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Connections](https://www.edb.gov.sg/en/connections-concierge.html) [Contact EDB](https://www.edb.gov.sg/en/contact/contact-us.html) [ Find Connections](https://www.edb.gov.sg/en/connections-concierge.html) [ Contact EDB](https://www.edb.gov.sg/en/contact/contact-us.html) [ Subscribe](https://www.edb.gov.sg/en/subscription.html) [Skip to main content](https://www.edb.gov.sg/en/why-singapore/business-friendly-environment.html#main-content)  # Business-friendly environment   1st in the world for doing business1 1st in Asia for innovation2 2nd in Asia-Pacific for sustainability efforts3 ## We bolster your growth through pro-business policies Doing business in Singapore is made easy with our transparent and efficient regulatory framework. With digitised bureaucratic processes, you can incorporate your business in just 1.5 days. - ### Strong government support - ### Competitive tax regime - ### Compliance with global standards - ### Strong IP protection From [facilitative talent policies](https://www.edb.gov.sg/en/how-we-help/hiring-talent-in-singapore.html) to [sandboxes](http://www.mas.gov.sg/Singapore-Financial-Centre/Smart-Financial-Centre/FinTech-Regulatory-Sandbox.aspx) to test innovations, here’s how we support business growth. #### How the Singapore Government is helping businesses   **S\$4 billion** to support business growth and upskilling(i)  **Absorption of bank loan risk** (up to 70%) for new companies (\<5 years)(ii)  **S\$200 million** to support businesses in building digital capabilities(iii)  Grants to support training and building capabilities in research and innovation(iv)  Tax incentives for qualifying expansionary economic activities(v) *** [Learn how to set up your business in Singapore](https://www.edb.gov.sg/en/setting-up-in-singapore/setup-guides/setting-up-in-singapore-guide.html) Sources: (i)(ii) Ministry of Finance (MOF), Singapore Budget 2023, Budget Statement; (iii) Ministry of Trade and Industry, Budget 2022 Singapore Economy 2030: Seizing Opportunities, Energising Enterprises; (iv)(v) Singapore Economic Development Board Singapore’s tax regime aims to support substantive economic activities here for long-term, sustainable growth. We also have an extensive network of tax treaties with over 90 countries and territories. [Learn more about Singapore’s tax treaties](https://www.iras.gov.sg/irashome/Businesses/Companies/Working-out-Corporate-Income-Taxes/Companies-Receiving-Foreign-Income/Avoidance-of-Double-Taxation-Agreements--DTAs-/) #### Singapore’s tax system  | | | |---|---| | **Corporate income tax** | 17% corporate tax rate(i) 250% tax deduction for qualifying expenditure for eligible R\&D activities in Singapore(ii) | | **Other** | No capital gains tax(iii) No withholding taxes on dividend payments(iv) | [Learn more about tax for businesses in Singapore](https://www.iras.gov.sg/taxes/corporate-income-tax) Sources: (i) Inland Revenue Authority of Singapore (IRAS), Corporate Tax Rates; (ii) IRAS, Research & Development Tax Measures; (iii) IRAS, Gains from Sale of Property, Shares and Financial Instruments; (iv) IRAS, Payments That Are Not Subject to Withholding Tax (Accessed 10 February 2023) As business models evolve and economic circumstances shift, you can be assured that Singapore will strive to provide upfront certainty, where possible, and uphold the necessary standards. This includes incorporating the necessary directions from the OECD against Base Erosion and Profit Shifting (BEPS). #### Measures to ensure trust and enable tax certainty in Singapore  **Clear transfer pricing guidelines** The Inland Revenue Authority of Singapore (IRAS) publishes clear and consistent [guidelines on appropriate transfer pricing methodologies](https://www.iras.gov.sg/irashome/Businesses/Companies/Working-out-Corporate-Income-Taxes/Specific-topics/Transfer-Pricing/) that businesses in Singapore have to adopt. The guidelines cover special topics such as business models with centralised activities in multinational enterprise groups. **Dispute prevention facilities** - [Advance Pricing Arrangements](https://www.iras.gov.sg/irashome/Businesses/Companies/Working-out-Corporate-Income-Taxes/Specific-topics/Transfer-Pricing/Transfer-Pricing-Administration/)help companies avoid transfer pricing disputes and obtain early tax certainty for related party transactions. These can include relevant tax treaty partners, if necessary. - [Mutual Agreement Procedures](https://www.iras.gov.sg/irashome/Quick-Links/International-Tax/Mutual-Agreement-Procedure/)enable IRAS and relevant foreign competent authorities to resolve disputes regarding the application of the avoidance