2017年-世界发展银行全球_Economy_Profile_of_Singapore_69页_1mb

Doing Business 2018 Report Summary: Singapore

Core Content

The Doing Business 2018 report, a flagship publication by the World Bank Group, evaluates the regulatory environment for businesses in 190 economies. It provides quantitative indicators that measure the ease of doing business across various areas, including starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency. The report also includes labor market regulation data, though it does not rank economies on this specific indicator or include it in the overall ease of doing business score.

Key Features of the Report

• Objective Measures: The report uses standardized procedures and assumptions to ensure data comparability across economies.
• Distance to Frontier (DTF): A metric that measures how close an economy is to the best performance observed on each indicator, with a scale from 0 to 100.
• Ease of Doing Business Ranking: Economies are ranked from 1 to 190 based on their DTF scores.
• Subnational Reports: The report includes detailed subnational data for selected cities, allowing for local comparisons.

Singapore's Economy Profile

• Region: East Asia & Pacific
• Income Category: High income
• Population: 5,607,283
• GNI Per Capita: US$51,880
• City Covered: Singapore
• Overall Performance: Singapore consistently ranks among the top performers in the Doing Business indicators, often leading in areas such as starting a business and dealing with construction permits.

Key Indicators and Performance

Main Views and Insights

• Starting a Business: Singapore has one of the most efficient processes for starting a business, with only 3 procedures, minimal time (2.5 days), and low cost (0.5% of income per capita). The process is fully online, making it very streamlined.
• Construction Permits: Singapore requires 10 procedures to obtain a construction permit, which takes 54 days and costs 6.2% of the warehouse value. The process is well-structured and supported by digital systems, improving transparency and speed.
• Regulatory Environment: Singapore's regulatory environment is highly efficient and transparent, with strong legal frameworks that support business operations and protect investors.
• Comparative Performance: Singapore outperforms most economies in the East Asia & Pacific region and OECD high-income countries in several indicators, particularly in starting a business and building quality control.

Key Information

• Standardized Company: A 100% domestically owned limited liability company with 5 owners, no legal entities, and a start-up capital of 10 times income per capita.
• Standardized Warehouse: A two-story commercial warehouse with an area of 1,300.6 square meters, valued at 50 times income per capita, and located on 100% owned land.
• Online Procedures: Online procedures are counted as 0.5 days in the total time calculation, significantly reducing administrative burden.
• No Bribes: The report includes only official costs and excludes bribes, ensuring transparency in the data.
• Data Collection: The most recent data collection for the report was completed in June 2017, using standardized assumptions and procedures for consistency.

Procedure Details for Starting a Business in Singapore

1. Registration with ACRA (Online): Includes company name search and filing. Time: 0.5 days. Cost: SGD 315.
2. Company Seal: Not mandatory, but common practice. Time: 1 day. Cost: SGD 70.
3. Employee Compensation Insurance: Time: 1 day. Cost: No charge. Applies to women only and takes place simultaneously with previous procedure.

Procedure Details for Dealing with Construction Permits in Singapore

1. Geo-technical Study / Soil Test: Time: 7 days. Cost: SGD 2,000.
2. Hire Qualified Professionals: Time: 1 day. Cost: SGD 205,399.
3. Written Permission from URA: Time: 14 days. Cost: SGD 2,680.
4. Structural and Architectural Plan Approvals: Time: 14 days. Cost: SGD 6,113.
5. Declaration of Risk Management and Notification to Workplace Safety and Health Commissioner: Time: 0.5 days. Cost: SGD 1,300.
6. Notification of Sanitary Works to PUB: Time: 0.5 days. Cost: No charge.
7. Certificate of Satisfactory Completion of Water Service Work: Time: 0.5 days. Cost: No charge.

Conclusion

Singapore's business regulations are among the most efficient and transparent in the world, with a strong focus on reducing bureaucratic hurdles and enhancing legal and administrative support for businesses. The Doing Business 2018 report highlights Singapore's high performance in key areas such as starting a business and dealing with construction permits, which are essential for economic growth and job creation. The report encourages continuous regulatory reforms and provides a benchmark for other economies to follow.