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Singapore As a Financial Hub

Singapore – a stable financial hub

Singapore is a well-established premier financial hub for Asia, offering robust economic and financial fundamentals within a socio-politically stable environment.

The country’s high living standards, quality of life and environment, are frequently ranked among the most attractive in Asia for foreign-skilled professionals. In addition, the government has taken a strong vision to establish Singapore as a global financial center. Over the years, the government has provided critical support and a wide range of opportunities and incentives for financial institutions to expand and grow their businesses in Singapore.

Singapore has a strong, efficient and transparent legal and judicial framework, presenting a favorable regulatory and business environment with a high degree of banking confidentiality. It also has a favorable tax regime, with no tax on interest and capital gains for non-residents.

At the heart of Southeast Asia, Singapore is well placed to serve many of the fast-growing emerging markets in the sub-region.  A vast majority of Credit Suisse’s Private Banking clients who book their assets in Singapore are from around the region and Singapore’s geographical proximity provides the advantage of close contact with their relationship managers and being serviced close to home, in the same time zone. Singapore’s excellent telecommunications and infrastructure present an added advantage.

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