Singapore has come out as the highest ranked Asian city in the latest edition of the PwC Cities of Opportunity Index.
In 2014 Singapore was ranked third, the city-state renowned for its planned development now comes in second in the PwC Cities of Opportunity Index.
In three indicators, namely, technology readiness, transportation and infrastructure and the ease of doing business Singapore is ranked as number one. The Lion City also performs well in the area of tax.
Most Efficient Tax Centre
An analysis of corporate total tax rate, personal rate, and tax efficiency shows that Singapore, along with Dubai and Hong Kong, have the lowest rates and highest efficiency collectively.
Among other Asian hubs Hong Kong remains among the top cities for ease of doing business but has slipped in other categories. Not surprisingly Tokyo came top in exposure to risk and in their ability to deal with it outperforming all other cities in natural disaster preparedness.
Brexit Not Included
London claims pole position for the second time in a row however as the report’s methodology and data is based mostly on the two years before the U.K. decision to exit the EU, the Brexit vote does not impact London’s position in the Index this time around.
