PwC: Singapore is the No.1 City of Opportunity in Asia
We have been highlighting why Singapore is one of the best place to do business in the World and its leading positions in varies dimensions including technology readiness and innovation, transport and infrastructure, and legal framework all speak for itself.
The latest publication by PwC on “Cities of Opportunity” adds to Singapore’s long list of accolades.
It is highlighted that London, Singapore, Toronto and Paris top the 2016 benchmark of the broad urban qualities that make 30 global business, finance and culture capitals successful.
In fact, Singapore tops world ranking in all three dimensions of technology, infrastructure and ease of doing business we mentioned above, and adds to it a competitive corporate tax rate where new businesses enjoy as much as S$100,000 of tax free profits and effective tax rates of as low as 10% for a half-a-million-dollar profit business.
While global metropolitans like London remains the global No.1 among thirty leading business centres ranked by PwC, Singapore has been actively forging collaborations and exchanges with these centres to stay competitive and ahead of the curve. The latest Fintech bridge announced by the UK’s regulatory body of Financial Conduct Authority (FCA) is a great example.
For detail of PwC’s report, you may refer here.