Invest in Singapore: Create what's next

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Invest in Singapore: Create what's next
Invest in Singapore:
Create what’s next
Invest in Singapore: Create what's next
INVEST IN...
                               Possibilities and reinvention

                               World-class business capabilities

                               A gateway to Southeast Asia’s rapid growth

                               BENEFIT FROM...
                               An economic powerhouse

                               An attractive business environment

                               A talent pool at your doorstep

                               A network across the globe

                               A future-ready infrastructure base

                               A world-class quality of life

                               TURN WHAT IF INTO WHAT'S NEXT
                               Invest in Singapore for business growth
02 |   Image courtesy of JTC
Invest in Singapore: Create what's next
A STORY OF PASSION
                  MADE POSSIBLE
                  Over five decades, Singapore has transformed
                  into a city of possibilities. As a country with
                  humble beginnings, we defied the odds to
                  enable the success of the most enterprising
                  businesses and brightest minds.

                  Today, the country is a top destination
                  in the world for business, economic
                  competitiveness, talent, and liveability.

                  Discover why we are your best business
                  partner and how we can help you unlock
                  new opportunities.

03 |   FOREWORD
                                                                    Image courtesy of JTC
Invest in Singapore: Create what's next
2000s                          2010s
                                                                                                       1980s                          1990s
                                       1960s                            1970s                          Growing our
                                                                                                                                      Expanding our
                                                                                                                                                                     Deepening our
                                                                                                                                                                     knowledge
                                                                                                                                                                                                    Fast-tracking
                                                                                                                                                                                                    our innovation
                                                                        Developing                                                    technology
                                       Building                                                        capital
                                                                        our skills
                                       our labour                                                                                                                                                   ACCELERATED
                                                                                                                                                                     BUILT A                        STARTUP GROWTH
                                                                                                                                      ENHANCED HUMAN                                                Established Block 71 at
                                                                                                                                                                     KNOWLEDGE-
                                                                                                       INVESTED IN                    RESOURCES                                                     JTC Launchpad @ onenorth,
                                                                        EDUCATED OUR                                                                                 BASED ECONOMY
                                                                                                       AIR AND SEA                    AND SOFT                                                      an entrepreneurship
                                       PIVOTED TOWARDS                                                                                                               Developed specialist
SINGAPORE                              EXPORT-LED
                                       INDUSTRIALISATION
                                                                        WORKFORCE
                                                                        Streamlined vocational
                                                                                                       TRANSPORT
                                                                                                       INFRASTRUCTURE
                                                                                                                                      INFRASTRUCTURE 15
                                                                                                                                      Created technology-focused
                                                                                                                                                                     research and
                                                                                                                                                                     development (R&D)
                                                                                                                                                                                                    workspace for startups,
                                                                                                                                                                                                    venture capital firms and
                                                                                                                                                                                                    tech incubators23
                                                                        training and established
CONSTANTLY
                                                                                                       Developed infrastructure for   business parks including       hubs including Biopolis,
                                       Developed manufacturing,         joint-training institutes,4    our world-leading aviation     Jurong Island Industrial       Fusionopolis and
                                       shipbuilding and tourism         attracting global MNCs         and transhipment hubs10,11     Cluster and Changi Business    Mediapolis @ one-north20       NURTURED AN
PURSUES
                                       through labour law reforms       seeking skilled labour5
                                       and education investments1                                                                     Park,16 and developed world-                                  INNOVATION
                                                                                                       ESTABLISHED                    class research-intensive                                      ECOSYSTEM
                                                                                                                                                                     DEEPENED R&D
POSSIBILITIES                          STIMULATED
                                                                        DEVELOPED
                                                                        PHARMACEUTICAL
                                                                                                       OUR CHEMICALS
                                                                                                       INDUSTRY
                                                                                                                                      universities17
                                                                                                                                                                     CAPABILITIES
                                                                                                                                                                     Doubled the number of
                                                                                                                                                                                                    Launched Digital Industry
                                                                                                                                                                                                    Singapore to help businesses
                                       GROWTH OF OUR
AND
                                                                        AND AEROSPACE                  Started Jurong Island          PROMOTED TRADE                 research scientists and
