November 22, 2015
It is official; Singapore is equally as popular amongst professionals desiring to relocate and those who actually do move for their careers. Attracted to the country’s economic and job prospects, Singapore remains popular amongst global professionals.
Ranked in third position for cities that professionals actually relocate to, Singapore’s financial hub is one of the world’s largest and possibly plays a key role in attracting both companies and professionals. For companies, the country’s location presents a gateway to further expand into nearby markets. For professionals, alongside the wealth of career opportunities, Singapore is an ideal destination for individuals and families to enjoy a less hectic lifestyle, as weekend trips to exotic locations such as Bali are always tempting.
The World Bank also views Singapore as a global hotspot after naming it ‘Best country in the world for doing business'. This is mainly due to the open and highly-competitive markets that permit individuals to start new businesses within three days. In addition, there are no tariffs on imports, and foreign and domestic businesses are equally regulated, which presents an even platform for everyone to succeed.
Simon Walker, Hydrogen Group’s COO for APAC said: “Many companies have their APAC headquarters in Singapore, which brings new career opportunities for professionals. Although Singapore is an expensive city, rental costs are reducing and it is a very family-orientated with good schools, lots of outdoor activities and one of the lowest crime rates in the world.”
With such obvious benefits, it’s with little wonder that Singapore continues to thrive and remain a firm favourite with global professionals. In spite of it being an expensive city, research conducted by the Economist Intelligence Unit (EIU) confirms that foreign workers, who currently make up 38% of the total population, are still willing to relocate to Singapore for an indefinite period of time to have a successful career, whilst living a higher quality lifestyle.