Singapore: the most happening country

Several expats and locals confess that Singapore is the preferred destination to work and transact business. Often referred as the tiny red dot, the country’s competitive advantage remains unquestioned. Despite the rating as the world’s most expensive city in ‘Worldwide Cost of Living Survey (by Economic Intelligence Unit (EIU))’ in May,2014, there is an unprecedented demand for setting up new businesses and many expats and locals prefer working here due to the diverse opportunities, excellent infrastructure and appreciation of multicultural customs.

The public transport system in the best, among most other countries. More importantly the efficient maintenance of law and order and the effective functioning of government machinery and accountability of politicians are other attractive factors. ‘A never say die attitude,’ of bureaucrats and the constant thrive for excellence in all walks of life are the other added advantages of living in this island nation. Land Transport authority’s levy of heavy penalties to the tunes of several millions of dollars (1.6 million Singapore Dollars in 2014 and 2 million Singapore Dollars in 2010) to public transport operator Singapore Mass Rapid Transport (SMRT) for delays and safety breaches is a case in point. Similarly, the low incidence of crime and suspicious activities is another favorable factor.

Singapore does not have many natural resources to boost , but the detailed planning and execution of green cover and investments on education and human resources are other factors that help the nation maintain an edge over other developed nations and the rapidly-emerging economies. The numerous tourist attractions and the recreational avenues like pubs and malls are too many options to choose from.

So if you are thinking of setting up a new business in this country or wish to relocate for better employment opportunities or higher education, it is the beginning of a new transition in life. Setting up a business is no hassle to an expat. You can also get assistance from friendly locals for business and professional endeavors and even in adjusting and gelling in the new country and culture. Locals have all the more reason to love the country for the numerous opportunities and the government’s care for the welfare of their citizens.