                                                                                                                                                                                                    capitalise on technology-
                                       SEAPORT ECONOMY                  INDUSTRIES                     petrochemicals complex,                                                                      sector opportunities,
                                       Launched Jurong Port2 and
                                                                                                                                      AND TECHNOLOGY                 engineers at universities
                                                                        Invested in technological      laying the foundation for                                                                    emerging as a top global
                                                                                                                                      TRANSFER
REINVENTION
                                                                                                                                                                     and research institutes21
                                       industrial estates to support                                                                                                                                hub for startup talent24
                                                                        infrastructure and attracted   one of the top refinery        Established the Singapore-
                                       heavy shipping industries
                                                                        market leaders to set up       and chemical export            Johor-Riau (SIJORI) growth
                                                                        industrial facilities6,7       hubs globally12                                               GlaxoSmithKline celebrated
                                                                                                                                      triangle18 (now known as                                      STRENGTHENED
                                       ESTABLISHED                                                                                    the SG+1 twinning model)       the 50th anniversary of
In the past 50 years, we have                                                                                                                                                                       ENTERPRISE
                                                                                                                                                                     the founding of Glaxo
                                       ROBUST                           Hamilton Sundstrand built      TRANSITIONED                   and ASEAN free trade                                          INNOVATION
                                                                                                                                                                     Singapore with a new
adapted to help businesses             MANUFACTURING                    an aircraft equipment parts    TO HIGH-VALUE                  area19
                                                                                                                                                                     vaccine plant here
                                                                                                                                                                                                    Invested in strategic
keep pace with global tides            INFRASTRUCTURE                   plant —our first major         TECHNOLOGY-                                                                                  Research, Innovation and
                                       Opened National Iron             investment in aerospace8                                                                                                    Enterprise programmes
                                                                                                       DRIVEN ACTIVITIES                                             Renewable Energy
of change.                             and Steel Mills in Jurong
                                                                                                       Focused on research and
                                                                                                                                      Exxon Mobil broke ground
                                                                                                                                                                     Corporation (REC)              and implemented
                                                                        Seiko Instruments opened                                      with its largest integrated
                                       Industrial Estate, instituting                                                                                                                               rigorous intellectual
                                                                                                       development, engineering       refinery and petrochemical     established its largest ever
                                       our leading semiconductor,       its first watch movement                                                                                                    property regimes25,26
                                                                                                       design, and computer           facility in Asia               solar plant here22
                                       electronics and information      factory outside Japan in
                                                                                                       software services,13
                                       technology manufacturing         Singapore9
                                                                                                       and established an             Jurong Island was officially                                  FAST-TRACKED
                                       industries
                                                                                                       international trading hub      opened with over S$20                                         INDUSTRY 4.0
                                                                                                       and financial centre14         billion in petroleum and                                      TRANSFORMATION
                                       National Semiconductor                                                                         petrochemical investments                                     Embarked on our strategic
                                       set up Singapore’s
                                                                                                       Apple Computer set up                                                                        Smart Nation initiative to
                                       first semiconductor
                                                                                                       a manufacturing facility                                                                     accelerate technological
                                       manufacturing facility
                                                                                                       in Singapore in 1988,                                                                        adoption and industry
                                                                                                       launching our capital-                                                                       digitalisation27
                                       Texas Instruments signed
                                                                                                       intensive high-tech
                                       a deal to manufacture
                                                                                                       manufacturing industry
                                       semiconductor and                                                                                                                                            Dyson invested in a digital
                                       integrated circuits here3                                                                                                                                    motors manufacturing
                                                                                                       Seagate anchored disk-drive
                                                                                                                                                                                                    facility in Singapore to
                                                                                                       manufacturing here in 1982
                                                                                                                                                                                                    increase its production
                                                                                                                                                                                                    capacity by 100%

