The Republic of Singapore is among the 20 smallest countries in a world. However, one should not get mistaken by its size. Today Singapore is one of the world’s most prosperous nations. The economy is driven by exports in electronics, manufacturing and machinery, financial services, tourism and the world’s largest cargo seaport.
Singapore’s economy is one of the fastest growing in Asia. Not only the local companies are expanding their businesses, but also large Western Multinational organisations are tempted to open their subsidiaries here. It is not surprising as World Bank ranked Singapore as the country with the most business-friendly regulations in the world! Therefore doing business in Singapore may sound like a really promising idea!