Country Profile : Singapore
An overview for expatriate professionals
Celebrating its melting pot of cultures, Singapore has that spark, and it's fast becoming one of Asia’s top expatriate destinations.
The modern, dynamic city state of Singapore is often cited as the top expatriate destination worldwide. Its clean, safe enviroment with strong, highly sophisticated economy and excellent working conditions have attracted a cosmopolitan group of workers.
Economic conditions remain favourable and infrastructure development continues creating new roles and demand for highly qualified staff.
Official Languages: English, Mandarin, Tamil, Malay
Population: 5.7 million
Currency: Singapore Dollar S$ (SGD)
Singapore, officially the Republic of Singapore, is a sovereign island city-state in maritime Southeast Asia
The economy of Singapore is a highly-developed free-market economy with low tax rates and the second-highest per-capita GDP in the world in terms of purchasing power parity (PPP). The Asia-Pacific Economic Cooperation (APEC) is headquartered in Singapore.
State-owned enterprises play a substantial role and the sovereign wealth fund Temasek Holdings holds majority stakes in several of the nation's largest companies, such as Singapore Airlines, SingTel, ST Engineering and MediaCorp and is a major source of external FDI.
Singapore is a regional hub for wealth managament, trading and exports, particularly electroncs, chemicals and services.
Singapore has a strategic port which makes it more competitive than many of its neighbours in trade.
Singapore's trade to GDP ratio is among the highest in the world and the Port of Singapore is the second-busiest in the world by cargo tonnage.
Singapore Medical Sector
Healthcare in Singapore is supervised by the Ministry of Health. It largely consists of a government-run publicly funded universal healthcare system, delivered through schemes such as Medisave, Medishield Life and Medifund, while also including a significant private healthcare sector.
Healthcare costs are financed through a mixture of direct government subsidies, compulsory comprehensive savings, a national healthcare insurance, and cost sharing.
Singapore has an efficient and widespread system of healthcare by worldwide standards, consistently at the top of the World Health Organisation's rankings.
What to Expect
- Competitive remuneration packages
- Low taxation
- Professional malpractice cover