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At a glance

  • Capital

    Singapore (city-state)

  • Currency

    Singapore Dollar (S$, SGD)

  • Official Languages

    English, Malay, Mandarin, Tamil (official languages)

  • Population Size

    5,637,000 (2022)

  • Ease of doing business

    Very Easy

  • VAT

    Goods and Services tax: 7% (from 1 January 2023 - 8%)


A former British colonial trading post, Singapore is a sovereign city state in South East Asia. It is considered a global financial centre, and is ranked the most pro-business economy in the world. Singapore has very few natural resources, including limited water. Revenue to import these is generated from its status as a wealth management centre and export of services, electronics and chemicals. Mauve has its own local entity in Singapore and is ready to assist with your requirements through our extensive range of in-country services.