or hire professionals if they match specific conditions.
However, it isn't only about work permits. This state-city also welcomes international professionals who seek to live and work in the city on a permanent basis. Despite its laid-back attitude, the application process for permanent residency in Singapore is somewhat complex.
8. Centralized and stable government policies
Singapore's governmental structure is transparent, its rules are liberal, and corruption is non-existent, all of which help to foster entrepreneurship. Singapore, in case you didn't know, has one of the world's most open and thorough political systems.
Another remarkable fact is that Singaporeans are politically well-informed. They denounce bribery and abuse of power, recognising that such actions are critical to their country's worldwide standing and image.
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