Singapore: Tax-Efficient Sectors
Trade, Marketing and Distribution
With its key import and export links in Asia and tax incentives for international and regional headquarters, Singapore is attracting global consumer companies.
For example, Tate & Lyle has moved all of its sucralose production to Singapore, using fourth-generation production technology. Operations for Unilever's business in Asia, Africa and central and eastern Europe (the regions from which the company achieved over one-third of its revenues in 2008) are based in Singapore, including the co-location of Unilever's key regional decision-makers from its marketing, supply chain, finance and customer development divisions. Rémy Cointreau has established regional headquarters for its Asia-Pacific markets and worldwide headquarters for its Global Travel Retail and Duty Free division there, while Burger King has opened an independently run ‘concept’ outlet to test new products.