7 Brilliant Reasons to Relocate to Singapore This Year

Known for its high standard of living, Singapore has so much to offer. Its brilliant public transport system and business-friendly culture are just some things that attract expats.

Alongside world-class healthcare facilities and a relatively low-income tax, all these benefits have definitely swayed more than a fair share of people. If you're looking to relocate overseas, here are some brilliant reasons to make the move to Singapore this year.

Picture 1 of 7 Brilliant Reasons to Relocate to Singapore This Year

Growing Job Market and Stable Economy

One of the drawing factors of Singapore is its growing job market and stable economy. Unlike many other countries around the globe, Singapore didn't experience a recession back in 2020. In fact, its economy has grown significantly in recent years. The IMF (International Monetary Fund) predicts Singapore's economy will grow even more in the coming years. Because of all this, finding work in Singapore will be much easier than in other countries. Salaries in Lion City are also relatively higher.

Great Education System

Families moving to Singapore with children will be happy to know the country has some of the best schools on the continent. Singapore's education system is highly competitive and regarded as one of the pillars of the country's society. Everyone needs and deserves a good education. The good news is that you can find this in Singapore. It's important to note that students must pass exams to get into government schools. Those who do not pass them often attend international schools. However, they charge high tuition fees. On the contrary, they provide an excellent education.

Diverse Expat Community

Another pull of Singapore is that you'll join a huge expat community. We appreciate moving somewhere new, especially overseas can be daunting. Thankfully, there are thousands of expats dotted across the country. This means you should have no trouble finding friends and like-minded individuals. You can also choose from an array of clubs and communities related to your interests and hobbies. Many popular expat professionals are in fields such as medicine, teaching, and engineering. Singapore welcomes expats from all backgrounds and ages. There are lots of families who relocate to the country too.

Low Crime Rate

It must be said that Singapore is one of the safest countries not only in Asia, but the world! The crime rate is significantly lower than in both North America and Europe. What's more, street crime is virtually non-existent in the country. When deciding on where to live, your safety and security will naturally be your top concern. Singapore is hailed as a safe country and a low crime rate, meaning wherever you decide on making a home in the country, you can be confident your safety won't be jeopardised as a result.

Plenty of Housing Options

Singapore offers an abundance of housing options, meaning there's plenty to pick from to suit all age groups and sizes. The different types of housing in Singapore include terraced homes, semi-detached homes, bungalows, and townhouses. Depending on what type of property you opt for, you may need to take out a home loan to facilitate the purchase. PropertyGuru can help you with this. They can help you find the best housing loan in Singapore for your needs.

Multicultural

Regarding multiculturism, there aren't many countries that can compete with Singapore. In fact, the country prides itself on its multicultural society. Singapore's population compromises mainly Malays, Chinese people, and Indians. Still, there are smaller communities of people all over the country who originate from other countries, like the Philippines, Vietnam, Thailand, and Cambodia. On the Singapore streets, expect to hear people speaking all kinds of languages, such as Mandarin, English, and Malay. Those looking to meet people from all walks of life and broaden their horizons are sure to do just that in Singapore.

Attractive Tax Structure

Singapore is known globally for its attractive tax regime. Entrepreneurs and investors from all over are consistently drawn to Singapore's attractive tax rates, no capital gains tax policy, and tax relief measures. Regarding your earnings, you're going to want to keep hold of as much of it as possible. Should you relocate to Singapore, you can take advantage of the country's several tax breaks. Singapore has a current headline tax rate of flat 17%, which makes the country an attractive destination for both expats and investors from all over the world.

Singapore is the business epicentre of Asia, straddling both east and west. Many regard the country as the land of opportunity. Those in the business sector are sure to find success in Singapore. If you're thinking of relocating to Singapore, we're confident the reasons above are sure to sway you in the right direction.

Jessica Tanner

Update 17 January 2023