Singapore tops global rankings for entity management efficiency: report

Singapore ranks amongst the top jurisdictions for cost and time efficiency.

Singapore ranks amongst the fastest jurisdictions globally for completing ad hoc tasks, with a completion rate of 21%, according to Mercator’s Entity Management Report.

In terms of costs, Singapore ranks tenth amongst the cheapest jurisdictions for ad hoc tasks, with the average cost standing at 46%.

Overall, Singapore secures the top spot in the 2024 rankings, reflecting its efficient regulatory framework and advanced digital infrastructure that optimises entity management.

“The Accounting and Corporate Regulatory Authority (ACRA) provides a central online platform for quick, cost-effective filings, minimizing bureaucracy. Streamlined procedures for entity registration, annual reporting, and compliance filings save both time and costs,” Mercator said.

Mercator also noted that multinationals benefit from Singapore’s advanced digital infrastructure, which supports e-filings for nearly all corporate actions, widespread acceptance of e-signatures, and the use of virtual board meetings.

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