After being ranked by HSBC as the top expat destination in 2011 and 2012, Singapore fell to third place in 2013. Higher cost of living and tighter immigration policy were blamed for the fall. Over the past year, the government has implemented a series of new requirements regarding foreign labour. These changes raise the barrier for foreigners who want to immigrate to Singapore, whether they are fresh grads or seasoned entrepreneurs. This article summarizes what you need to know if you want to start a business in Singapore or if you are planning on hiring foreign labour.
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Region:
Singapore
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