                                                                                                                                                                                                    Micron Technology
                                                                                                                                                                                                    established its NAND flash
                                                                                                                                                                                                    memory fabrication facility
                                                                                                                                                                                                    and Centre of Excellence

04 |   INVEST IN...
       POSSIBILITIES AND REINVENTION
Invest in Singapore: Create what's next
World-class
                                                                                                                                           Top global                                                                                                          innovation
                                                                                                                                         business hub                                                                                                          centre                                                                1stGLOBALLY

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                                                                                                                                                                                                                                                                                                                                                                         Industry 4.0
                                                                                                      IN ASIA PACIFIC AND                                                                                                                                                                             FOR ENGLISH
                                                                                                           3RD GLOBALLY IN                                                                                                                                                                            PROFICIENCY
                                                                                                                                                                                                              GLOBALLY
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                                                                                                                                                                                                                                                                                                                                                                         destination
05 |   INVEST IN...
       WORLD-CLASS BUSINESS CAPABILITIES
Invest in Singapore: Create what's next
DISCOVER A MARKET OF OPPORTUNITIES
                                                    With its size, rapid development and digitally-savvy consumer
                                                    market, SEA offers firms sustained growth opportunities.

SINGAPORE IS                                        5th                         65%                           650                  US$300
A GATEWAY TO                                        largest single market       middle class                  million people       billion
                                                    Combined consumer           Over half its population      One of the largest   Tripling in size
SOUTHEAST                                           market value of             under the age of 30           consumer markets     between 2015
                                                    US$3 trillion47             and digitally-savvy48,49,50   in the world51,52    to 202553
ASIA’S RAPID
GROWTH
Beyond helping your business
succeed in Singapore, we help                                                                                                       LEVERAGE A ROBUST
you tap into opportunities                                                      A region of diverse                                 PRODUCTION BASE
across Southeast Asia (SEA).                                                    manufacturing capabilities

Asia already accounts for 60%
of global economic growth,43
and businesses are looking                                                                                                          Manufacturing capabilities   Talent
at SEA for the next chapter of
                                                                                                                                    Known for a range of         3rd largest labour force
Asia’s growth.44                                                                                                                    manufacturing capabilities   in the world offering
                                                                                                                                    offering resilient and       cost-competitive and
The region is set to become the                                                                                                     diverse supply chains54,55   skilled talent56
world’s fourth-largest economy
in the next decade,45 and is the
world’s fastest growing Internet
economy today.46
                                                                                                                                    Free trade agreements        Natural resources
                                                                                                                                    Extensive trade networks     Rich in resources
                                                                                                                                    help you remain              such as palm oil,
                                                                                                                                    competitive and trade        rice, and rubber57,58,59
                                                                                                                                    easily with the world

06 |   INVEST IN...
       A GATEWAY TO SOUTHEAST ASIA’S RAPID GROWTH
Invest in Singapore: Create what's next
ACCESS SOUTHEAST ASIA’S GROWTH
                                                                                  We are                                           Digital economy
                                                                                                                                   Ride the wave of SEA’s digital growth. Singapore’s
                                                                                  the bridge                                       ecosystem of innovation centres, tech talent, funding,
                                                                                  to SEA                                           and services lets you grow your digital business.
                                                                                                                                   Top tech companies with a presence here include
                                                                                                                                   Alphabet, Amazon, Facebook, and Microsoft60

                                                                                                           Sustainability                                                            Venture capital
                                                                                                           Lead greener growth.                                                      Access SEA’s active venture
                                                                                                           SEA’s green economy                                                       capital scene. Singapore
                                                                                                           will grow to US$1 trillion                                                accounts for over 50% of total
                                                                                                           by 2030. Create greener                                                   aggregate value of deals in the
                                                                                                           opportunities in Singapore,                                               region since 2014 and makes
                                                                                                           Asia’s most sustainable city61,62                                         up 75% of total venture capital
                                                                                                                                                                                     dollars invested in 201965

                                                                                                           Regional headquarters
                                                                                                                                                                                     Global connectivity
                                                                                                           Create synergies across the
                                                                                                                                                                                     Access the world from
                                                                                                           region. 46% of Asia regional
                                                                                                                                                                                     here. Coordinate regional
                                                                                                           headquarters are based in
                                                                                                                                                                                     activities with ease in
                                                                                                           Singapore, including Fung Group,
                                                                                                                                                                                     Singapore, one of the top
                                                                                                           Johnson & Johnson, Mastercard,
                                                                                                                                                                                     global logistics hubs66,67
                                                                                                           Pfizer, and Schneider Electric63,64

                                     LEVERAGE OUR NETWORKS AND RESOURCES

                                     Complementary advantages                                  Regional partnerships
                                     Our SG+1 twinning model lets companies combine            ASEAN Patent Examination Co-operation                    Southeast Asia Manufacturing Alliance
                                     our business advantages with those of our closest         Expedites patent application processes by                Enables manufacturers to tap a network
                                     neighbours – Johor in Malaysia, and the Batam,            sharing search and examination results                   of over 10 industrial parks across countries
                                     Bintan, and Karimun (BBK) islands in Indonesia            between nine offices in Southeast Asia68                 such as Indonesia, Malaysia, and Vietnam
                                                                                                                                                        to expand manufacturing footprints and
                                                                                               Global Innovation Alliance                               diversify supply chains70
                                                                                               Supports international startups with scaling up
                                     Explore SG+: Twinning for a winning                       in Asia by connecting them to overseas business          Watch our A SEA of Opportunity
                                     manufacturing strategy in SEA to learn                    and tech communities across 11 countries69               webinar series for executive insights
                                     about our synergistic manufacturing bases.                                                                         on opportunities in Southeast Asia.

07 |   INVEST IN...
       A GATEWAY TO SOUTHEAST ASIA’S RAPID GROWTH
Invest in Singapore: Create what's next
Build upon a stable
                                                                                                 and resilient economy
                                                                                             Depend on stability with our top marks in
                                                                                            political and operational stability71
                                                                                          Be supported by the rule of law
                                                                                         with our policymaking transparency72
                                                                                        Trust in our transparency with the
                                                                                       lowest corruption levels in Asia Pacific73
                                                                                      Count on strong labour support
                                                                                     with strong labour force participation74

