Opportunities in Singapore – APPLY NOW!

Singapore is a global financial center whose economy is ranked the most open and pro-business in the world, with low tax rates and GDP per capita of USD 56,287. Its economy is growing at 2.7% p.a. with annual inflation at 1.5%.

With a population of 5.5 million, Singapore is Thailand’s 6th-largest trading partner. Its currency is the Singapore dollar.

Singapore is a magnet for international investment. It is a global financial center right in the heart of Southeast Asia and one of the most open, competitive and pro-business economies in the world.

Bangkok Bank

Our Singapore branch opened in 1957 and today is an important regional hub serving clients from Singapore and across the world.

Opportunities

Singapore is one of the busiest ports in the world with a higher trade-to-GDP ratio than any other economy. This creates many opportunities across a broad range of areas including shipping, logistics, finance, legal and related services.

Singapore’s favorable geographical position, attractive tax regime, investment incentives, stable political environment, transparent legal framework, sophisticated financial system and skilled labor force make it an ideal regional base. Already there are thousands of multinational companies based in the city state, with many using it as an entry point for Asia. Thanks to its open business environment and competitive advantages Singapore is a leading global financial center and has particular strengths in areas such as commodity and foreign-exchange trading, offshore renminbi trading and wealth management.

Challenges

Singapore is highly dependent on the global economy and so is vulnerable to external shocks. The open nature of its economy means it is highly competitive and this can squeeze profit margins. Business costs can be high, especially for office rentals and labor.

Tips for investing and doing business

The Singapore business culture is a mix of modern Western practices and traditional Eastern values. As with other Asian countries, relationships and status are very important. English is the main language for doing business. People are very practical and like to move quickly once an agreement has been reached.

Singapore people are highly entrepreneurial and cosmopolitan and very interested in expanding overseas. This means they can be excellent partners for companies investing in other parts of Asia.

To find out more about these exciting opportunities, please contact:

Mr. Art Medhapipatkul, General Manager, Singapore Branch

Tel: (65) 6410 0400

Email: customersvc.SG@bangkokbank.com

Note: Information up-to-date as of October 2017