Start your Asia exports with Singapore
Singapore is a logistic hub for Southeast Asia and an important financial services center. Apart from Chinese, English is commonly spoken and the country is open to doing business with foreign companies. Setting up a legal entity is possible in one day. The quality of living in Singapore is high.
How to find your agent or distributor?
For exports to Singapore in general you only need one distributor where it comes to services. There are between 20 and 30 main shopping malls, so that would be the number of retail outlets to get a pretty good distribution network for consumer goods.
Finding an agent or distributor requires a clear offering and some persistance. You will have to be in Singapore yourself several times or be represented there since getting to a deal mostly requires several meetings.
Alliance experts can find the right agent or distributor within 6 to 8 weeks
Alliance experts helps companies with entering new markets profitably. In Singapore we have a seasoned team with experience in retail, food & beverage, IT and technical industries.
We have a clear and structured approach to find the best partner
We first want to know what kind of partner you are looking for. Based on your information, we make a long-list of 15-20 potential partners that fit your description. After your approval we find the right decision maker, approach him or her personally and share your business profile with them. This mostly leads to 3-5 companies who are suitable as your partner and interested in working with you. Once we have found these companies, we plan your meetings and accompany you during the first visits.
The Singaporean Economy
Many business establishments based in Singapore are owned by foreigners who opted to start out their business venture in the country or enter the Singapore market from overseas due to its advanced infrastructure and transportation. The Singaporean government strongly supports new businesses, but may sometimes be adverse to initiatives that threaten work certainty for Singaporean citizens. If you bring in new business and revenue, you will in general be more than welcome.
Why Do Business in Singapore?
Singapore is a suitable place to do business for several reasons. One of these reasons would be the geographical location of the country, which is more than enough to house several establishments. Ongoing land reclamations have only made the land area open for more business transactions. The country also has a well-developed network of infrastructures.
Considered as the world’s most “Tech-Ready Nation”, its readiness for information and communication technologies has become one of the country’s reasons for economic success. International and domestic transport has also made the nation an easy place for people all over the world to conduct business within Singapore. Lastly, a seaport that has survived throughout the ages that allows people to use it as a hub for trade and commercialization. See also Singapore vs Hong Kong: the best place to do business.
Attractive Business Opportunities in Singapore
If you’re interested in starting out a business in the international market, it is highly recommended you make your way to Singapore and start from there. Here are some of the business opportunities in Singapore that have grown and flourished through the years:
Travel and Tourism
Every year, the number of tourists are continually increasing owing to the fact that Singapore is becoming one of the most preferred travel destinations in the world. With its convenient international and domestic forms of transport, it has made tourists possible to grace the country and in turn, results to an increasing demand in services relating to tourism.
Food and Beverages
There are many chances in the Singapore food market. The culture in Singapore is quite diverse and the number of ethnic races visiting and residing within the country has only made it more complex. The preferences of these people have led to a demand for a variety of cuisines needed to satisfy the people’s palates.
The Hospitality Sector
The government also supports the establishments of hotels and resorts as well as small-scale business like inns, hostels, and guesthouses due to the increased number of tourists. Singapore is very open to business opportunities that will maximize the stay of tourists and will leave them satisfied or craving for more.
With the emerging trend of IT establishments and its economic success, Singapore has grabbed the opportunity in investing in this new trade with IT, Datacenters and cloud computing. The impressive IT skills and the abundant resource of manpower have made it conducive for IT business opportunities to grow and flourish. Singapore has adopted the Smart City strategy and will become the first Smart Nation.
Retail Fashion and Stores
The people in Singapore are very much into the fashion world making fashion a huge matter in their lives. The same reason why anyone would hit it off if they began a business venture in retail. Opening up a boutique catering to the latest fashion trends would totally be a success.
Educational setups are very much welcome in the capital of entrepreneurs. Education, mostly in the form of private specialized industry courses, are a total hit with consumers which has led to education as one of the most successful business industries of today.
- Singapore’s energy strategy and opportunities for business
- Transportation and logistics industry in Singapore
- The healthcare and medical industry in Singapore
How to get started in Singapore?
Although it is easy to set up a business in Singapore, this will only make sense if you have a proper business plan. Especially if you want to sell your goods and services in the Singapore market, you will need the involvement of a local partner.