of double taxation agreements. **Advance tax rulings made public** [Advance tax rulings](https://www.iras.gov.sg/irashome/Businesses/Companies/Working-out-Corporate-Income-Taxes/Specific-topics/Advance-ruling-system-for-income-tax/About-Income-Tax-Advance-Ruling/) provide written interpretations of the Income Tax Act on how specific issues arising from a proposed arrangement should be treated for tax purposes. Singapore’s intellectual property (IP) regime is consistently ranked among the best in the world. By promoting a progressive IP regime, the Singapore Government ensures that the right regulations are in place to protect your business interests while still enabling the free exchange of ideas. [Explore IP resources to help scale your innovation](https://www.edb.gov.sg/en/our-industries/headquarters/intellectual-property.html) For Grab, a leading tech platform in Southeast Asia with a robust portfolio of patents in areas like mobility, food delivery and geo-location technologies, it’s important to seek patent protection across the region in which it operates. The ASEAN Patent Examination Cooperation (ASPEC), has provided Grab with a coordinated and efficient approach, in a single working language, to do exactly this. The ASPEC is a regional patent work-sharing programme that allows for a faster patent grant process under specified conditions. Our enhanced IP protection framework, including mediation and enforcement programmes, has resulted in Singapore having the highest number of registered patents in Southeast Asia. #### Singapore’s world-leading intellectual property regime   **1st** in Asia and 2nd worldwide for strong intellectual and physical property rights protection(i)  **World's fastest approval** for artificial intelligence (AI) patents—within 6 months for eligible applications(ii)  **Faster patent to grant** pipeline in partner countries for Singapore patent-holders via joint patent acceleration initiativess(iii)  **Well-connected to IP offices globally,** allowing companies to file IPs in other markets efficiently(iv) Sources: (i) Property Rights Alliance, International Property Rights Index 2023; (ii)(iii)(iv) Intellectual Property Office of Singapore (IPOS), Acceleration Programmes **Strong government support***add* **Competitive tax regime***add* **Compliance with global standards***add* **Strong IP protection***add* ## A hub for innovation, talent, and capital ### Headquarters for leading companies Singapore is a business hub for the world's globally leading companies. We are the most popular regional headquarters destination in the Asia-Pacific4, and many companies have their global and regional functions, mandates, or business units in Singapore. All major US tech companies have a substantial presence here and we are a key location for manufacturing and supply chain management in Asia. Our proximity to fast growing markets in the Asia-Pacific and Southeast Asia, strong talent pool, connectivity, and innovative and business friendly environment, make us an attractive headquarters location. We are ranked first in the Asia-Pacific and second globally for our ability to grow, attract, and retain talent5. Our rich business ecosystem allows businesses to collaborate with top multinational companies as well as our [286,000 small and medium enterprises](https://invest.edb.gov.sg/find-government-support/mnc-le-partnerships) and 4,500 tech startups. - Learn more about [setting up headquarters in Singapore](https://www.edb.gov.sg/en/our-industries/headquarters.html) - Explore our vibrant startup ecosystem and discover new business opportunities at [Startup SG Network](https://www.startupsg.net/directory) Sources: 4 Orbis Crossborder Investment Database 5 Insead’s 2023 Global Talent Competitiveness Index ### Leading innovation centre in Asia - desktop image: - mobile image:  Source: Global Innovation Index, Innovation Trends and Report 2025 (Asian economies only) Singapore has built a vibrant ecosystem featuring global R\&D and innovation labs for leading Fortune 500 companies from Dell Technologies to Salesforce, as well as over 150 venture capital firms, incubators and accelerators. We continue to build on our innovation capabilities. The S\$37 billion Research, Innovation and Enterprise 2030 (RIE2030) plan will further strengthen national research capabilities and encourage industry-relevant innovation. [Learn more about RIE2030](https://www.edb.gov.sg/en/business-insights/insights/singapore-invests-s37-billion-in-rie2030-research-plan-semiconductors-ageing-among-focus-areas.html) ### Advanced manufacturing hotspot With our deep engineering and innovation capabilities, Singapore is recognised as a global