Singapore Industry Guides

This section provides detailed information about starting and operating a Singapore firm in specific industries. The information is presented in the form of short articles on various topics that are organised in categories below.

Guides To

Commodity Trading Industry

Industry

Commodity Trading Business in Singapore Part 1 Regulations and Licensing Requirements

Singapore’s supportive regulatory framework, lenient tax regime, well-developed financial center facilities and established infrastructure together make it an irresistible hub for commodity trading companies. Singapore is one of the region’s busiest trading ports and its history as a regional hub for commodities dates back to several centuries. Now, although there are tough competitors emerging to challenge its position, the Singapore government has preemptively devised and revised strategies to sustain its traction to the commodity traders.

Commodity Trading Business in Singapore Part 2 Ongoing Compliance Requirements

Part 2 to our Commodity Trading Business in Singapore, Ongoing Compliance Requirements Guide examines ongoing compilation of requirements & advice for OTC.

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Construction Industry

construction

The construction industry is one of the key pillars of Singapore’s economy. The country has witnessed a strong construction demand over the last few years owing to large scale public sector projects such as the construction of MRT lines, public housing projects, building of business parks as well as private sector projects such as the construction of private residential property, shopping malls, hotels, etc. According to official figures, there was a 20% y-o-y increase in Singapore’s construction demand from S$27.2 billion in 2016 to S$27-34 billion in 2016. The authorities anticipate a total construction demand in the range of S$27.2 billion to S$27-34 billion for the year 2016.

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Ecommerce Industry

ecommerce

E-commerce - the future of Singapore's SMEs

We team up with Voyager Innovation to look at the e-commerce landscape today and why it is important for your business.

Singapore e-commerce initiatives

Singapore is one of ASEAN’s most prominent e-commerce hubs, with an innovation-first focus and robust infrastructural support. Here are important initiatives that most companies can leverage to ride the online wave.

Starting an Online Business in Singapore Part 1: Introduction

In this Introduction, part 1 in our guide on starting an online business in Singapore, discover our step by step process that can help you start an online business.

Starting an Online Business in Singapore Part 2: Industry Overview

In this Overview, part 2 in our guide on starting an online business in Singapore, discover our step by step process that can help you start an online business.

Starting an Online Business in Singapore Part 3: Regulatory Regime

Learn the regulations, in part 3 of our guide on starting an online business in Singapore, and discover our step by step process that can help you start an online business.

Starting an Online Business in Singapore Part 4: Taxation

Learn about taxation, in part 4 in our guide on starting an online business in Singapore, and discover our step by step process that can help you start an online business.

Starting an Online Business in Singapore Part 5: Funding and Financial Assistance

Learn how about Funding options, in part 5 in our guide on starting an online business in Singapore, and discover our step by step process that can help you start an online business.

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Education Industry

Growth of edtech in Singapore

Edtech in Singapore - opportunities and growth

Globally, education technology (edtech) is a rapidly growing field globally, and academically-driven Singapore provides fertile ground for growth. Find out some of the greatest opportunities in Singapore’s edtech sector.

Starting a Private Education Institute (PEI) in Singapore

The education industry in 1 of Singapore's potential growth sectors. Here we provide guidance on starting an educational institute in Singapore. Learn more.

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Fintech Industry

Fintech

The financial technology (fintech) sector in Singapore has enjoyed strong support and growth in the last five years. The country’s central bank, the Monetary Authority of Singapore (MAS), has announced robust incentives for fintech companies which include investments of up to S$225 mil (US$158 mil) by end-2020 as well as establishing a 100,000 square feet fintech innovation hub – equivalent to two football fields – that fintech companies can use for office space, experimentation and collaboration purposes.

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Healthcare Industry

healthcare 2

Importing Healthcare Products into Singapore Part 1 Introduction

Singapore has a reputation for healthcare services that is comparable to those of industrialized countries. It is considered to an important medical hub for south east Asia and draws patients from across the region. Hence the market for medical products and services is not limited by its local domestic population. Singapore’s demand for medical equipment, devices, pharmaceutical, biomedical and other healthcare products is very large and is growing. Various factors such as an ageing population, increased emphasis on a healthy lifestyle, preventative care, and improved financial resources of the population are pushing up the demand for healthcare products.

Importing Healthcare Products into Singapore Part 2 Importing Western Medicine

Get an Introduction to Importing Western Medicine into Singapore in this Part 2 of a step by step Healthcare guide.

Importing Healthcare Products into Singapore Part 3 Importing Chinese Medicine

Get an Introduction to Importing Chinese Medicine into Singapore in this Part 3 of a step by step Healthcare guide.

Importing Healthcare Products into Singapore Part 4 Importing Medical Devices

Get an Introduction to Importing Medical Devices into Singapore in this Part 4 of a step by step Healthcare guide.

Starting a Spa in Singapore

The Spa industry is an important part of Singapore's health & wellness sector. Find out how to start up your own Spa in Singapore with our online guides.