AN ECONOMIC
POWERHOUSE                                                                                                                      Prepare for a
                                                                                                                                digital future
Invest in the future of
your business.                                                                                                            Lead in industrial R&D in advanced
                                                                                                                         manufacturing, engineering,
Base your operations in                                                                                                 health, biomedical sciences, urban
                                                                                                                       solutions, and sustainability, fast-
our strong and diversified                                                                                            tracked by our Research Innovation
economy that is rich in                                                                                              Enterprise 2025 programme77
opportunities for growth.
                                                                                                                    Create cutting-edge Smart City
                                                                                                                   solutions in urban living, transport, and
                                                                                                                  health, and benefit from digital-ready
                                            Find investors                                                       infrastructure, accelerated by our Smart
                                           for your business                                                    Nation initiative78,79
                                         Benefit from Singapore’s dynamic capital
                                                                                                              Design world-class Artificial Intelligence (AI)
                                       market. International listing hub Singapore
                                                                                                             solutions in transport, logistics, smart cities,
                                      Exchange (SGX) manages over S$2.4
                                                                                                            security, healthcare, and education, supported
                                     trillion in assets75
                                                                                                           by our national AI strategy80
                                     Access regional venture capital (VC)
                                    flows. Singapore’s VC liquidity dominates
                                   in Southeast Asia (SEA). Startups here
                                  generated 45% of regional tech investment
                                 exit proceeds in 2020, and 8 of SEA's 17
                                unicorns are based here76

08 |   BENEFIT FROM...
       AN ECONOMIC POWERHOUSE
Invest in Singapore: Create what's next
DIVERSIFIED SECTORS
                                         Our economy consists of globally leading industries, with our growing
                                         services sector bolstering our manufacturing-based economy.

                 AEROSPACE                           CONSUMER BUSINESSES                 CREATIVE INDUSTRIES               ELECTRONICS                       ENERGY AND CHEMICALS
                 We contribute 10% of global         We are a gateway to Asia,           We are a UNESCO Creative          Our semiconductor industry        We lead as the eighth largest
                 aerospace maintenance,              where consumer spending is          City of Design, leveraging        is Asia Pacific’s most diverse,   exporter of chemicals in 2017,
                 repair, and overhaul output81       on track to hit S$75 trillion       creativity, technology, and the   with S$90 billion (US$67.9        with over 100 global chemical
                                                     (US$55 trillion) by 203082          arts to create strategic value    billion) in output in 201785,86   firms in Singapore87
                                                                                         in urban development83,84

                 INFORMATION AND                     LOGISTICS AND SUPPLY                MEDICAL TECHNOLOGY                NATURAL RESOURCES                 OIL AND GAS EQUIPMENT
                 COMMUNICATIONS                      CHAIN MANAGEMENT                    We are home to more than          We are a hub for agri-            AND SERVICES
                 TECHNOLOGY                          We handle one-seventh               60 multinational MedTech          commodities, metals and           We are a top oil and gas hub in
                 We are the most digitally           of global container                 companies at the heart of         minerals, and home to             Asia and home to over 3,000
                 connected country in the            transhipment throughput,            Asia, the second largest          eight of the top 10 global        established marine and offshore
                 world, and home to global and       the most for any hub on             MedTech market in the world90     commodities trading firms91       engineering firms92,93
                 regional technology leaders88       the planet89

                 PHARMACEUTICALS AND                 PRECISION ENGINEERING               PROFESSIONAL SERVICES             URBAN SOLUTIONS AND
                 BIOTECHNOLOGY                       Over 2,700 firms here produce       Our specialist services,          SUSTAINABILITY
                 We manufacture six of the top       11% of global semiconductor         which include data analytics      We are an urban living lab for
                 10 drugs by global revenue and      equipment output96 and supply       and artificial intelligence,      companies creating green,
                 invested S$4 billion (US$2.9        to nine of the top 10 global        delivered S$31 billion            digital, and efficient urban
                 billion) in R&D between 2016        wafer fabrication equipment         (US$22.7 billion) of value        solutions for the region99
                 and 202094,95                       companies97                         between 2016 and 202098

09 |   BENEFIT FROM...
       AN ECONOMIC POWERHOUSE
Invest in Singapore: Create what's next
BENEFIT FROM                                 SCALE YOUR OPERATIONS
                                            PRO-BUSINESS POLICIES                        THROUGH OUR GLOBAL HUB
                                            Bolster your growth through our supportive   Discover how you can grow your business in one of
                                            policies and regulatory systems.             the most competitive economies in the world.

                                            Partner us for high-value                                               Be in Asia’s decision-
                                            economic activities                                                     making centre
                                            Innovation grants support                                               46% of global MNCs have their Asian
                                            research and development                                                headquarters in Singapore101
                                            training and capabilities                                               Over 500 investors and 200 incubators
                                            Expansion incentives support                                            and accelerators in our global network102
                                            corporate management
                                            functions such as headquarters                                          Access key business partners,
AN ATTRACTIVE                               and finance treasuries, as well
                                            as efficient use of industrial land
                                                                                                                    expertise, and networks
BUSINESS                                    Regulatory sandboxes help
                                                                                                                    One of the best locations in the world
                                                                                                                    for doing business103
                                            you develop innovations
ENVIRONMENT                                 quickly and effectively                                                 4th most competitive financial centre
                                                                                                                    globally with over 200 banks and global
                                                                                                                    audit and tax practices to serve your
Whether you are a large                                                                                             financing and treasury needs104
multinational corporation or                                                                                        Over 1,000 local and global law
a fast-growing startup, set up                                                                                      practices for your legal needs
and grow your business here                                                                                         Asia’s most competitive marketing
with ease.                                  Have confidence in our robust                                           hub for deep customer insights105

