Singapore is a highly developed Asian country comprising highest percentage of millionaires. It is one of the most famous financial hubs of the world. Singapore has about sixty semi conductors companies which share eleven percent of market share. Three of fortune five hundred companies is from Singapore only. The government policies here are growth friendly.
Singapore is a wealthy country and having plenty of opportunities to work. It ranked ninth in the world in Human Development Index. Overall, the people of Singapore are growing well in comparison to the people in other parts of the world. Two universities of Singapore is among the top twenty universities of the world. Singapore has diverse culture, languages, and religion. Harmony among the diverse people is regarded as one of the major pillar in the success as a developed country.
Bedok, Jurong West, Tampines, Woodlands, Sengkang, Hougang
With tropical rainforest climate, Singapore has no distinct seasons throughout the year. Temperature remain moderate between 23 °C to 32 °C throughout the year and with abundance of rainfall. Though temperature doesn’t vary much throughout the year, November to February is experienced wetter monsoon season.
Singapore has an AAA credit rating from several years by the world authorities. Foreign Direct Investment is the major driving force of Singapore’s economy. The port country has strict regulations against drug trafficking. It is regarded as one of the best countries for doing business. Tourism also is a big contributor to the GDP of the country. Nowadays, the government is promoting medical tourism in the country. Government’s this initiative is being successful too at some extent.
Singapore attracts investments from foreign countries because of the low tax rates, location, skilled workforce, developed infrastructure and zero tolerance for corruption. It is also regarded as tax heaven for wealthier people due to lower personal tax etc.
Moderate climate to live, quality life, quality education and health with lower tax are among a few for Singapore to attract people from across the world. People are highly skilled here and live in a fast-paced business culture. Education is supported by the government here. Health system of Singapore is respected as the sixth best by WHO. It has lowest infant mortality and life expectancy is higher here.
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