In order to promote openness and minimize the mismanagement of corporations, Singapore needs details of proprietors to be maintained in the form of a RORC. These details should be readily available to the ACRA whenever needed.
Swiss economic structure is characterized by a pronounced orientation towards international trade in goods and services as well as on cross-border investment activities, besides the banking and pharmaceutical industries.
According to the World Economic Forum’s (WEF) 2015-16 Global Competitiveness Index, Switzerland is the world’s most competitive economy for the seventh year consecutively, this due to its low tariffs on manufactures and absence of quantitative restrictions.
The 15th largest export economy in the world and the 2nd most complex economy according to the Economic Complexity Index (ECI), Switzerland has exported only in 2015 $279B and imported $261B, resulting in a positive trade balance of $17.5B.
Switzerland has become a preferred destination for investorsdue to its taxation system, geographic and political position, low inflation, low unemployment rate as well as its competitive business environment.
Switzerland, one of the most important travel destinations in Europe, boasts an exquisite grandeur, interesting traditions, and people with a firm reputation.
Since Switzerland is the place where many large multinational companies decide to establish their headquarters, due to the favorable taxation system, it comes as no surprise that some of the leading companies in various industry sectors are present in Switzerland.
The pharmaceutical industry has a key role in the Swiss exports industry. In 2014, pharmaceuticals exports amounted to more than 70 billion CHF, which means that about one third of money earned abroad by Switzerland comes from pharmaceutical products.