                                            tax and regulatory system                                               Build cutting-edge
                                            Competitive tax rates and schemes
                                                                                                                    solutions for the world106
                                            Expansive network of Avoidance
                                                                                                                    1st in Asia in innovation and 8th globally107
                                            of Double Taxation Agreements
                                                                                                                    1st in Asia in IP protection and 2nd globally108,109
                                            Strong rule of law and dispute
                                            resolution mechanisms100
                                            Comprehensive IP
                                                                                                                    Leverage our deep engineering
                                            legal framework                                                         and innovation capabilities
                                                                                                                    4th largest exporter of high-tech products
                                                                                                                    and high-value manufacturing110
                                                                                                                    Over S$25 billion (US$18.4 billion) to be
                                                                                                                    invested over 2021-2025 to boost
                                                                                                                    engineering and innovation capabilities
                                                                                                                    as part of the Research, Innovation and
                                                                                                                    Enterprise 2025 plan111

                                                      Download our Setting up in                                 Explore our network of curated business

10 |   BENEFIT FROM...
       AN ATTRACTIVE BUSINESS ENVIRONMENT
                                                      Singapore Guide to learn more.                             partners through our Connections Concierge.
FIND THE BEST TALENT
                                                                                        Meet your human resource needs with an adaptable and digitally-capable
                                                                                        workforce that is supported by our national skills initiatives SkillsFuture
                                                                                        and Workforce Skills Qualifications.112

                                                                       Tap on                                                    Over S$1 billion (US$739 million)
                                                                       future-ready                                              invested annually from 2015 to 2020
                                                                       capabilities                                              in continuing education and training113

                                                                                                                                 Top universities National University of
                                                                                                                                 Singapore and Nanyang Technological
                                                                                                                                 University placed 1st and 3rd in Asia, a
                                                                                                                                 reflection of our quality academic and
                                        1st in talent
                                                                                                                                 research capabilities115
                                        competitiveness
A TALENT                                in Asia and 3rd
                                        in the world with              Recruit the          Count
                                                                                            Str    on                            6 local universities, 14 foreign universities
                                                                                                                                 and 24 specialised institutes provide a wide
POOL AT YOUR                            strong digital and             best global          quality                              range of specialised degree programmes116

DOORSTEP
                                        future-ready talent
                                        performance114                 talent               educations

From entry-level associates
to senior decision-makers,
find the right talent for your
business needs here.

                                                                       Hirevefrom a
                                                                                               Partner                            5G, advanced manufacturing, artificial
                                                                                                                                  intelligence (AI), biotechnology,
                                                                        44
                                                                       strong   local          institutes                         blockchain, cybersecurity, fintech, agri-
                                                                        and
                                                                        uni                         ve
                                                                                               to grow                            food, and solar energy are amongst
                                                                       workforce
                                                                        institutes                                                the key talent and research areas
                                                                                               talent                             organisations such as Asian Development
                                                                                                                                  Bank, Bosch, KPMG, NexTech BioPharma,
                                        Over 70% of our residents
                                        communicate in two or                                                                     PayPal, Salesforce, and Sembcorp
                                        more languages117                                                                         Industries are developing with us
                                        World's 2nd-highest                                                                       Corporate universities of AXA, Deloitte,
                                        proportion of high-skilled                                                                Sony, UBS, Unilever, and Visa here offer
                                        employment.118 59.9% of our                                                               global leadership development and
                                        3.7 million-strong workforce   Develop                                                    management training programmes119
                                        are in professional,
                                        managerial, executive,
                                                                       business                                                   Over 100 Professional Conversion
                                        and technical roles, with a    leaders and                                                Programmes across multiple disciplines
                                                                                                                                  to support mid-career professionals in
                                        median income of S$4,534       specialists                                                developing new skills across finance,
                                                                                                                                  marketing, digital and more120

11 |   BENEFIT FROM...
       A TALENT POOL AT YOUR DOORSTEP
1st
                                                                                                            Best seaport in Asia: Our port has emerged
                                                                                                            on top for the 33rd time (2020 Asian Freight,
                                                                                                            Logistics and Supply Chain Awards)125

                                    1st                                                                     Most important shipping hub globally: We
                                    1st in connectivity: We have the                                        are the world’s most important shipping hub
A NETWORK                           best flows of goods, services,
                                    finance, people, and data globally121
                                                                                                            (Xinhua-Baltic International Shipping Centre
                                                                                                            Development Index 2020)126,127

