Offshore: Singing in tune
There can be little doubt that the story of Singapore's economy has been one of resounding success - a progressive, free market economy which has benefited greatly from a highly-skilled and well-educated workforce, a welcoming environment for foreign business talent and a highly-developed and well-respected legal system and business framework.The Singapore Government has been quick to identify the strengths and weaknesses in the economic composition of the jurisdiction and has encouraged and successfully attracted a large number of financial institutions, private equity funds, hedge funds and law firms to establish a presence in the country. In many cases, these institutions have been attracted by the possibility of using Singapore as a hub for their ambitions and operations within the Association of Southeast Asian Nations (ASEAN) and in India.
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