Singapore, the city state having the ever-growing economic prosperity of Asia, is also well-known as a location which promotes ease, in the setting up of a new business. The city state is also the world’s easiest place to do business. Singapore’s simple and business friendly tax system, coupled with an obey immigration policy that facilitates the relocation of foreign talent to Singapore attracts foreign investors to Singapore. Singapore, the beautiful city state in also home to one of the busiest ports in the world. Having the most extensive international port connections and sophistical port infrastructure makes it one of the best and preferred port in the world Today, Singapore has a highly developed market-based economy. The 2011 index of Economic Freedom ranks Singapore as the second freest economy in the word, behind Hong Kong.