Singapore taxes support economic growth and that is by design. Whereas some countries use taxes merely as a way to collect revenue for government operations, Singapore has chosen to use taxes as a business incentive tool. The country has been so successful at managing its use of tax funds and attracting new business that taxes did not have to be raised during the recent economic crisis. Singapore boasts a large foreign reserves fund and its economic boom is testament to its successful management of money.

There are many reasons to come to Singapore. Many people choose the stable business environment. It represents the perfect area to begin many different types of businesses, and you may decide on a Singapore relocation. Before you do, take these tips into consideration.

Make a Plan
Sit down and write your plan on paper. Are you 100 percent sure why you are relocating to Singapore? Write down your short term and long term goals that you wish to achieve by making the move.

Singapore’s financial market landscape will have a new player by the end of August – the Singapore Mercantile Exchange (SMX), the first pan-Asian multi-product exchange. The Monetary Authority of Singapore (MAS) granted ‘Approved Exchange’ (AE) status to SMX on 12 August 2010, the final approval needed to operate as a regulated and licensed exchange.