Famed for its low tax rates on personal income, coupled with exemptions on foreign earnings, Singapore is a popular long-term destination not just with expat professionals, but those seeking favourable terms for their capital too.
However, there’s a lot more than just the sovereign city-state’s financial benefits to draw in migrants. As a major global commercial hub, Singapore is the fourth largest financial centre in the world, one of the globe’s busiest ports, and is consistently rated as one of the world’s least corrupt countries.
Further, the island state’s diversified economy ensures an equal amount of diversity amongst expatriate job opportunities, with major contributing industries that include the manufacturing, education, financial, healthcare, and tourism sectors, to name a handful.
Made up of one main island and 62 smaller islands, Singapore is densely populated and urbanised, so much so that the government has adopted a policy of land reclamation in order to expand its territory. Since 1960, the country has gained around 50 square miles, while it’s estimated a further 40 square miles will be added by 2030.
Renowned as one of the most business-friendly countries on earth, Singapore plays host to huge numbers of multinational corporations from outside of Asia. As a result, many Asian businesses who trade with them have followed suit in setting up offices within the city-state, helping one of Asia’s most renowned trading hubs to attain the globe’s third largest per capita income.