leader in high-value manufacturing and the world’s fifth-largest9 exporter of high-tech products. We continue to be a key global manufacturing site for critical products in high-value sectors to serve international demand – accounting for one in ten of all chips produced worldwide, supplying 90% of the global share of microarray chips, and four of the top five pharmaceutical companies by global revenue have manufacturing facilities here. We have one of Asia’s largest and most diverse aerospace ecosystems, with over 130 aerospace companies. We have five10 World Economic Forum “lighthouse factories” – the most in Southeast Asia – belonging to Coca-Cola, Micron, Infineon, Agilent Technologies, and HP Singapore. - [Learn more about advanced manufacturing in Singapore](https://www.edb.gov.sg/en/our-industries/advanced-manufacturing.html) - [Download this guide for essential resources to Singapore’s robust advanced manufacturing ecosystem](https://www.edb.gov.sg/en/setting-up-in-singapore/business-guides/manufacturing-the-future-from-singapore.html) Sources: 9 [World Bank Group, High-technology exports (current US\$)](https://data.worldbank.org/indicator/TX.VAL.TECH.CD) 10 [World Economic Forum, Global Lighthouse Network](https://initiatives.weforum.org/global-lighthouse-network/home) ### Asia’s hub for green growth Singapore’s Green Plan 2030 outlines our approach to advancing the sustainability agenda. We are helping businesses operate in a more green and sustainable manner by: - Improving access to renewable energy through innovation and regional collaboration - Harnessing technology to advance decarbonisation pathways - Building an ecosystem with expertise and solutions to support companies with the energy transition - Developing Jurong Island into a global sustainable Energy and Chemicals Park Businesses can use Singapore as a springboard to capture green growth opportunities in Asia in [carbon services](https://www.edb.gov.sg/en/our-industries/carbon-services.html) and [renewable energy](https://www.edb.gov.sg/en/our-industries/renewable-energy.html). [Learn about how a global city is going green](https://www.edb.gov.sg/en/our-industries/sustainability.html) ## Learn why Singapore is an attractive business destination  Advanced manufacturing in Singapore: Built for what’s next [Read more](https://www.edb.gov.sg/en/business-insights/insights/advanced-manufacturing-in-singapore-built-for-whats-next.html)  Singapore rolls out S\$1 billion support package as energy costs rise, expands corporate tax rebates and payouts [Read more](https://www.edb.gov.sg/en/business-insights/insights/singapore-rolls-out-s1-billion-support-package-as-energy-costs-rise-expands-corporate-tax-rebates-and-payouts.html)  Latest in Singapore’s sustainability scene that businesses should know – a round-up from January to March 2026 [Read more](https://www.edb.gov.sg/en/business-insights/insights/latest-in-singapores-sustainability-scene-that-businesses-should-know-a-round-up-from-january-to-march-2026.html) ## Useful resources Downloads*add* - [Guide to Why You Should Invest in Singapore](https://www.edb.gov.sg/en/setting-up-in-singapore/business-guides/invest-in-singapore-create-what-s-next.html) (3.5MB) - [Guide to Living in Singapore](https://www.edb.gov.sg/en/setting-up-in-singapore/setup-guides/guide-to-living-in-singapore.html) (950KB) - [Guide to Setting Up Your Business in Singapore](https://www.edb.gov.sg/en/setting-up-in-singapore/setup-guides/setting-up-in-singapore-guide.html) (614KB) - [Singapore's Tech Ecosystem](https://www.edb.gov.sg/en/setting-up-in-singapore/business-guides/singapore-tech-ecosystem.html) (16.1MB) - [Guide to Hiring Your Dream Tech Team in Singapore](https://www.edb.gov.sg/en/setting-up-in-singapore/setup-guides/guide-to-hiring-your-dream-tech-team-in-singapore.html) (2.6MB) Tools*add* - [Connections Concierge](https://www.edb.gov.sg/connections-concierge.html) ## More reasons to choose Singapore [ A great place to live](https://www.edb.gov.sg/en/why-singapore/a-great-place-to-live.html) [ Asia's economic powerhouse](https://www.edb.gov.sg/en/why-singapore/an-economic-powerhouse.html) [ Global Connectivity and Future-ready Infrastructure](https://www.edb.gov.sg/en/why-singapore/singapore-connectivity-and-infrastructure.html) [ Global connectivity](https://www.edb.gov.sg/en/why-singapore/global-connectivity.html)  Reach out to us for information on how we can facilitate your investment journey [Contact EDB](https://www.edb.gov.sg/en/contact/contact-us.html?topic=setting-up-and-expanding-in-singapore)  The latest business insights and news delivered to your inbox Subscribe now *close* ##### **You Are Now Subscribed.