What’s the difference between doing business in Singapore VS Indonesia?
Based on the World Bank’s Ease of Doing Business Report 2020, Singapore is ranked #2 in the world while Indonesia is ranked #73.
With a population of just 5.6 million, what makes Singapore one step ahead of Indonesia?
This infographic will discuss the comparison of ease of doing business between both countries when it comes to incorporating your own company on indicators such as Demography, Company Incorporation Process, Corporate Tax Rate, Internet Speed and IP Protection Laws, get a macro outlook of both Southeast Asian countries and how easy it is to run a business there.
We also make special mention of Singapore’s robust startup eco-system, with its abundance of government grants, venture capital players and deal volume/value, which makes it one step ahead in ease of doing business in Singapore than Indonesia.
World Bank’s Doing Business (DB) 2020
|
||
|---|---|---|
| Rank | ||
| Measure | Singapore | Indonesia |
| Overall ranking | 2 | 73 |
| Starting a business | 4 | 140 |
| Dealing with construction permits | 5 | 110 |
| Getting electricity | 19 | 233 |
| Registering property | 21 | 33 |
| Getting credit | 37 | 48 |
| Protecting investors | 3 | 37 |
| Paying taxes | 7 | 81 |
| Trading across borders | 47 | 116 |
| Enforcing contracts | 1 | 139 |
| Resolving insolvency | 27 | 38 |
Rikvin’s content team includes in-house and freelance writers across the globe who contribute informative and trending articles to guide aspiring entrepreneurs in taking their business to the next level in Asia.