ACROSS THE
GLOBE                               26 FTAs                                                                 2nd
Access Asia’s high growth           26 bilateral and regional Free
                                    Trade Agreements (FTAs):
                                                                            Access          Branch out      2nd biggest transhipment hub globally: We
                                                                                                            handled 37.2 million twenty-foot equivalent
markets through our world-          We trade with the world with
                                    FTAs that include the European
                                                                            international   with a global   units (TEUs) in 2019128

class transportation and            Union-Singapore FTA and the             trade           transport
trade networks.                     Comprehensive and Progressive
                                                                            networks        network124
                                                                                                            200
                                    Trans-Pacific Partnership122

                                    2 DEAs                                                                  200 shipping lines: We connect you to over
                                                                                                            600 ports in 120 countries across the world129

                                    2 Digital Economy Agreements
                                    (DEAs): We foster digital trade
                                    and collaboration across
                                    economies with DEAs with Chile,
                                    New Zealand, and Australia123                                           1st
                                                                                                            World’s best airport: Changi Airport
                                                                                                            has been ranked top airport for eight
                                                                                                            consecutive years (Skytrax 2020)130,131

                                                                                                            Best global air cargo airport: We top the world
                                                                                                            for cargo performance, value, and facilities,
                                                                                                            with 2.01 million tonnes handled in 2019 132,133

12 |   BENEFIT FROM...
       A NETWORK ACROSS THE GLOBE
1st
                                            1st in digital infrastructure: Benefit
                                            from the best digital infrastructure and
                                            industry connectivity in Asia134

                                            27
                                            Top global submarine cable hub:
                                            Connect to the world’s data flows
                                            through us, with 27 submarine
                                                                                                                                            Smart hydrohub: With strong water
                                            internet cables housed in Singapore135
                                                                                                                                            research capabilities and over 180
                                                                                                                                            water companies, gain access to

                                            >60%
                                                                                                                                            robust and innovative water solutions143

                                            >60% of SEA’s data capacity: Access
                                                                                           Enjoy                          Build on
A FUTURE-READY                              data you need with over half of SEA’s
                                            data centres hosted here136
                                                                                           outstanding                    reliable
INFRASTRUCTURE
                                                                                                                                            Top power reliability: We offer more
                                                                                           digital                        physical
                                            159%
                                                                                                                                            power reliability than world-class cities
                                                                                           connectivity                   infrastructure    like Tokyo, London, and New York, with

BASE                                        159% mobile penetration: Reach
                                                                                                                                            under a minute of power interruption
                                                                                                                                            per customer per year144

                                            customers easily with our mobile-first
                                            population and fast broadband and
Stay competitive and                        mobile internet speeds137,138,139
customer-focused with our
best-in-class infrastructure.
                                            30.7ms                                                                                          Reliable public transport: Ranked
                                                                                                                                            one of the best and most affordable
                                                                                                                                            by McKinsey in 2018, our transport
                                            30.7 milliseconds of latency:                                                                   system connects you to any part of
                                            Create quality user experiences                                  Be part                        the island safely and quickly145
                                            with the lowest latency in the world140
                                                                                                             of quality
                                                                                                             business
                                            5G                                                               ecosystems
                                            5G networks: Accelerate enterprise
                                            innovation with nationwide 5G
                                            coverage by 2025141,142                             Industrial                   Business
                                                                                                  parks                       parks

                                            Our state-of-the-art industrial facilities                                                     Connect with the right partners to
                                            give you a technological edge in innovation.                                                   foster collaboration and innovation.

                                            Changi and Seletar Aerospace Parks                                                             Ang Mo Kio Industrial Park
                                            CleanTech Park                                                                                 Changi Business Park
                                            Jurong Island Petrochemical Hub                                                                Jurong Innovation District
                                            Loyang Offshore Supply Base                                                                    one-north (Biopolis, Mediapolis,
                                            Tampines and Pasir Ris Wafer Fabrication Parks                                                 Fusionopolis, LINK, Launchpad@Block71)
                                            Tuas Biomedical Park                                                                           Pioneer and International Business Park
                                            Woodlands and North Coast Wafer Fabrication Parks                                              Punggol Digital District
                                                                                                                                           Tai Seng and Chai Chee Technopark

13 |   BENEFIT FROM...
       A FUTURE-READY INFRASTRUCTURE BASE
                                                                                                                                                                     Image courtesy of JTC
LIVE IN A VIBRANT AND SAFE CITY
                                       Here, you can have more time for the            New Zealand, and Germany.146 Our
                                       things that matter. We are one of the           vibrant city life, amazing food, clean
                                       safest countries in the world, and have         air, top entertainment options, family-
                                       been ranked one of the best cities to live in   friendly venues, and orderly streets
                                       for the seventh year running in the HSBC        make us first in Asia for liveability in
                                       Expat Explorer Survey, beating Norway,          Mercer’s Quality of Living Survey 2019.147

                                                                                                      ENJOY PROFESSIONAL MEDICAL CARE 148
A WORLD-CLASS                                                                                         Our residents’ life expectancies rank
                                                                                                      among the top three in the world.149
                                                                                                                                                      specialist clinics.150 Be assured of quality
                                                                                                                                                      outpatient healthcare with 20 government
QUALITY OF LIFE                                                                                       Benefit from a world-class healthcare
                                                                                                      system comprising eight private hospitals,
                                                                                                                                                      polyclinics and 1,700 private general practitioners,
                                                                                                                                                      as well as 24-hour clinics and Accident and
                                                                                                      20 public hospitals, and a host of              Emergency services across the island.151
Enjoy world-class healthcare,
education, connectivity, and
the opportunity to turn your
passions into possibilities.

