Top 5 reasons to move to Singapore
It’s the world’s second safest city
In August this year, Singapore was named the world’s second safest city, according to The Economist Intelligence Unit. The top cities cited are those which provide its residents quality healthcare and cybersecurity infrastructure, has “community-based police patrolling” and are resilient enough to recover from “shocks.” This is the third time that Singapore placed second in this report. The index ranked 60 cities across five continents based on digital, health, infrastructure and personal safety factors. Singapore topped the infrastructure and personal security categories.
It is the world’s most competitive economy
The annual Global Economic Competitiveness Report by the World Economic Forum announced Singapore as the world’s most competitive economy for 2019, overtaking the U.S. The city-state also ranked first in two pillars of the index—life expectancy and labour markets. The report noted that the country’s stable financial and macroeconomic system as well as public sector and infrastructure propelled it to the top of the list.
Top 3 in the world for least corruption in the economy
Singapore Changi Airport, in itself, is an attraction not to be missed. For the seventh consecutive year, it was named the world’s best airport by the Skytrax World Airport Awards, which are decided based on customer votes.
Changi Airport is renowned for its fully automated and DIY check-in, baggage tagging and boarding system aptly called FAST (Fast and Seamless Travel). It’s an entertainment, shopping and dining haven and a compelling reason enough to go to Singapore. Changi Airport has the world’s first Butterfly Garden, an Orchid Garden and Koi Pond, 24-hour cinemas, video game consoles, massage and shower areas, a rooftop swimming pool and dozens of duty-free outlets and dining spots, among other remarkable features. Last April, a nature-themed entertainment and retail complex inside the airport—called Jewel Changi Airport—was opened. It has the world’s tallest indoor waterfall in a forest setting.
It is one of the best countries to send your children to university
Singapore is a fascinating place where many different cultures coexist. Always high up in quality of life index due to its extremely low crime rate, world-class infrastructures and education system. The city-state actually ranked #6 in our City University ranking. It has 2 very highly rated universities: the National University of Singapore (NUS) and the Nanyang Technological University. The cost of attending those two universities is roughly 14,000 USD a year for international students. These two universities are pretty selective but still rather accessible to a good student. Singapore has definitely many great advantages if you decide to send your children to study there. Many are using the Global Investor Programme to gain permanent residence in the country, which could lead to citizenship after only 3 years of residence. The process is fast and efficient, but there are 2 important things one needs to consider. First is that permanent residence does not lead you to lower tuition fees, only citizens pay local fees which is roughly 40% lower. The second, and most important point, is that Singapore has mandatory military service. This applies to every son of citizen and permanent residents. This can be a deal-breaker for many but keep in consideration that if you have daughters they won’t be affected by it and if you make your son the “investor” instead of yourself, he will not have to enlist. Of course in that last one, only your son will gain permanent residence in the country and you will have to make a separate application for yourself.
It’s a world-class hub for many global firms.
Singapore has a business-friendly digital and data infrastructure. It is a key figure in the ASEAN-Australia Digital Trade Frameworks Initiative and its own National Trade Platform is a great example of how businesses, banks, logistics firms, customs and other stakeholders can effectively work together in a transparent and open-sourced environment. Singapore also has many free trade agreements that open up global markets to local enterprises.
To attract global talent and help strengthen the country’s position in the competitive technology landscape, the Economic Development Board and Enterprise Singapore announced the launch of Tech@SG last July. It is a two-year programme that makes it easier for qualifying “high-potential” tech firms to bring in professionals via an Employment Pass (EP). EP is a work visa issued by Singapore to foreign employees, following fulfilment of certain qualifications. Tech@SG is targeted towards digital, medtech, fintech, biotech, agritech and cleantech industries who need global experts in cybersecurity, artificial intelligence and data science.
Whether as a professional or as an entrepreneur/investor, Singapore is a preferred destination for those who want to pursue success in a globally competitive arena.
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