Established in 1819 as a trading post for the East India Company, Singapore became a sovereign British territory in 1824, and grew to become a major trading hub for the East. While goods trade has remained a consistent economic driver, business services and a market driven economy have become the distinguishing qualities that led Singapore to become the fourth largest business centre in the world.The key competitive advantages for investors offered by Singapore are:
- Low taxes and business friendly regulatory structure
- Stable and corruption free political system
- Excellent strategic location
- Low trade barriers and welcoming attitude to foreign investment
The currency of Singapore is the Singapore Dollar (SGD).
The legal system of Singapore is based on English Common law.
As a widely recognised international finance centre, Singapore is attractive for the following services:
- Private Trusts
- Exempt Private Company
- Limited Liability Company
- Limited Liability Partnership
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