The Republic has again been ranked among the world's best-run 16 or so countries, scoring in the top percentile in five of six measures of governance in a World Bank study of 212 countries and territories.

In Governance Matters, 2007: Worldwide Governance Indicators 1996-2006, released yesterday in Washington, DC, World Bank researchers rate Singapore particularly strongly - as they have in earlier editions of the study - for government effectiveness (quality of policy formulation and implementation, and of the civil service) and regulatory quality (reflected in sound, market-friendly policies).

On both these indicators, Singapore obtained near-100 per cent scores, and is behind only Denmark for government effectiveness, and behind only Hong Kong for regulatory quality.

The other two indicators where Singapore ranks in the top percentile - that is, 90 per cent of countries rank below - are rule of law (public confidence in the quality of contract enforcement, the police and the courts) and political stability.

According to Ragini Dhanvantray, CEO of Rikvin Consultancy, Singapore is fast becoming the business city of choice, having had the recognition of excellent business infrastructure, political stability, and close economic ties with many of the world's leading economies, there has never been better time than now, to set up your business in Singapore.

New tax incentives announced for newly setup companies

To encourage foreign entrepreneurs to setup their business in Singapore, the Government has declared a full tax exemption for newly incorporated companies. With the introduction of new tax cuts and incentives, Singapore has become the best place to incorporate and operate your business. Newly incorporated Singapore companies will enjoy a full-tax exemption on $100K annual profits during the first three years of their business.

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Rikvin consultancy started in 1995 is an incorporation specialist specializing in company incorporation, registration and administration processing for all business types and sizes in Singapore and throughout the world. Rikvin facilitates foreign entrepreneurs’ immigration into Singapore by assisting in obtaining Entrepass for themselves and their families and employment pass for their employees. Rikvin also provides a full range of accounting services for companies who require a complete and properly constructed set of financial statements for their business purposes. As the reputation of Singapore grows as the hub of Asia for almost all industries with easy access to the burgeoning economies in the region, Rikvin’s client base has been growing. Rikvin is servicing clients from all parts of the world, and boasts of a highly satisfied client list from various industries. Rikvin has achieved 99% success rate in Entrepass application processing, on behalf of its clients. For More Information, please visit our site http://www.rikvin.com