Singapore – APEC Star Performer
According to the Study Report of the 2007 Individual Action Plan Peer Review of Singapore, which was released in late August 2008, Singapore is a "star APEC performer" and "on track to meet the Bogor goals" of free and open trade and investment by 2010. According to the report Singapore has made rapid progress towards the Bogor goals in all categories, which has placed Singapore at the forefront of Asia Pacific economic Cooperation (APEC) economies. Established at the meeting of APEC Leaders' in Bogor, Indonesia, in 1994, the Bogor Goals set the target of free trade and investment in the APEC Region at 2010 for industrialized economies and 2020 for developing economies.
The report said that Singapore takes justifiable pride in a 40-year development strategy that has enabled the economy to move up the value chain by adopting measures to respond to the changing global economy. The report said that Singapore has consistently strive to facilitate WTO business and the evolution of the Doha negotiations. Singapore’s trade regime reflects its embrace of globalization. Tariffs are applied on only six tariff lines. Non-tariff barriers do not exist except for those consistent with WTO rules related to universal public policy interests of health, safety and security. Singapore also has one of the most liberal services regimes in the world. Singapore’s liberal investment regime and predictable, transparent and market friendly policies have enhanced Singapore’s attractiveness as an investment destination. Singapore is also one of the most open economies for the movement of business people.
Commenting on the remarks of the analysts Ms. Ragini Danvantray of Rikvin Consultancy says,
“Singapore reacts to the challenges of globalization by constantly reinventing itself through policy adaptations which are friendly, proactive, transparent and viable for enterprises of all sizes. It attempts to create a level playing ground and ensures its resources are efficiently shared, and also accelerate liberalization. Pervasive integrity, stable governance, adherence to international best practices promotes trade, investment and overall a thriving enterprise friendly ecosystem. This is the reason why many international companies choose to establish their regional headquarters here and many start ups find it the best launching pad for their ventures.”
Rikvin consultancy provides highly professional company incorporation services, both in attractive standard packages as well as customized services. Online incorporation being a hallmark service, other services of Rikvin include.
- Offshore Incorporation
- Singapore Immigration -EntrePass / Employment Pass
- GST Registration
- Accounting Services
- Tax Planning & Consulting
- Business Plan Drafting
Tags: accounting, business, company, gst, immigration, incorporation, offshore, registration, singapore, tax
Interested to set up a business in Singapore? We can help with your Singapore company formation.
