Singapore - Ease of doing business

New business density (new registrations per 1,000 people ages 15-64)

New business density (new registrations per 1,000 people ages 15-64) in Singapore was 9.99 as of 2020. Its highest value over the past 14 years was 10.19 in 2019, while its lowest value was 5.85 in 2006.

Definition: New businesses registered are the number of new limited liability corporations registered in the calendar year.

Source: World Bank's Entrepreneurship Survey and database (http://www.doingbusiness.org/data/exploretopics/entrepreneurship).

See also:

Year Value
2006 5.85
2007 6.78
2008 6.29
2009 6.22
2010 6.87
2011 7.31
2012 7.57
2013 8.22
2014 8.94
2015 7.86
2016 8.01
2017 8.58
2018 10.01
2019 10.19
2020 9.99

Time required to get electricity (days)

The value for Time required to get electricity (days) in Singapore was 26.00 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 31.00 in 2015 and a minimum value of 26.00 in 2019.

Definition: Time required to get electricity is the number of days to obtain a permanent electricity connection. The measure captures the median duration that the electricity utility and experts indicate is necessary in practice, rather than required by law, to complete a procedure.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2009 31.00
2010 31.00
2011 31.00
2012 31.00
2013 31.00
2014 31.00
2015 31.00
2016 30.00
2017 30.00
2018 30.00
2019 26.00

Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in Singapore was 17.80 as of 2019. Its highest value over the past 14 years was 17.80 in 2019, while its lowest value was 13.70 in 2007.

Definition: Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 14.40
2006 14.40
2007 13.70
2008 14.50
2009 14.60
2010 14.70
2011 15.70
2012 16.80
2013 16.80
2014 15.30
2015 15.30
2016 16.20
2017 17.80
2018 17.80
2019 17.80

Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in Singapore was 1.10 as of 2019. Its highest value over the past 14 years was 1.80 in 2008, while its lowest value was 1.10 in 2014.

Definition: Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 1.80
2006 1.80
2007 1.80
2008 1.80
2009 1.60
2010 1.60
2011 1.60
2012 1.60
2013 1.60
2014 1.10
2015 1.10
2016 1.10
2017 1.10
2018 1.10
2019 1.10

Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in Singapore was 2.10 as of 2019. Its highest value over the past 14 years was 10.00 in 2005, while its lowest value was 0.00 in 2012.

Definition: Profit tax is the amount of taxes on profits paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 10.00
2006 6.20
2007 6.30
2008 7.90
2009 8.00
2010 7.10
2011 6.50
2012 0.00
2013 1.80
2014 1.60
2015 1.70
2016 1.80
2017 1.50
2018 1.70
2019 2.10

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment