Singapore’s business environment is one of the world's most highly rated due to the country's commitment to a low tax regime and high levels of investment. As the only triple A (AAA) rated country in Asia, Singapore is the financial, trading and business hub for the region. The country has no minimum wage rulings or foreign exchange control regulation and the repatriation of profits and dividends are freely permitted. The public service and judiciary system is highly efficient and transparent. Singapore's court and legal system also provide adequate and effective protection and enforcement of intellectual property rights. Singapore is currently Canada's second highest destination for FDI.