According to the World Bank’s ‘2011 Ease of Doing Business Report’ Singapore is the best place for doing business in the world among 183 economies worldwide. Thailand was accorded the 19th position. Singapore ranked #4 for starting a business, #2 for protecting investors, #4 for taxes, and #1 for cross-border trade. A stark contrast is noticeable in Thailand’s rankings, which were #95, #12, #91, and #12 on the same parameters. Singapore company incorporation takes only up to 24 hours and be completed online with just two simple procedures whereas setting up a company in Thailand involves seven procedures and 32 days.