Singapore has been ranked 48th in the Global Business Complexity Index (GBCI) by TMF Group, reflecting its position as one of the least complex regions for business operations in Asia. The report, released on 5 June 2025, underscores Singapore’s strategic neutrality and robust infrastructure, which bolster its role as a trade corridor hub amidst rising geopolitical uncertainties.
The GBCI, now in its 12th edition, evaluates 292 indicators across 79 jurisdictions, covering 94% of global GDP. Singapore’s slight shift from 47th in 2024 to 48th this year indicates new compliance demands as the nation continues to future-proof its regulatory frameworks. Patrice Lo, TMF Group Singapore’s Country Head, noted, “Singapore offers businesses a rare combination of low operational complexity, legal certainty, and strategic access to emerging trade corridors.”
Singapore’s investment in digitalisation and infrastructure, including ports and airports, reinforces its status as a regional hub. With 43% of APAC jurisdictions citing infrastructure as a trade enabler, Singapore plays a vital role in global supply chains. The nation also remains attractive to foreign talent, ranking 45th in the “human resources and payroll” category, thanks to streamlined immigration policies and competitive wages.
Despite increased regulatory complexity, Singapore aligns with international standards, enhancing transparency and trust. The government’s Green Plan 2030 and initiatives like the Digital Connectivity Blueprint aim to strengthen Singapore’s position as a trusted hub for data flows and AI-enabled trade, ensuring continued growth and resilience amid global volatility.
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