                                       ACCESS QUALITY EDUCATION
                                       We are first in the world for school quality    In addition to our world-class public
                                       in HSBC’s 2020 Expat Explorer Survey153 and     school system, choose from over 30
                                       the 2018 World Bank Human Capital index.153     foreign system international schools.155
                                       We regularly ace the OECD’s Programme           With kindergarten, childcare and infant-
                                       for International Assessment (PISA), which      care, and after-school care centres
                                       places our pupils three years ahead of          widely available, rest assured that your
                                       their American peers in Mathematics.154         children will be well supported.

                                                                                                      TRAVEL AROUND SEAMLESSLY
                                                                                                      Wherever you live, find yourself at the heart   services are at your fingertips. From
                                                                                                      of essential facilities such as supermarkets,   e-Government services and internet banking
                                                                                                      clinics, and banks. With one of the fastest     to lifestyle goods and services, we bring the
                                                                                                      broadband speeds in the world,156 digital       best of Asia and the world into your home.

14 |   BENEFIT FROM...
       A WORLD-CLASS QUALITY OF LIFE
Turn your passion into possibilities                                                                                                                              PLUG RIGHT INTO
Are you a history buff? A lover of the outdoors? A diving, golfing, or equestrian enthusiast?                                                                     GLOBAL CONVERSATIONS
A connoisseur of gourmet delights? No matter your passion, we make it possible here.
                                                                                                                                                                  We connect you with people of all tongues,
                                                                                                                                                                  no matter what language you speak.
                                                                                                                                                                  English is our primary language of work
                                                                                                                                                                  and play, but over 70% of our people are
                                                                                                                                                                  bilingual.161 Mandarin, Bahasa Melayu, and
BE AT HOME WITH ASIA’S
                                                                                                                                                                  Tamil are taught at all mainstream schools,
CULTURAL DIVERSITY                                                                                                                                                and options for regional and international
Combining modernity with heritage, our                                                                                                                            languages such as French, Thai, and
cosmopolitan people celebrate every                                                                                                                               Vietnamese are easily available.
creed and culture. Immerse yourself in our
vibrant ethnic quarters and explore over
50 museums and galleries.157 Gain insights
to contemporary and traditional musical,
theatrical, and multimodal performances.                                                             JOIN OUR NATION
                                                                                                     OF FOODIES
                                                                                                     Satisfy your cravings in the “ultimate food
                                                                                                     nation”.162 Our hawker culture is recognised
                                                                                                     by UNESCO for its cultural significance,
                                                     UNCOVER AND TAKE HOME                           reflecting our living culinary heritage and
                                                                                                     multicultural people.163 From local Indian
                                                     YOUR PIECE OF THIS CITY                         or Peranakan cuisines to exotic delights
                                                     Shopping experiences abound in any              from around the world, we promise you
                                                     neighbourhood you find yourself. Take your      mouth-watering gastronomic experiences.
                                                     pick of luxury, cult, and high street brands
                                                     at the epicentre of our retail scene, Orchard
                                                     Road, or explore eclectic fashion boutiques,
                                                     time-worn textile stores, and limited-edition
                                                     streetwear at Kampong Gelam.
                                                                                                                                                                  FIND THE ACTION YOU SEEK
                                                                                                                                                                  Singapore is the healthiest nation in Asia,164
                                                                                                                                                                  thanks to our love of sports. Cycle along
                                                                                                                                                                  our island-wide network, and live out your
FIND YOUR FAVOURITE
                                                                                                                                                                  athletic dreams at the Singapore Sports
CORNER OF SERENITY                                                                                                                                                Hub, with facilities for climbing, football,
        WE ARE A                                                                                                                                                  tennis, water sports, wave-riding and
With ourLIVEABLE
           urbanCITYgreenery,  parks,
                                   YOU nature
                     THAT WELCOMES
                                                                                                                                                                  more. Be where the excitement is with our
reserves, mangroves, tidal flats, and coral
                                                                                                                                                                  professional esports and mixed martial arts
reefs, it is no wonder we are a City in a
                                                                                                                                                                  tournaments.165 Here, the action never stops.
Garden. Visit UNESCO World Heritage
Site Singapore Botanic Gardens or award-
winning Gardens by the Bay.158,159 Discover
our array of over 300 parks and nature
reserves, which combined with other
pockets of green spaces make up
47% of our land area.160
                                                                                                                                        Discover what our city has to offer for you and your loved ones.
24 |
15      BENEFIT FROM...
        A WORLD-CLASS QUALITY OF LIFE                                                                                                   Download our Guide to Living in Singapore.
TURN
                                                 WHAT IF INTO
                                                 WHAT'S NEXT
                                                 Invest in us for business growth. Cosmopolitan and yet Southeast
                                                 Asian at heart, Singapore offers you one constant: the drive to
                                                 continually reinvent ourselves amidst change.

