Singapore does not impose wealth or inheritance tax, capital gains are tax-free and, most importantly, implements single corporate income tax. Singapore has a large pool of motivated English-speaking workers. This workforce is considered the best in the world. Singapore ranks first in the Ease of Doing Business indicator, for the best investment environment, the most open economy to international trade and for investment potential. Among the largest economies, Singapore is the third most globalized economy and ranks third among the richest nations. Since 1 July 2015, private companies in Singapore that meet certain criteria are exempt from submitting audit documents. A company so qualified is labeled a small company. These companies must meet at least 2 of the following conditions: a) Their total annual turnover must not exceed S$10