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Whether you are an established multinational seeking to increase your footprint in Asia, or a new entity just setting out, we will seamlessly guide you from incorporation to maturity anywhere in the region and beyond.
Seamlessly expand into Asia.
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About Acclime.
Acclime is an Asia-focused corporate services specialist trusted to deliver with speed, flexibility and precision. We have a genuine, on-the-ground presence in all of Asia’s hardest-to-navigate markets. By staying on top of regulatory changes, we help our clients manage local governmental and administrative compliance issues quickly, with a minimum of fuss.
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Latest news.
All news & insights

5 December, 2023
Acclime appoints Miguel Latorre as Hong Kong Managing Director

30 November, 2023
How to successfully expand a business into Asia

29 November, 2023
How to choose an Employer of Record partner in Asia

29 November, 2023
Doing business in Asia: Common challenges and opportunities

Doing business in Singapore.

Doing business in Singapore

Singapore is a competitive and resilient first-world economy with a high standard of living, and as such, has long been the Asian base for Global businesses.

In 2018, the World Bank reported 100% primary school admissions, a life expectancy of 83 and a GNI per capita of USD 59,590. In the October 2019 World Economic Forum’s Global Competitiveness Report, Singapore scored 85 points out of a possible 100, placing it above the United States, Hong Kong, the Netherlands and Switzerland in the top five. In June 2020, Singapore retained its number 1 spot in the IMD World Competitiveness Ranking. Developments in technology, finance, engineering, and sustainability have led Singapore to be the head office for many Asian companies. You know what Singapore offers. This resource will provide more information to support your decision-making to set up your business, office or Asia regional hub.

Singapore at a glance. 🇸🇬

5.85 M

Population

#2

Ease of doing business*

#1

Economic freedom (Free)**

$372.1 B

GDP (2019)***

0.70%

GDP growth (2019)***

$59,590

GNI per capita (2019)***

Singapore Dollar (SGD)

Currency

Jan-Dec

Financial year****

Singapore Exchange (SGX)

Stock exchange

4.11%

Unemployment (2019)*****

GMT+8

Time zone

English, Malay, Tamil, Mandarin

Official languages

*
Source: https://www.doingbusiness.org/en/rankings
**
Source: https://www.heritage.org/index/ranking
***
Source: https://data.worldbank.org/
****
Default financial year unless granted a special approval
*****
Source: https://www.statista.com/

Essential insights

What you need to know to expand
your business into Singapore.

Reasons and benefits

Six reasons for setting up a business in Singapore

Challenges and solutions

Ten common challenges when starting a business in Singapore

Formation process

How to start a business in Singapore: Step-by-step guide

More resources.

Learn more about starting, managing and advancing your business in Singapore with the help of our expert resources.

News & insights.

Stay up to date with the latest news and insights regarding advancing your business in Singapore.

Guides.

Our corporate guides are the perfect starting point for learning more about doing business in Singapore.

Would you like to find a local Acclime expert in Singapore?