Just as Singapore attracts more new multinational companies to set up regional headquarters here, multinational companies already stationed in Singapore are expanding their business and carrying out substantive business activities with higher added value, including: regional and global business planning, talent training, financial and financing activities, research and development, intellectual property management and logistics management.
Under the headquarters plan of the Economic Development Bureau, enterprises that wish to carry out regional and international headquarters business activities and meet the requirements can apply for preferential policies.
At present, there are 26,000 international companies headquartered in Singapore.
Singapore is the Asian country with the best quality of life in the eyes of foreigners. A survey by ECA International, a global human resources research institution, shows that excellent infrastructure, low crime rate and social and political stability make Singapore the most suitable place to live.
One third of Fortune 500 companies choose to set up their Asian headquarters in Singapore.
Singapore has signed 50 double taxation avoidance agreements and 30 investment guarantee agreements, which gives the headquarters companies that choose to conduct transnational business in Singapore a tax advantage.
As a signatory of (Paris Convention for the Protection of Industrial Property) and (Agreement on Trade-related Intellectual Property Rights), Singapore provides additional protection for enterprises to realize the maximum intellectual property potential.
As one of the largest foreign exchange markets in the world, Singapore has a sound financial system, attracting many regional financial centers to settle here.
Singapore is one of the few countries with the AAA credit rating of Standard & Poor's.