** ##### Welcome to the EDB INSIGHTS community. We have delivered a welcome note to your registered email. Kindly check your junk mail folder if you do not see the email in your inbox. To ensure our emails continue to reach your inbox instead of the junk mail folder, please safelist our email address by following this step-by-step guide. [View insights](https://www.edb.gov.sg/en/business-insights/insights.html) ## Subscribe to our e-newsletter for Market Insights, Industry Guides and Exclusive Events  ## Subscribe to our e-newsletter for Market Insights, Industry Guides and Exclusive Events  Market Insights  Industry Guides  Exclusive Events The information collected will be kept confidential and will help us serve you better. All fields marked (\*) are required when completing this form. References*keyboard\_arrow\_down* 1. [Economist Intelligence Unit, Business Environment Rankings 2023](https://www.eiu.com/n/eius-business-environment-rankings/) 2. [Global Innovation Index, Innovation Trends and Report 2024](https://www.wipo.int/en/web/global-innovation-index/2024/index) 3. [Arcadis, The Arcadis Sustainable Cities Index 2024](https://connect.arcadis.com/sustainable-cities-index-report-2024-global) **Singapore Economic Development Board (EDB)** [About EDB](https://www.edb.gov.sg/en/about-edb/who-we-are.html "About EDB") [Careers](https://www.edb.gov.sg/careers.html "Careers") [EDB Portal](https://portal.edb.gov.sg/ "EDB Portal") [Procurement](https://www.edb.gov.sg/en/other-pages/procurement.html "Procurement") [Useful Links](https://www.edb.gov.sg/en/useful-links.html "Useful Links")  250 North Bridge Road \#28-00 Raffles City Tower Singapore 179101  \+65 6832 6832  [client\_services@edb.gov.sg](mailto:) [Contact EDB](https://www.edb.gov.sg/en/contact/contact-us.html?topic=setting-up-and-expanding-in-singapore "Contact EDB") [Feedback](https://www.edb.gov.sg/en/contact/contact-us.html "Feedback") [](https://www.linkedin.com/company/singapore-economic-development-board/ "LinkedIn") [](https://www.instagram.com/singapore_edb/ "Instagram") [](https://www.facebook.com/EDBsg/ "Facebook")  Scan the QR code to follow our WeChat account "BusinessSingapore"  [](https://www.youtube.com/@SingaporeEDB "YouTube") [Contact EDB](https://www.edb.gov.sg/en/contact/contact-us.html?topic=setting-up-and-expanding-in-singapore "Contact EDB") [Feedback](https://www.edb.gov.sg/en/contact/contact-us.html "Feedback") [](https://www.linkedin.com/company/singapore-economic-development-board/ "LinkedIn") [](https://www.instagram.com/singapore_edb/ "Instagram") [](https://www.facebook.com/EDBsg/ "Facebook")  Scan the QR code to follow our WeChat account "BusinessSingapore"  [](https://www.youtube.com/@SingaporeEDB "YouTube") *** - [Report Vulnerability](https://www.tech.gov.sg/report_vulnerability "Report Vulnerability") - [Whistleblowing](https://www.edb.gov.sg/en/other-pages/whistleblowing.html "Whistleblowing") - [Privacy](https://www.edb.gov.sg/en/other-pages/privacy.html "Privacy") - [Terms](https://www.edb.gov.sg/en/other-pages/terms.html "Terms") - [Sitemap](https://www.edb.gov.sg/en/other-pages/sitemap.html "Sitemap") - [Privacy Policy and Imprint](https://www.edb.gov.sg/en/other-pages/privacy.html#imprint "Privacy Policy and Imprint") - [Manage your cookie preferences](https://www.edb.gov.sg/en/why-singapore/business-friendly-environment.html "Manage your cookie preferences") © 2026 Singapore Economic Development Board. All Rights Reserved. Last updated: 25 Feb 2026 [Subscribe](https://www.edb.gov.sg/en/subscription.html) *close*  ###### Thanks for stopping by! Next time, let us come to you. ###### ###### **Stay connected to growth opportunities and curated resources for your business expansion into Asia.** [Sign up for our e-newsletter](https://www.edb.gov.sg/en/subscription.html) 

Doing business in Singapore is made easy with our transparent and efficient regulatory framework. With digitised bureaucratic processes, you can incorporate your business in just 1.5 days. - Strong government support - Competitive tax regime - Compliance with global standards - Strong IP protection #### How the Singapore Government is helping businesses   **S\$4 billion** to support business growth and upskilling(i)  **Absorption of bank loan risk** (up to 70%) for new companies (\<5 years)(ii)  **S\$200 million** to support businesses in building digital capabilities(iii)  Grants to support training and building capabilities in research and innovation(iv)  Tax incentives for qualifying expansionary economic activities(v) *** [Learn how to set up your business in Singapore](https://www.edb.gov.sg/en/setting-up-in-singapore/setup-guides/setting-up-in-singapore-guide.html) Sources: (i)(ii) Ministry of Finance (MOF), Singapore Budget 2023, Budget Statement; (iii) Ministry of Trade and Industry, Budget 2022 Singapore Economy 2030: Seizing Opportunities, Energising Enterprises; (iv)(v) Singapore Economic Development Board ### Headquarters for leading companies Singapore is a business hub for the world's globally leading companies. We are the most popular regional headquarters destination in the Asia-Pacific4, and many companies have their global and regional functions, mandates, or business units in Singapore. All major US tech companies have a substantial presence here and we are a key location for manufacturing and supply chain management in Asia. Our proximity to fast growing markets in the Asia-Pacific and Southeast Asia, strong talent pool, connectivity, and innovative and business friendly environment, make us an attractive headquarters location. We are ranked first in the Asia-Pacific and second globally for our ability to grow, attract, and retain talent5. Our rich business ecosystem allows businesses to collaborate with top multinational companies as well as our [286,000 small and medium enterprises](https://invest.edb.gov.sg/find-government-support/mnc-le-partnerships) and 4,500 tech startups. - Learn more about [setting up headquarters in Singapore](https://www.edb.gov.sg/en/our-industries/headquarters.html) - Explore our vibrant startup ecosystem and discover new business opportunities at [Startup SG Network](https://www.startupsg.net/directory) Sources: 4 Orbis Crossborder Investment Database 5 Insead’s 2023 Global Talent Competitiveness Index Leading innovation centre in Asia  Source: Global Innovation Index, Innovation Trends and Report 2025 (Asian economies only) Singapore has built a vibrant ecosystem featuring global R\&D and innovation labs for leading Fortune 500 companies from Dell Technologies to Salesforce, as well as over 150 venture capital firms, incubators and accelerators. We continue to build on our innovation capabilities. The S\$37 billion Research, Innovation and Enterprise 2030 (RIE2030) plan will further strengthen national research capabilities and encourage industry-relevant innovation. [Learn more about RIE2030](https://www.edb.gov.sg/en/business-insights/insights/singapore-invests-s37-billion-in-rie2030-research-plan-semiconductors-ageing-among-focus-areas.html) ### Advanced manufacturing hotspot With our deep engineering and innovation capabilities, Singapore is recognised as a global leader in high-value manufacturing and the world’s fifth-largest9 exporter of high-tech products. We continue to be a key global manufacturing site for critical products in high-value sectors to serve international demand – accounting for one in ten of all chips produced worldwide, supplying 90% of the global share of microarray chips, and four of the top five pharmaceutical companies by global revenue have manufacturing facilities here. We have one of Asia’s largest and most diverse aerospace ecosystems, with over 130 aerospace companies. We have five10 World Economic Forum “lighthouse factories” – the most in Southeast Asia – belonging to Coca-Cola, Micron, Infineon, Agilent Technologies, and HP Singapore. - [Learn more about advanced manufacturing in Singapore](https://www.edb.gov.sg/en/our-industries/advanced-manufacturing.html) - [Download this guide for essential resources to Singapore’s robust advanced manufacturing ecosystem](https://www.edb.gov.sg/en/setting-up-in-singapore/business-guides/manufacturing-the-future-from-singapore.html) Sources: 9 [World Bank Group, High-technology exports (current US\$)](https://data.worldbank.org/indicator/TX.VAL.TECH.CD) 10 [World Economic Forum, Global Lighthouse Network](https://initiatives.weforum.org/global-lighthouse-network/home) ### Asia’s hub for green growth Singapore’s Green Plan 2030 outlines our approach to advancing the sustainability agenda. We are helping businesses operate in a more green and sustainable manner by: - Improving access to renewable energy through innovation and regional collaboration - Harnessing technology to advance decarbonisation pathways - Building an ecosystem with expertise and solutions to support companies with the energy transition - Developing Jurong Island into a global sustainable Energy and Chemicals Park Businesses can use Singapore as a springboard to capture green growth opportunities in Asia in [carbon services](https://www.edb.gov.sg/en/our-industries/carbon-services.html) and [renewable energy](https://www.edb.gov.sg/en/our-industries/renewable-energy.html). [Learn about how a global city is going green](https://www.edb.gov.sg/en/our-industries/sustainability.html)