Singapore
continues to be a haven for entrepreneurs looking to pursue business success.
Over the years, the Lion City remains steadfast in its vision to build a
landscape where various industries can thrive and contribute to the country’s economic
growth. Backed by solid infrastructure and transportation facilities, low tax
rates, high GDP per capita, and a corruption-free business environment, no
wonder Singapore continues to be a preferred destination for company incorporation of up and coming
entrepreneurs.
As Asia’s globalcentre for business, innovation, and talent, Singapore not only
focuses on the existing industries that have made it a force to be reckoned
with in the global business arena. On top of robust and dynamic industries like
electronics, medical technology, and infocomm services, the country also sets
its sights on nurturing emerging fields to sustain its growth whilst providing
more employment opportunities for its pool of skilled and talented
professionals.
In 2018, new
entrepreneurs, whether local or foreign, can look forward to new business ideas
that offer lucrative income opportunities when they choose to set up in the
Lion City. The best part is that Singaporecompany incorporation is hassle-free when they venture into these
businesses as the government has made it quick and simple to register a
business for new entrants.
And with a
number of company
incorporation services in Singapore, forming a company in Singapore can be a walk in the
park for any new business owner.
5 Most Profitable Businesses To Start In Singapore
If you’re a new
entrepreneur, these are just some of the industries with so much potential for
growth in the Lion City.
Automotive
Many
international automotive companies prefer Singapore either as a headquarters
location or as their regional base for spares distribution, production, and
R&D. Major original equipment manufacturers (OEMs) and Tier 1 automotive
suppliers find Singapore’s exceptional physical and trade connectivity, solid
financial infrastructure, and strong pool of supply chain professionals as
great reasons for company incorporation
in the Lion City.
Natural resources
Those involved
in agriculture, aquaculture, metals, and minerals will find Singapore a good
location to start a business as it is strategically positioned right at the
heart of Asia’s rich resources. The Singapore government continues to build on
its resources and technologies to sustain the growth of this industry. With
Asia being home to some of the world’s top commodity producers, Singapore is
the perfect destination for entrepreneurs to establish their regional presence
in order to take advantage of the country’s trading infrastructure and
comprehensive network of international agreements.
Lifestyle-related products and services
Singapore is
fast becoming a top location for anything trendy and sophisticated. Lifestyle
businesses will surely benefit from an environment with diverse lifestyle needs
which can be served with a myriad of trendy products and services.
If you’re into
visual arts, sports, or performing arts, Singapore
company incorporation can be an immediate success when you put up a
business that caters to any of these niches. With the country’s cosmopolitan
population that is constantly abreast with global trends, you will easily find
success in this kind of business venture.
Safety and security
Singapore takes
pride in being one of the world’s safest cities, thanks to its continuous
commitment to integrity, reliability, and the rule of law. The government
capitalises on this reputation by continuously innovating on safety and
security solutions.
This is the best
time for new entrepreneurs to invest in this kind of business as the safety
and security market in Asia is expected to grow by 8%, which is
attributed to the region’s rapid urbanisation.
Robotics
Advanced
robotics is within the plans of the Singaporean government to enhance and
develop in order to enable efficiency in service delivery needs, such as
healthcare. Those involved in this industry can be at the forefront of this
development, especially now that global robotics industry is expected
to grow to US$80 billion by 2025.
Discover how
your business acumen can complement these emerging industries in order to ensure a lucrative business operation. As a new business owner, you
need to make sure that putting up a business in the Lion City will be as smooth
sailing as you want it to be by getting all the help you can get to ensure a
successful company incorporation.
Simple and hassle-free Singapore company incorporation
Most new
entrepreneurs in the Lion City partner with Singapore company formation services firms to help
them put up their new business with ease and efficiency. Singapore company incorporation services are designed to help
business owners navigate the strict business registration procedures of the
Singaporean government the hassle-free way.
Whilst the
government has made it simpler to register businesses in the Lion City, new
companies are encouraged to hire company incorporation services in Singapore to ensure they comply with the
government’s strict regulations. Partnering with a Singapore company incorporation services firm ensures that you
timely adhere to all these regulations and don’t miss out on all the
requirements needed to put up a legit business.
Singapore company formation
services like Corporate Services Singapore are
well-equipped to handle new entrepreneurs’ company formation needs with their
highly qualified and trained specialists who are experts in quick yet efficient
company registration. These professional services providers also offer a
comprehensive portfolio of services and solutions to fit a company’s
incorporation and compliance needs.
Check out one of
these emerging businesses and see how a Singapore
company incorporation services firm can help make your entrepreneurial
vision come to life. After all, the best way to start a business is to ensure
that you have put up a good foundation for a legitimate business
operation.
