| Well established as a premier Asian
financial hub, Singapore offers a secure environment from
which individuals can manage their personal wealth.
The country has an impressive record of political stability
and stringent client confidentiality laws comparable to
those of Switzerland. The banking industry is strictly
regulated to the highest international standards.
The tax regime is also favorable, with no tax on interest
and capital gains for non-residents. There are no tax
or other barriers to the free entry and repatriation of
funds. Its legal system - based on English common law
and recognized as the most efficient in Asia - is an additional
advantage.
Singapore is also home to a vibrant stock exchange, the
world's fourth largest foreign exchange center, and more
than 700 international banks and other financial institutions.
The Singapore government actively promotes free enterprise
and is pursuing the asset management industry as a key
initiative of national development.
Over the years, Singapore's robust economic and financial
fundamentals, favorable regulatory and business environment,
strategic location, skilled and educated workforce, well-developed
telecommunications and infrastructure and high living
standards have attracted numerous leading international
financial institutions to set up operations in Singapore.
These reputable institutions have contributed to the vibrancy
and sophistication of Singapore's financial industry.
Today, Financial Services account for 11% of Singapore's
GDP.
Singapore: An Excellent Choice
SECOND MOST COMPETITIVE NATION IN ASIA
World Economic Forum 2003
LEAST CORRUPT COUNTRY IN ASIA
Transparency International 2003
BEST LEGAL SYSTEM
Political and Economic Risks Consultancy 2003
BEST COUNTRY TO DO BUSINESS IN THE ASIA PACIFIC
Economic Intelligence Unit 2003
BEST CORPORATE STANDARDS IN ASIA
Political and Economic Risks Consultancy 2003
For more information on Singapore, visit: Singapore
Info Site
|
Private
Banking Online
