Singapore is a highly developed trade-oriented market economy. Singapore’s economy has been ranked as the most open in the world, 7th least corrupt, most pro-business with low tax rates and has the third highest per-capita GDP in the world; in terms of Purchasing Power Parity (PPP). Government-linked companies play a substantial role in Singapore’s economy, which are owned through the sovereign wealth fund Temasek Holdings, which holds majority stakes in several of the nation’s largest companies, such as Singapore Airlines, SingTel, ST Engineering and MediaCorp. The economy of Singapore is a major Foreign Direct Investment (FDI) outflow financier in the world. Singapore has also benefited from the inward flow of FDI from global investors and institutions due to her highly attractive investment climate and a stable political environment.
Exports, particularly in electronics, chemicals, banking and finance and services including the positioning of Singapore as the regional hub for wealth management provide the main source of revenue for the economy.
Our Taylor Wessing member firm, RHTLaw Taylor Wessing LLP prides itself as a law firm that delivers international capabilities, locally. Clients of RHTLaw Taylor Wessing can expect intelligent and innovative legal and business solutions from a team that is attuned to the nuances of working in Asia, with the added perspective and expertise of an international firm. The firm offers clients access to a network of over 1050 legal professionals across 26 offices in Asia, the Middle East and Europe via membership with the Taylor Wessing group.
- Consumer Brands
- Energy and Environment
- Financial Institution and Services
- Life Sciences and Healthcare
- Real Estate and Infrastructure and Technology, Media and Communications.
These industries complement the firm’s core areas of practice in Banking and Finance, Corporate, Capital Markets, Intellectual Property and Technology, Litigation and Dispute Resolution, and Real Estate.