September 10, 2008, 6:23 pm
Study: Singapore is No. 1 spot in the world for small businesses
The U.S. ranks third in a World Bank survey of the friendliest regulatory environments for startups and small companies. Have government regulations affected your business? Where in the world would like to launch?
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I am not surprised at their ranking. As someone who used to live in Singapore, I can attest to the speed with which things were done in that country. Filing a tax return online took minutes. Their public services were amazingly speedy and efficient. One could sense this from the minute one landed there. Soon as I got off the aircraft, I could go from the gate, clear immigration, customs, collect my bags, and in a cab on my way home in under 20 minutes! Perhaps there is something to be said about top dollar they pay their ministers and bureaucrats.