Singapore Tops List of Top Places To Live In
Singapore has proven that a small and humble city can make it on top of world’s lists with a headstrong ambition and finance savvy. According to a recent report published by The Economist, Singapore ranks on the top of the list of best places to be born in Asia, overtaking major economic bigwigs, Hong Kong, Tokyo and Shanghai. Factors that contributed to the ranking were life expectancy, GDP per person, financial stability and Singapore’s low crime rate.
Meanwhile, global human resource firm Mercer has ranked Singapore on top of the list of Asian cities for its quality of living, based on its Quality of Life 2012 survey. Singapore also ranked first on Mercer’s list of global infrastructure survey.
Singapore has also been hailed as the World’s Healthiest Country by Bloomberg and Most Livable City in Asia for Expats by ECA International early this year. Singapore has also been named as the World’s Easiest Place to Do Business by the World Bank.
Singapore owes these accolades for its impressive performance in various industries for delivering a high standard of life for its residents. Singapore’s business-conducive and open economy, stable political and social milieu, world-class healthcare and educational systems, infrastructures, and most of all, its favorable tax rate all contribute to the city state’s high ranking in global indexes and surveys.
Despite the government’s plans to tighten workforce policies and the granting of passes, Singapore is still being considered as a foremost destination in Asia for professionals and businesses alike for work and relocation. This only goes to show that the world has recognized Singapore’s potential for business expansion and high quality of life.
Singapore’s headline corporate tax rate of 17% is considered one of the cheapest in the world, and its bilateral trade agreement with over 60 countries have made it a trading haven for foreign and local businesses.