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Invest In Singapore
Singapore, a small, 270 miles sq concealed island in Asia, has of late drawn the attention of many investors from all over the world. The infrastructure of the country is maintained at very high standards. The per-capita income of the small island has been found to be very high, and the fact that Singapore has very educated workers and that the country has very low tax rates makes the place suitable for investment.
Moreover, another reason to invest in Singapore is because of the low crime and corruption occurrences in the country. Singapore does not have many natural resources compared to most countries, but one resource that the country has made the best out of is the port it has. The government has used a great amount of money to build and develop the shipping industry, so as to highly boost its export and importation sector. Besides this, the country has also ventured into the electronics, technology, and finance industries.
A substantial amount of chief schemes of development have been applied to ensure the growth of industries such as tourism, real estate, retail, vacation, building and manufacture. Of late, a lot of attention has been given to the Singapore service industry. The education, science and technology industries in Singapore have shown a great upward trend, not to mention that research and development has also become a major sector of investment by the government.
It is of great importance for anyone planning to invest in Singapore to know that Singapore does more exporting than importing. The main exports include user electrical, semiconductors and other similar products, though the government is working on diversifying the types of exports made.
The already stable economy of Singapore was made even better in 2007. The prices in the real estate sector rose with over 30percent, and this was recorded to be one of the greatest rises in the world. Amazingly, gambling, which is originally associated to Las Vegas has also become a booming business in which one can invest in Singapore. Singapore now has the world’s largest casino, which goes by the name Macau. There are two other major resorts licensed to have billion dollars worth casinos in Singapore.
Singapore has also started participating in the billion dollar industry, the sports industry. In 2007, it hosted the night race, and in 2010 the first Youth Olympic Games. This has helped a great deal in boosting the already grown economy of Singapore.
Why should one not comfortably invest in Singapore, when it is recorded that Singapore has met its financial and economic targets? To top it all up, the three major global economic shocks, which include the USA and Europe economic downturn, the SARS and the global economic droop all shook the world but Singapore almost went through it comfortably. Any affected sector in Singapore’s economy, though, quickly recovered and is now totally stable.
Considering the fact that the Singapore economy is very strong, the rate at which the global market will want to invest in Singapore will continue being on the rise.
Billy Chen
CEA Registration Number : R029372I
Tel: (+65) 88689999
Fax: (+65) 64021826
billy@billychen71.com
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