The CCC risk rating is impacted by the Sovereign Probability of Default (ability and willingness to honour financial obligations), political risks, and other mitigating or worsening factors.
Business environment in Singapore
Singapore is a leading financial hub, a regional trading centre and one of the world’s busiest ports. As one of the largest FDI destinations for Canadian companies in Southeast Asia, Singapore continues to be a crucial trade and investment partner for Canada in the Asia-Pacific region by offering increasing potential for diverse trade and investment opportunities in all sectors. This is attributable to a highly transparent and efficient legal and institutional framework which offers ample protection for foreign investments. Singapore’s business-friendly environment is also sustained by a well-organized civil service and pro-business government policies. Canadian companies contemplating setting up offices in this market must exercise caution, as the costs of operation in Singapore are relatively high and labour supply is tight. Canadian companies in Singapore can be served at EDC’s corporate branch, which opened in March 2017.
A comprehensive guide helps you explore exporting and direct investment opportunities in the ten fast-growing markets of Southeast Asia.
Here’s a helpful tip for doing business in Singapore
Remember “Greeting and Seating” to help you follow the strict etiquette for business meetings in Singapore. A formal hierarchy is followed for introductions and seating arrangements– always wait to be introduced and told where to sit.