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Hotel Industry

Hotel

Singapore Tourism Board (STB) forecasts tourism receipts to be in the range of S$22.0 to $22.4 billion (0 – 2%) and international visitor arrivals in the range of 15.2 to 15.7 million (0 – 3%) for 2016. Global economic growth may be hampered by the slower growth momentum of the Chinese and US economies as well as uncertainties such as ongoing reforms in China and the impact of the normalisation of the US monetary conditions. Increasing regional competition will also pose challenges to Singapore’s tourism sector. At the same time, Singapore remains poised to benefit from the projected growth in outbound travel in the Asia Pacific region3. The pipeline for business events also continues to be strong.

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Meetings, Incentives, Conferences & Exhibitions Industry

Event Management

Singapore’s reputation as a Top International Meeting City and Top Convention City positions it as a preferred destination for meetings, conventions, exhibitions and other events. The recent launch of the Integrated Resorts in Singapore is poised to accelerate its attractiveness as a convention location, at par with cities such as Las Vegas. With the government’s vision of expanding its sports, arts and entertainment sectors and its commitment to appropriate infrastructure developments, Singapore’s event management industry is set to become an even larger component of its economy.

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Oil & Gas Industry

Oil

There is a worldwide scramble for fossil energy; and with the economic engines roaring ahead, the wrestle in the region for oil and gas has intensified. Unlike other industries, there are some unique challenges for the upstream, midstream and downstream segments in this sector.

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Publishing Industry

Publishing 2

Singapore has one of the highest rates of literacy in the world and there is a continuous demand for high quality publications ranging from newspapers, magazines, periodicals, and books. Moreover, factors such as a strong IP protection regime, ease of business set up, and availability of human resources makes it an ideal hub for the publishing industry.

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Real Estate Industry

real estate

With Singapore emerging as one of the fastest growing economies in Asia, the property market is heating up and there is a robust demand for both residential as well commercial space. Singapore’s position as a business and financial hub, its stronger than expected economic recovery, and a buoyant employment market has led to a sharp rise in market optimism. Foreign investors, entrepreneurs and business professionals are snapping up residential units either for owner-occupation or as an investment vehicle. The property rental market in Singapore has also risen sharply, owing to the constant influx of foreigners.

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Recruitment Industry

Recruitment

An employment agency in Singapore is a company that helps other companies with their recruitment and staffing needs, normally acting as the middle party between employer and potential employee. An employment agency could be engaged in placement of local as well as foreign candidates starting from junior level positions to top-level executives.

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Restaurant & Food Industry

Restaurant

Starting a Restaurant in Singapore: A birds-eye view of the primary legalities

Thinking of opening a restaurant in Singapore? The city state of Singapore is celebrated as a culinary paradise. The melting pot of multitude of culture boasts of a vibrant food scene which is sure to thrill the global gastronomes. Cuisines from all parts of the globe, American, Mediterranean, Italian, Thai, Indian, Indonesian, Malaysian, Mongolian, Brazilian, you name it you have it here in this small island state.

Starting a Restaurant in Singapore - Part 2

Part 2 of Your Comprehensive online guide on setting up a Restaurant in Singapore. Find out everything there is to know.

Importing Food Products into Singapore

Your Comprehensive online guide on Importing Food Product into Singapore. Find out everything there is to know.

Guide to Incentives for Food Industry in Singapore

In Singapore, several programmes & assistance schemes have been rolled out to help the Food & Beverage Industry. Find out more in our online guide today.

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Retail Industry

Retail

Setting up a Retail Outlet in Singapore

Retail outlets are shops or stores where business owners sell merchandise directly to consumers. According to the latest retail sales index released by the Singapore Department of Statistics, Singapore’s retail sales excluding automobiles increased 0.3% year-on-year in December 2016.

The shifting trend of retail in Singapore

Find out the trend in which the retail industry is moving and how it impacts retailers in Singapore.

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Shipping Industry

Shipping

With over 5000 shipping companies contributing about 7% of the GDP, Singapore is a leading International Maritime Centre, connected to more than 600 ports in over 120 countries. Given its reputation as a premier global port, Singapore is the preferred choice for many wanting to establish shipping or maritime business operations.

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Trade Industry

Trade

Starting a Trading Company in Singapore

Singapore has long been known as an important ‘port of call’ for traders, especially those dealing between the eastern and the western time zones. According to the latest statistics by the World Trade Organization, Singapore is the 14th largest merchandise exporter in the world and has a trade to GDP ratio of 404.9. If you plan to incorporate a Singapore trading company and start an import/export business, this guide will serve as a good starting point.

Importing Controlled Goods Into Singapore

A comprehensive online guide on importing Controlled goods into Singapore. Learn more today.

Singapore's Global Trader Scheme

Our online guide to Singapore's Global Trade Scheme has long been known for its role in international trade & its function as a vital port of call.

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Travel Industry

Travel

A Travel Agency is a person or a company that arranges and organizes services related to travel and tours. In Singapore, a Travel Agent is any entity that provides travel and tour packages involving travel by air, sea or land. Companies that provide transport only (such as taxi firms or trucks that move goods) are not included in this definition.

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