2015年-世界发展银行全球_Doing_Business_Economy_Profile_2016___Singapore_102页_2mb

Singapore Economy Profile - Doing Business 2016

Core Content Overview

The Doing Business 2016 report provides a comprehensive analysis of regulatory quality and efficiency for domestic firms across 189 economies. Singapore is ranked 1 in the ease of doing business index, with a Distance to Frontier (DTF) score of 87.34, showing its regulatory environment is among the most efficient globally.

The report evaluates 10 key areas in the business life cycle, including:

• Starting a business
• Dealing with construction permits
• Getting electricity
• Registering property
• Getting credit
• Protecting minority investors
• Paying taxes
• Trading across borders
• Enforcing contracts
• Resolving insolvency

Additionally, it includes labor market regulation indicators, which are not included in the aggregate DTF score or ranking.

Key Indicators and Performance

Starting a Business

• Rank (DB2016): 10
• DTF Score (DB2016): 96.49
• Procedures: 3
• Time (days): 2.5
• Cost (% of income per capita): 0.6

Singapore is among the top performers in this area, with minimal procedures, low time and cost requirements, and a strong regulatory environment.

Dealing with Construction Permits

• Rank (DB2016): 1
• DTF Score (DB2016): 92.97
• Procedures: 10
• Time (days): 26.0
• Cost (% of warehouse value): 0.3
• Building Quality Control Index (0-15): 14.0

Singapore excels in this category, with an efficient and high-quality process for construction permits.

Getting Electricity

• Rank (DB2016): 6
• DTF Score (DB2016): 94.34
• Procedures: 4
• Time (days): 31.0
• Cost (% of income per capita): 25.9
• Reliability of Supply and Transparency of Tariff Index (0-8): 8.0

Singapore has a highly reliable and transparent electricity supply system, with low cost and minimal procedures.

Registering Property

• Rank (DB2016): 17
• DTF Score (DB2016): 85.66
• Procedures: 4
• Time (days): 4.5
• Cost (% of property value): 2.9
• Quality of Land Administration Index (0-30): 26.5

Singapore is efficient in property registration, with a well-structured land administration system.

Getting Credit

• Rank (DB2016): 19
• DTF Score (DB2016): 75
• Strength of Legal Rights Index (0-12): 8.0
• Depth of Credit Information Index (0-8): 7.0
• Credit Bureau Coverage (% of adults): 58.6

Singapore has a strong legal rights framework and good credit information depth, though it lags behind New Zealand in credit bureau coverage.

Protecting Minority Investors

• Rank (DB2016): 1
• DTF Score (DB2016): 83.33
• Strength of Minority Investor Protection Index (0-10): 8.3
• Extent of Conflict of Interest Regulation Index (0-10): 9.3
• Extent of Shareholder Governance Index (0-10): 7.3

Singapore is a leader in protecting minority investors, with strong regulatory frameworks in place.

Paying Taxes

• Rank (DB2016): 5
• DTF Score (DB2016): 96.56
• Payments (number per year): 6.0
• Time (hours per year): 83.5
• Total Tax Rate (% of profit): 18.4

Singapore has a highly efficient tax system with minimal time and effort required, and a relatively low tax rate.

Trading Across Borders

• Rank (DB2016): 41
• DTF Score (DB2016): 89.35
• Time to Export (hours): 12
• Cost to Export (USD): 335
• Time to Import (hours): 35
• Cost to Import (USD): 220

Singapore maintains a competitive position in international trade, with low time and cost for both exporting and importing.

Enforcing Contracts

• Rank (DB2016): 1
• DTF Score (DB2016): 84.91
• Time (days): 150.0
• Cost (% of claim): 25.8
• Quality of Judicial Processes Index (0-18): 15.5

Singapore is a global leader in contract enforcement, with a highly efficient and transparent judicial system.

Resolving Insolvency

• Rank (DB2016): 27
• DTF Score (DB2016): 74.83
• Recovery Rate (cents on the dollar): 89.7
• Time (years): 0.8
• Cost (% of estate): 3.0
• Strength of Insolvency Framework Index (0-16): 8.5

Singapore has a robust insolvency framework, with high recovery rates and low time and cost for resolution.

Methodology and Notes

• The report compares Singapore with other economies using DTF scores and ease of doing business rankings.
• The methodology includes updates and revisions for several indicators, such as building regulation quality, electricity cost and reliability, and labor market regulation.
• The DTF score measures the absolute distance to regulatory best practice, while the ease of doing business ranking compares economies relative to each other.
• The report does not include labor market regulation in the aggregate ranking or DTF score.

Conclusion

Singapore consistently ranks at the top in most business regulatory indicators, demonstrating a highly efficient and supportive environment for domestic businesses. The report highlights that Singapore's regulatory framework is among the most advanced globally, with minimal procedures, low costs, and quick processing times across key areas. This underscores Singapore's commitment to maintaining a competitive and business-friendly environment, which is essential for sustaining its economic strength and attracting foreign investment.