Singapore’s Viable Growth: Gateway for Foreign Financial Professionals
Singapore has steadily maneuvered an ascent to be a strong financial center of Asia, now acclaiming international repute. This expansion which took place in four decade, added new dimensions to the banking, insurance and other financial fields in Singapore. The robust growth in the financial sector has proven to be a great lure for foreign financial professionals to foresee a career expansion in Singapore.
Much credit has been given to Singapore’s government for creating greater avenues for professionals. Also, the strict yet flexed immigration rule garner greater interest. There are numerous Singapore visa options like Singapore Employment Pass, Singapore Entrepass and Singapore Work Visa to be chosen from to enter this land of opportunities.
In the list of the world’s Top 5 foreign exchange trading centers, Singapore amassed 4th place, just hinting strongly of being a great commodities derivatives trading hub. Statically Singapore Exchange (SGX) is also a preferred enlisting of more than 800 international companies, further edifying claims to be a prominent capital market of Asia Pacific region.
A more close analysis of the financial sector of Singapore show array of reasons to assert its strong hold in Asia. Some have been spotted below;
1) Liquid Market, Pro Business Environment & Government Polices – These three factors have generated a great business momentum for Singapore. Especially governments free trade policies and liberal Singapore visa rules.
The judicial and legal system being efficient, Singapore has one of the best stable political structures. Low business start ups and entrepreneur friendly services are another factor in this series.
2) Sustainable & Sophisticated Infrastructure – Without any comparison, Singapore has indeed got a state of the art infrastructure which makes it the most livable cities of the world. The availability of excellent facilities and amenities of this place make relocation trouble free.
And it is only because of excellent telecommunication services in Singapore that a seamless business and financial transactions can run 24X7.
3) Best Suited Cost Competitiveness – With lowest corporate income tax in the Asia Pacific region you will find Singapore to be racing ahead in cost competitiveness.
4) Availability of Talent – Exceptionally, there is no dearth of skilled workforce both off shore and local in Singapore. Plus being the best work destinations internationally makes Singapore pooling the best of the minds from across the globe.
5) Most Strategic Business Location – Nestled ideally in the heart of Southeast Asia, Singapore can cater to markets around which are also the most prominent once. This has tremendously increased its share in the global market.
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