When you start thinking about moving abroad, one of the first questions you have to answer is where you are going to move to. The answer to this question will dictate a lot of the decisions you get to make afterward. The good news is that there are lots of great countries to move to, with Singapore being one of them. Singapore is Asia’s business epicenter, sitting between the east and the west. It is often called the land of opportunity and, below we are going to look at why moving to Singapore for work is a great decision.
Attractive Tax Structure Taxation is one of the reasons why people and even whole businesses move abroad. Singapore is known to have a very attractive tax regime.
Entrepreneurs and investors love Singapore due to the very attractive taxation rates, no capital gains taxes, tax relief measures, and measures in place to help avoid double taxation. All of these measures put together mean you get to keep more of the money you earn, something that can be extremely helpful for those trying to establish themselves and raise a young family in the country.
Climate Climate is a major consideration, especially if you have never lived in any part of Asia before. Singapore is relatively hot which makes it a great destination if you love swimming, However, the humidity can take some time to get used to but it is not unbearable like it is in some other countries.
Even with the warmer weather and humidity levels, almost all properties in Singapore have air conditioning and so this is not a concern for most people. Since the weather is warm enough throughout the year, you do not have to pack or buy separate clothing for colder seasons.
Accommodation in Singapore Even though HDB flats are a very popular option in Singapore, foreigners are not able to purchase these properties due to the restrictions that are in place. However, there are lots of housing options in the form of condominiums and penthouse apartments. High-rise developments are always coming up in Singapore and this means that there is an adequate supply of affordable properties.
Those who are looking for something modest can opt for an apartment in one of the condominiums while those looking for something more affluent can find a penthouse that fits their budget. Platforms like PropertyGuru make it possible to find the right penthouse with lots of units to choose from depending on what you are looking for. PropertyGuru also puts you in touch with real estate agents to make the process of buying or renting the type of accommodation you are looking for easier.
The newer condominiums and penthouse apartments come with lots of features and amenities including air conditioning, gyms, swimming pools, function rooms, playgrounds, and many others.
Landed homes, i.e., homes built on private pieces of land, are also an option, but they are very expensive and are mainly found in the suburbs.
Education If you have a young family, education is certainly a consideration. There are lots of options for public and private international schooling. Public schools are great and they offer high-quality education. Private international schools are an option for expats who want their children to have continuity by getting access to the same type and level of education they would have in their home countries.
Attractive Investor Options Singapore is very attractive to investors because of its pro-investor stand. The government does not impose any restrictions on foreign ownership and instead encourages free enterprise. Entrepass and the Global Investor Program also make it very easy for investors to relocate to Singapore.
High Qualified Workforce If you are moving to Singapore to get employed, you will be working with some of the most qualified, professional, and highly-educated people in the world. If you are thinking of getting into the Singaporean market, you will have access to a large pool of talented and hardworking professionals.
As with most other countries in Asia, the people of Singapore take work very seriously and this is why Singapore has come to be recognized as one of the global leaders when it comes to global talent. For international expats, Singapore’s work visa requirements are getting more stringent. This means there will be an increase in the demand for foreign professionals as these restrictions come into play. With high demand comes higher compensation and this is something every professional looking to work in Singapore should be keeping an eye on.
Singapore is not only a great place to work; it is also a great place to live and play. This is especially true for those with younger families and who are looking for a great environment to raise a family. There are lots of work and business opportunities in Singapore, with many of these opportunities encouraged and supported by the government and through various programs.
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