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Singapore – Singapore vs. Germany: A Comparative Summary

Analysis of Doing Business in Singapore vs Germany

A Snapshot Comparison | Singapore vs Germany

Discover the vital aspects of conducting business in Singapore and Germany through this condensed table. Delve into corporate environments, workforce nuances, tax structures, and competitiveness rankings, providing essential insights for your business evaluations.

AspectSingaporeGermany
Business EnvironmentRanked 2nd for ease of
doing business
Ranked 24th for ease of doing business
Taxation Structure
  • Personal income tax up to 24%
  • Effective Corporate tax: 8.3% (up to S$200,000)
  • Personal income tax up to 47.5%
  • Corporate tax: Effective 30%-33%
Intellectual Property
Protection
3rd in the world for IP protection21st in the world for IP
protection
Global Competitiveness2nd most competitive economy3rd most competitive economy
Openness to Trade1st in openness to trade9th in openness to trade
Bureaucracy and Corruption
  • Clean and non-corrupt (ranked 6th)
  • High public trust, low government regulation (ranked 13th and 7th)
Clean and non-corrupt (ranked 12th)
Labor Force
  • Strong digital skills (ranked 6th)
  • Ease of finding skilled employees
    (ranked 9th)
  • Cooperation in labor-employer
    relations (ranked 2nd)
  • Challenges in hiring foreign labor
    (ranked 97th)
  • Labor tax rate (ranked 75th)
  • Strong digital skills (ranked 16th)
  • Ease of finding skilled employees
    (ranked 7th)
  • Cooperation in labor-employer relations
    (ranked 19th)
  • Ease of hiring foreign labor (ranked 11th)
  • Labor tax rate (ranked 97th)