Singapore continues to be among the most business-friendly economies in Asia for inbound investment and corporate engagement. It is also a regional and continental hub for many major international corporations who view it as an ideal entry point for Asia. In addition to this, the island nation is now a major outflow FDI contributor. Despite this, Singapore market entry services help you avoid certain issues that can arise.

Export-led industrialisation has transformed sectors such as wafer fabrication and oil refining. Meanwhile, SMEs play a critical role in the economic ecosystem, contributing significantly to GDP and accounting for most of the country’s workforce. Shipping also has an outsized influence with the Port of Singapore among the busiest facilities globally.

Given its small size, the country unsurprisingly faces challenges not seen elsewhere in Southeast Asia. For instance, Singapore imports most of its food due to the limited arable land available while water has been classified as a precious resource.

Why Singapore?

Singapore enjoys low tax rates while having one of the highest per capita GDPs globally which is a big draw for many organisations. However, the city-state has a lot more to offer than that.

It is home to the Asian-Pacific Economic Cooperation (APEC) and is regularly ranked among the least corrupt economies in the world. The ease of doing business in the country is highly favourable as well.

Singapore market entry services from Asian Insiders

Competition here is higher than elsewhere in Asia. It is still possible to find success in Singapore, but many firms aren’t always ready for the challenges that may potentially await them when entering the market.

With an experienced team that deeply understands the local business landscape, Asian Insiders is here to help you connect, engage, and achieve success in Singapore. Our Singapore market entry services help you navigate the local business culture as well as thoroughly understand the differences between your home country and other regional economies.

Click here to take our Readiness Check to see if you’re ready to enter Singapore

Singapore’s SME sector remains the backbone of the economic landscape, contributing significantly to GDP and accounting for around 70% of the country’s workforce. Singapore is small, with limited arable land meaning it must import most of its food, while water is classified as a ‘precious resource’. The country has emerged as a regional leader on sustainability and green finance.

The ease of doing business also means that competition here is high. However, it is still possible to find success in Singapore. Asian Insiders understands the local market and can provide the foundation required to realise business goals.