Singapore

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singapour design garden
singapour design garden

singapourSingapore Information

Singapore is an island, one state, one town: neat and clean like a little Switzerland of Southeast Asia. After independence in 1965, leaving the English yoke then distancing himself from the Malaysian Federation, the country decided to maximize its outstanding market position in the Strait of Malacca. And developing certain values to their paroxysm: economy, security, cleanliness, materialism. The city is now considered the most expensive in the world.

General

Official Name: Republic of Singapore
Type of government: Parliamentary unicameral
Head of State: Mr Tony Tan, President of the Republic (since August 2011)
Head of government: Lee Hsien Loong, Prime Minister (since 12 August 2004).

Geography

Singapore map
Singapore map

Area: 716 km²
Capital: Singapore (Singapore is a city-state)
Official languages: English, Mandarin, Malay, Tamil
Current language: English
Currency: Singapore dollar (SGD)
National Day: August 9

Singapore is situated at the entrance of the Straits of Malacca, on the southern tip of the Malay Peninsula, which is separated by the Straits of Johor. Its area of ​​716 km² is divided between a main island about 42 km (east-west) about 23 km (north-south) and about sixty islands, about twenty uninhabited.

Separated from Malaysia by the Straits of Johor, barely a kilometer wide, it is connected to the mainland by a road and rail embankment, the “Causeway”, and a bridge at Tuas. In the south, the Singapore Strait separates the Indonesian Riau Archipelago. The highest point of the island, the Bukit Timah Peak, is 165 meters above the level of the sea.

The city-state has an equatorial climate, hot and humid all year round (average temperature around 30 ° C). It rains frequently there, the most precipitation falling between October and February (North East monsoon). The time difference is 7 hours in winter and 6 in summer. A decision of the 2008 International Court of Justice has recognized Singapore’s sovereignty over the islet of Pedra Branca / Pulau Batu Puteh located at the entrance of the South China Sea. See the website of the House of Foreigners and the site Travel advice

Demography

Population: 5.4 million inhabitants
Density: 7,540 h / km²
Population growth: 1.6%
Life expectancy: 81.2 years
Literacy rate: 96.1%
Religions: Buddhism, Taoism, Islam, Christianity, Hinduism
Human Development Index: 0.895 (18th ranking UNDP 2013)

singapour-panorama
Singapour panorama

Economy

GDP: 307.1 billion USD in 2014
GDP per capita: 55 182 USD in 2013
GDP PPP per capita: 77 000 USD
growth rate: 3% in 2014 (projected growth between +2 and + 4% in 2015)
Unemployment rate: 2%
Inflation rate: 1%

Budget balance: deficit of 0.13 billion SGD 0.03% of GDP in 2014
trade surplus 28 billion USD
Major customers: Malaysia, China, Hong Kong
Main suppliers: China, Malaysia, USA

Share of main sectors in GDP (2012):

agriculture: 0%
industry: 24% (manufacturing and construction)
Services: 66% of which financial activities and business services (26.7%) and logistics and communication activities (26.8%)

Exports from France to Singapore: 5 billion EUR in 2014
French imports from Singapore: 2.8 billion EUR in 2014
trade surplus for France: 2.2 billion EUR in 2014
Amount of total trade, 7.8 billion EUR in 2014
Market share in France: 2.2% in 2013
(Sources: DGTRésor, Ubifrance, Department of Statistics, Singapore)

See the website of the Directorate General of the Treasury

Consular Section of the Embassy of France in Singapore
French community in Singapore: 11722 8 April 2015 (doubling since 2007)
Singaporean community in France: 400 persons on a voluntary basis with the MFA

Main income sources
Strengths / weaknesses
International Trade
– With France
With Europe
ambitions
Barriers to entry

Source : www.diplomatie.gouv.fr

History

Good to know

Currency

The Singapore dollar (ISO 4217: SGD) is the currency of Singapore since the end of the monetary union between Malaysia, Singapore and Brunei in 1967.  The Monetary Authority of Singapore has ensured its stability since 1971. In 2012, the total currency in circulation was 29 billion Singapore dollar. External assets in its Currency Fund backs all issued Singapore currency in circulation to maintain public confidence.

The Euro to Singapore dollar exchange rate converts at 1.54 on May the 30th, 2016.

Climate

Safety

Where to go?

How to settle there?

Business

To do business

 

Tax system

Personal income tax

Singapore applies a progressive rate:

Chargeable Income (SGD) Income tax rate (%) Gross tax payable (SGD)
First 20,000 $
Next 10,000 $
0
2
0
200
First 30,000 $
Next 10,000 $

3,5
200
350
First 40,000 $
Next 40,000 $

7
550
2,800
First 80,000 $
Next 40,000 $

11.5
3,350
4,600
First 120,000 $
Next 40,000 $

15
7,950
6000
First 160,000 $
Next 40,000 $

17
13,950
6,800
First 200,000 $
Next 120,000 $

18
20,750
21,600
First 320,000 $
Above 320,000 $

20
42,350

Corporate Income Tax

Singapore applies a flat rate of 17 % on the companies taxable income.

Tax exemptions are offered.

Start-up companies are exempted from tax
– on the first 100,000 $
– 50 % on the next 200 000 $

This is valid for three years.

All companies may receive a partial tax exemption:
– 75 % on the first 10,000 $
– 50 % on the next 290,000 $ of chargeable income

Furthermore to support the increasing cost of business, all companies will be granted a rebate of:
– a 30 % rebate up to a maximum of 30,000 $ for the year 2015
– a 50 % rebate up to a maximum of 20,000 $ for the years 2016 and 2017

GST (Goods and Services Tax)

The current GST rate is 7%.

It applies to almost all transactions and on imported goods.
Registration to GST is mandatory for all activities generating over one million Singapore dollars per year.

Exemptions to GST:

  • Exports
  • Sale and rental of unfurnished houses
  • Financial services

Taxes on properties

Properties are taxed at an estimated rental value. They are subject to a progressive rate from 0 to 16 %.

(Source: http://www.iras.gov.sg)


Aeronautics

Airlines

Industry

Armed forces

Air Force

Type In service On order
Combat
F5S 27
F15SG 32 8
F16 C/D 60
Specialized missions
F50 (MPA) 5
Gulfstream G550 (AEW) 4
Tanker
AS330 MRTT 6
KC 130 B/H 5
KC 135 R 4
Transport
C130 H 5
F50 4
Helicopters
AH 64 D 17
AS532 32
CH47D 16
S 70 (Marine) 6
Training
F5 T 9
H120 (STAe) 6
M346 12
PC 21 19

(Source : https://flightglobal.com/)

 

 

 

Environment

garden-singapore