Tuesday, January 16, 2018

Top 5 Most Successful Businesses To Set Up In Singapore For 2018

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.     

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