Business scenario in Singapore:
Singapore has always been one the most commercially developed nations in Asia. In fact, it is one of the most commercially successful countries in the world. Singapore has always attracted entrepreneurs and small and medium sized companies to open their base in this country. Some of the guidelines to be kept in mind while starting a business in Singapore is that before starting any kind of work in Singapore, ensure you apply for an employment pass at the Ministry of Manpower. Also for you to apply for EntrePass, some of the guidelines to be followed are that the business must not be illegal and the company should be a Private Limited Company.
Some of the businesses that are on a rise in Singapore currently are:
Farming: it is true that Singapore has very limited agricultural land, but with the help of agro-technology, the nation has been able to reap maximum benefit from extensive farming.
Food business: Food business is on the rise, not just in Singapore but in the entire world. This is mainly due to the basic need for food for a growing population.
Biotechnology: Singapore government is really encouraging biotechnology businesses to grow in Singapore. They have invested a lot of money to develop the infrastructure.
Digital marketing: with businesses growing in Singapore there is an increased need to attract customers to the business. For this there is a huge demand for digital marketing and advertising in Singapore to reach out to a larger group.
Financial services: with indigenous and foreign businesses rising in Singapore, the demand for professionals with finance expertise and accounting skills are on a rise in Singapore. Even ERP vendors like SAP Business One in Singapore are contributing to the accounting need in Singapore.
For many years Singapore has attracted entrepreneurs and businesses. This is mainly due to its robust economy that is market oriented and a stable and corruption free government that ensures that businessmen receive maximum tax benefits.
It is true that infrastructure costs are steep in Singapore but with outsourcing and ERP software like SAP Business One and being a sap partner in Singapore such limitations have been taken care of. Now you can crack a business deal by video chatting with tour client and prepare presentations while on your way to office. Business in Singapore is on a rise and shall thrive even higher in the next few coming years.