Cost Competitiveness and Business Infrastructure

Singapore remains highly cost competitive compared with other major financial centres.

Financial institutions benefit from Singapore’s world-class infrastructure and connectivity. Singapore has built on its advantageous geographical location to become one of the world’s top trading and transportation hubs. Located right in the middle of the Asian timezone, Singapore maintains excellent connectivity and proximity to major Asian economies. Financial institutions in Singapore can also tap on our extensive network of free trade agreements (FTAs) and Comprehensive Avoidance of Double Taxation Agreements (DTAs). Singapore has the most extensive network of FTAs in Asia. Agreements have been signed with key economies such as US, Japan, Australia, New Zealand, members of the European Free Trade Association, Jordan, China, Chile, South Korea, India and Panama. Our network of DTAs with more than 70 countries works to the advantage of financial institutions using Singapore as their regional or global hubs.

Last Modified on 04/04/2018