A free trade policy ensures that there are minimal restrictions on the import and export of goods. Almost all commodities, and consumer and industrial items enter and leave the country free from duty charges. At the same time, Free Trade Zones allow for import, export and customs formalities to be kept to a minimum, making transhipment and redistribution easy. This not only facilitates the efficient movement of trade, but also keeps the cost of trading in Singapore low. A combination of strategic investments, tax incentives , and research and development grants has attracted some 5,000 multinational companies to use Singapore as a base for their global operations.
Foreign investors can leverage on Singapore's strengths to capture opportunities in the region.
With its rich multicultural heritage, Singapore combines a truly cosmopolitan ambience with classic Asian hospitality. Singapore Trade Development Board. All rights reserved.