Lastly, the increase in the number of foreigners availing company registration services
is also due to the responsive and clean governance that is present in Singapore. The government makes sure that red tape, bureaucracy and corruption are eliminated especially in business processes. This process is a response to Singapore's goal of being one of the industrialized nations. In fact, Singapore was rated very strongly for government effectiveness and control of corruption in the World Bank's Report, Governance Matters 2007.