1. Close to China, no language communication barriers

Singapore is located in the Strait of Malacca, an important shipping route between the Pacific and Indian Oceans. Its unique geographical location makes Singapore the center of Southeast Asia and the crossroads of Asia. Among Singapore citizens, Chinese are predominant, accounting for 75%. The text used is simplified Chinese and language communication is barrier-free; and the transportation between China and Singapore is convenient, the flight distance is short, and there is no time difference, which eliminates the pain of adjusting the time difference. It is convenient to contact relatives and friends in China.

2. With political stability and complete financial system, it is the country that can attract talents most in Asia

Singapore is also a multicultural country of immigrants, and promoting racial harmony is the core policy of government governance.

According to the 2018 Global Financial Center Index (GFCI) ranking report, Singapore is the fourth largest international financial center after London, New York, and Hong Kong; Singapore, as one of the world’s largest foreign exchange markets, ranks behind London, New York and Tokyo The world's fourth most active foreign exchange trading center.

Singapore is the preferred location for American, European and Japanese companies to set up their Asian headquarters. One-third of "Fortune 500" companies choose to set up their Asian headquarters in Singapore. Many Asian companies have also selected Singapore as a platform to enter the global market.

3. The safest country in the world with extremely low crime rate

The 2018 "Global Law and Order" report released by the American consulting firm Gallup pointed out that Singapore's overall law and order index ranked first in the world, with a score of 97, which is the best country in the world; 94% Of Singaporean respondents believe that it is safe to walk alone on the street at night, which is higher than the global average of 68%. This annual report aims to measure people's sense of security, confidence in the police, and experience of crime.

4. World-class medical standards and efficient medical systems are among the best in the world

Efficient medical system: Singapore's medical services are considered high-quality and efficient on a global scale. The World Health Organization WTO released the latest "World Health Report", which evaluated the medical systems of various countries, and Singapore ranked third in the world.

No. 1 Hospital in Asia: Selected by the authoritative American magazine Newsweek: Singapore General Hospital (SGH) was on the list, ranking first in Asia and third in the world.

Singapore's healthcare system consists of three levels:

1. General clinics, polyclinics, community hospitals, nursing homes

2. Government hospitals, private hospitals

3. Specialist hospitals, private hospitals in Singapore have sufficient resources and complement public hospitals. Public hospitals have a long waiting time and cannot freely choose a doctor. There is no medical subsidy for foreigners. Foreigners generally prefer to choose private hospitals that are faster and have better service experience.

Private hospitals have higher costs. Generally, foreigners will configure their own insurance, and can be reimbursed for hospitalization or manual surgery through medical insurance. 

5. The best Chinese-English bilingual education in the world, the world's first primary and secondary education, the first university in Asia, many well-known international schools, and the world's highly recognized

International schools in Singapore generally use IGCSE and IB courses. The IB diploma is recognized globally, and students can apply to major universities around the world after graduation.

In the past 6 years, Singapore's IB exam scores have been consistently ranked first in the Asia-Pacific. The IB score is 45 points, and the average score of Singapore candidates is 38.27, which is nearly 10 points higher than the average score of 29.21 for global candidates.

6. The world's third livable city in the world, the first in Asia for the quality of life, and the reputation of "Garden City"

The quality of life ranks No. 1 in Asia. Singapore enjoys the reputation of "Garden City". It is like summer in all seasons, with an average temperature of 24 to 32 degrees. In this era of rampant smog, Singapore has more than half of the green area.

7. First choice for tax planning/asset allocation

Singapore is one of the most low-tax countries in the world, with low personal income and corporate income tax rates, no inheritance tax, no capital gains tax, and no tax on overseas income.

Singapore's personal income tax implements a progressive tax rate system, and its tax rate is between 0%-22%. There is no tax on annual income below SGD 20,000, and the tax rate for annual income above SGD 320,000 is 22%.

In 2019, the tax rate for the first S$200,000 net profit of the newly registered company in the first three years is 6.375%, and the net profit exceeding S$200,000 is paid at the tax rate of 17%. Companies do not need to register for consumption tax if their annual turnover does not exceed SGD 1 million.

8. Convenient identity, global visa-free

Singapore's permanent resident status is very convenient for obtaining visas from European and American countries such as the United States, Australia, and the United Kingdom; if you apply to become a Singapore citizen after two years and hold a Singapore passport, you can get visa-free treatment in more than 180 countries, and you can work in Singapore at any time without first Apply for a work or employment pass. 

 

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