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Singapore
Physical Facts |
|
| Population: | 4,608,167 (July 2008 est.) |
| Location: | South-eastern Asia. Situated between Malaysia and Indonesia. It is about 137km north of the equator. |
| Area: | 682.7 sq km |
| Climate: | Tropical climate. Hot, humid, rainy. There are two distinct monsoon seasons – North-eastern monsoon (December to March) and South-western monsoon (June to September). Average temperature ranges from 25 C to 32 C. December is the coolest month and May the hottest. |
| Transport | Air, Road |
| International Direct Dialling prefix: | 65 |
| Internet Country Code | .sg |
| Time difference on GMT: | + 8 |
Administrative Facts: |
|
| Status: | Parliamentary republic |
| Government: | Unicameral Parliament system based on the Westminster system. Eighty four seats; members elected by popular vote to serve five-year terms. |
| Legal System: | based on English common law; |
| International Court Jurisdiction: | has not accepted compulsory ICJ jurisdiction |
| Language: | English, Malay, Mandarin, Tamil |
| Education system: | Mandatory from age 6. After six years of primary education children sit the PSLE or Primary School Leaving Examination. This examination is also used to place students into different secondary schools which have four different “tracks”. Secondary schooling ranges from 4 to 5 years depending on what ‘track’ the student is on. Further study is then at a junior college prior to applying to university. There are a number of world-class national universities in Singapore. In addition, there are a number of international institutions that have established campuses there: such as INSEAD, the University of Chicago Graduate School of Business and Duke University. |
| UK Embassy: | 9 Wilton Crescent Belgravia London SW1X 8SP Tel: 020 72... Fax: 020 7245 6583 |
| Residency/Working Requirements: | Work Permits are dealt with by the Ministry of Manpower. There are several kinds of work permit, depending on the salary range and the role itself. Applicants should contact the Singapore Ministry or Manpower for additional information. |
Fiscal Facts |
|
| Legal tender & currency: | Singapore dollar |
| VAT: | No – see below |
| Sales Tax: | In place of VAT and import duty Singapore levies a 7% Goods & Services Tax from which exporting businesses are exempted |
| Import duty: | No see above |
| Export duty: | No see above |
| Banking: | National and International banking. Approximately $350 billion banking assets under management in 2004. |
| GDP: | 161347US$ Million (world bank 2007) |
| Minimum wage: | no laws or regulations |
| Financial Services Regulation: | Monetary Authority of Singapore |
| Financial Services Regulation Contact Details: | Tel: (65) 62... Fax: (65) 6225 1350 Email: ioscosg@mas.gov.sg |
Tax Facts |
|
| General: | Zero Foreign Source Tax Havens |
| Corporate Tax: | 18% |
| Individual – resident: | 0% on foreign derived income. Local income is taxed at progressive rates ( 4% to 21%). |
| Individual – non-resident: | 15% |
Featured Provider Title of Singapore
Featured Provider Content of Jurisdiction 23
Featured Provider Content of Jurisdiction 23
Featured Provider Content of Jurisdiction 23
Featured Provider Content of Jurisdiction 23
