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S'pore among easiest places to do business but trails some Apac peers

The Straits Times

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August 25, 2025

Its regulatory stability, diplomatic neutrality the main draw for firms, says TMF Group

- Annabelle Liang

S'pore among easiest places to do business but trails some Apac peers

While Singapore remains one of the least complex places to do business in the Asia-Pacific (Apac) region, it ranks behind some regional peers because of its strict anti-money laundering rules and strong labour protection.

Still, its regulatory stability and diplomatic neutrality are the main draw for firms seeking certainty in a volatile business environment, said global professional services firm TMF Group, which compiles the annual Global Business Complexity Index based on factors like compliance requirements and human resources practices.

In its latest index, Singapore is placed 48th out of 79 jurisdictions.

A higher ranking on the index indicates a more complex business environment.

Within Apac, the Republic is ranked as the sixth least complex destination for business, behind New Zealand (77th), Hong Kong (76th), Thailand (56th), Vietnam (54th) and Taiwan (51st).

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