To start, Singapore is a free-market economy. This means that good and services are priced based on the willingness of the consumers, not the government. Supply and demand are not intervened at all by the government either. Free Trade When it comes to free trade, Singapore is known as the most open in the world. […]
read more
A lot of businesses in Singapore actually do not need a license. However, these exceptions include mandatory, occupational and business-based licenses. Oftentimes, a license can take from a few days to two weeks or as late as two months. Make sure you plan ahead of time when you want your license. Certain licenses may take […]
read more
In an earlier post, we spoke about the benefits of setting up your business in Singapore. If you are convinced and have decided to set up shop in Singapore, the next step is to figure out how to do so. In this post, we will help you figure out the passes you need for […]
read more
Singapore is a beautiful city-state that is known to have a thriving business culture. Because of its close proximity to other countries within Asia, it naturally has become the center of international business, said to be hosting over 30,000 international companies. This fact not only attracts businesses to set up in Singapore, but foreign […]
read more
Business is growing substantially in Singapore, as is evident by being ranked in the top ten places for businesses in the world by Forbes in 2018. Entrepreneurship thrives on that growth and luckily incorporating a business in Singapore can be very simple. In fact, it only takes 24 to 48 hours to incorporate companies in […]
read more
In 2016, Singapore was ranked as the best country for doing business in a survey by the World Bank for 10 consecutive years. According to the 2019 Economic Freedom Index, Singapore has the second most free economy in the world with an economic freedom score of 89.4. These accolades have been the result of a […]
read more
With the release of Singapore’s Budget 2018, Small and medium-sized enterprises (SMEs) in the country have plenty to rejoice. If you are a small business owner, it will do you much good to read up on the support the government can offer you
read more
Singapore and Hong Kong have always been competing in ranks for being the best place to do business. Both of these locations
read more
As a startup founder or an entrepreneur, the very last thing you want is getting stuck on that very first step of the journey ie. the incorporation of a legal entity to run your business (in other words, a company). If you are stuck with the countless options out there to incorporate your company, you’re […]
read more
Introduction Due to the Competition & Consumer Commission Act of Singapore (CCCS). With a large competition platform, it is hard to differentiate yourself. In this blog, I will discuss the importance of reaching beyond existing demand to maximize profits. Given Singapore’s popular industries and types of customers, you will be able to take your […]
read more