                                                 We hope you found this guide presented by the Singapore Economic
                                                 Development Board useful. The EDB, a government agency under the
                                                 Ministry of Trade and Industry, has over 50 years of experience in
                                                 helping companies expand their business operations in Asia. We also
                                                 work with other government agencies to ensure that your company
                                                 is well supported by a positive business environment and a strong,
                                                 competitive talent workforce in Singapore.

                                                 New businesses looking to set up in Singapore may connect with
                                                 EDB’s curated network of partners through our online service, the
                                                 Connections Concierge.

                                                                To get in touch with partners through the Connections
                                                                Concierge, scan this code to submit an enquiry here.

                                                                If you would like to take the next step to set up in Singapore
                                                                or if you have questions regarding expanding your business,
                                                                scan this code to reach out to us here.

                                                 We look forward to partnering you in your journey.

                                                                                                                                                                                             LEGAL DISCLAIMER

                                                                                                                                                    Thank you for reading Invest in Singapore: Create what’s next.

                                                                                                                                   The Singapore Economic Development Board (EDB) make no representation or
                                                                                                                                    warranties with respect to the accuracy, applicability, fitness or completeness
                                                                                                                                    of the contents of the document. The information contained in the document
                                                                                                                                      is strictly for educational purposes, and does not constitute any financial or
                                                                                                                                      other professional advice. EDB shall not be liable for any damage or loss of
                                                                                                                                       any kind, howsoever caused as a result (direct or indirect) of the use of the
                                                                                                                                 document, including but not limited to any damage or loss suffered as a result of
                                                                                                                                 reliance on the information contained in or available in the document. EDB is not
                                                                                                                                 responsible for the information in any linked site or any link contained in a linked
                                                                                                                                   site. The hypertext links provided herein are provided only for convenience and
                                                                                                                                   the inclusion of any link does not imply endorsement by EDB of the referenced
                                                                                                                                 site. EDB reserves the right to update or modify the document from time to time.

                                                                                                                                            © 2021 Singapore Economic Development Board. All rights reserved.
                                                                                                                                  This document or parts thereof may not be reproduced in any form whatsoever.

16 |   TURN WHAT IF INTO WHAT'S NEXT
       INVEST IN SINGAPORE FOR BUSINESS GROWTH
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   nlb.gov.sg/history/events/1f22a763-35e6-4587-8f50-d77b65e59b3c. Accessed 19 July                Times, 22 March 2017 www.straitstimes.com/business/economy/singapore-overtakes-             45 Anandan, Rajan et al. “e-C onomy SEA Spotlight 2017: Unprecedented Growth for
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   Conference August 2015 Singapore, BIS Central Bankers Speeches, 2015, p. 3, www.bis.
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   org/review/r150807b.pdf. Accessed 19 July 2021.
                                                                                                   www.imd.org/contentassets/6333be1d9a884a90ba7e6f3103ed0bea/wcy2020_overall_                    2021.
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                                                                                                   competitiveness_rankings_2020.pdf. Accessed 19 July 2021.                                   49 “The Future of ASEAN: Time to Act.” PwC Growth Markets Centre, May 2018, p. 15,
   Board (EDB), p. 7, www.edb.gov.sg/content/dam/edb-zh/downloads/brochures/
                                                                                                29 “Doing Business 2020: Comparing Business Regulation in 190 Economies.” International           www.pwc.com/vn/en/publications/2018/pwc-gmc-the-future-of-asean-time-to-act.pdf.
   Singapore-Your-Global-Partner-in-Manufacturing.pdf. Accessed 19 July 2021.
                                                                                                   Bank for Reconstruction and Development, World Bank Group, 2020, p. 4, documents1.             Accessed 19 July 2021.
 9 “Seiko Instruments Profile.” Seiko Instruments Singapore, www.sii.com.sg/about-us/seiko-
                                                                                                   worldbank.org/curated/en/688761571934946384/pdf/Doing-Business-2020-Comparing-              50 "ASEAN Economic Community at a Glance." The ASEAN Secretariat, 2016, p. 1, www.
   instruments-singapore-pte-ltd-profile. Accessed 19 July 2021.
                                                                                                   Business-Regulation-in-190-Economies.pdf. Accessed 19 July 2021.                              asean.org/storage/2015/11/AECat-a-glance-2016_web_version2.pdf. Accessed 19 July
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