How to enjoy expat life style in Singapore

Published: 31st January 2011
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Singapore is one of the fastest growing economies and island states in the world. Singapore is sometimes referred to as a no-nonsense business island that takes pride on its highly educated and trained work force. Expat Singapore comes from all over the world, not only Western countries, but Asia and India as well. Since Singapore is right next to Malaysia, there are huge number of Malaysian are there (it is like relation between America and Canada), + due to the fact that Malaysian language is somehow spoken in Singapore, that encourages huge amount of Indonesian coming to Singapore as well.
Singapore has a tropical monsoon climate that for the most part is extremely hot and humid. You won’t encounter any cold weather during the year. The monsoon is present during November through January. Rainfall during the monsoons can consist of torrential downpours, which last a short period of time. When packing, try to bring along clothing that dries quickly. While you won’t need a winter jacket, a heavy sweater or very light jacket may be good to use during the very cool conditions that occur during the night.

Most people that venture to Singapore come on the request of their employer. Singapore is a great place to do business and there are many multi-national companies that have offices in Singapore.
Singapore has a territorial basis for taxation, meaning that for most expats Singapore, only Singapore derived income is taxed. There are some exemptions to this rule. For Singapore expats, expect a tax rate from 2% to 28% after the proper reliefs have been paid to the government. There is also a flat tax structure available at which you need only pay 15% rate on income tax. This flat rate means that no other reliefs need to be paid to the government.
One of the many bright spots about living in Singapore is the wealth of shopping. There are many places to find high quality goods and there are brand new modern shopping malls available for those that enjoy shopping. Besides shopping malls, there are plenty of markets and shops that cater to discount shoppers, as well as boutique shops and antique shops for those individuals that are looking to purchase extraordinary and unique items.

Food is excellent in Singapore and there are plenty of great restaurants along with smaller kitchens that cater to the people that are passing by for a quick snack. Nightlife is excellent as well and there are many bars, clubs and lounges to hang out around.
The cost of living in Singapore is not cheap, however lower taxes and quality of life do make it extremely attractive. Living in Singapore is just as expensive as many major cities such as New York and San Francisco. While rental fees are usually a little less, they are still expensive and can cost from $1,000 to $7,000 for a one bedroom to three bedroom condo, apartment or town home.
For more information on Expat Singapore and Expat Life Insurance please visit http://www.we-are-expats.com

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Source: http://deepaksingh1.articlealley.com/how-to-enjoy-expat-life-style-in-singapore-1995028.html


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