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[Expats] What is a good business to start in Singapore?

  1. Agriculture
    Although Singapore has very limited arable land, the country has relied heavily on agro-technology for agricultural production and consumption. But the demand for food and other agricultural products seem to be outweighing the supply with each passing day because there are very few players in the agriculture sector.

    You are very likely to make huge profits from agriculture in Singapore provided you’re ready to bear the costs of the technology required for boosting production.

  2. Biotechnology
    Singapore is aggressively promoting and developing its biotechnology industry. The government has spent hundreds of millions of dollars on infrastructure, fund research, development, and recruitment of top international scientists.In addition, leading drug makers like GlaxoSmithKline and Pfizer have set up plants in Singapore. So, there are huge opportunities for investors in the biotechnology sector. However, breaking into this industry requires solid background knowledge and a huge capital.

  3. Fast foods and snacks
    Fast foods and snacks sell very well in Singapore. This means investors can really make lots of profit from businesses that sell snacks such as barbecue, pizza, and so on. This business requires little capital and no formal academic certifications. So, it’s one you can easy break into.

  4. Transport
    Transportation is one of the necessities that are almost indispensable. And this is why the demand for transport services is high almost everywhere. As a foreign investor in Singapore, you can start a transport business, the scope of which hinges on your capital. If you have little capital, start a taxi service that transports people within local routes. With bigger capital, you can start an inter-city or inter-state transport service.

  5. Electronics
    The electronics industry is the largest in Singapore’s manufacturing sector, accounting for a whopping 48% of the total industrial output. This high production rate notwithstanding, there are huge opportunities for businesses that sell electronic products to consumers. With a little capital, you can focus on a narrow range of electronics, but this could be wider depending on your capital.

  6. Online marketing
    With increasing need by businesses to attract customers and sell their offers via the internet comes the booming demand for professionals and businesses that offer online marketing services. These services range from copywriting to search engine optimization. If you are a seasoned copywriter, or a website designer and developer, or a search engine optimization specialist, or a social media marketing expert, then huge opportunities are awaiting you in Singapore.

  7. Freelance writing
    With the increase in number of individuals and businesses that have adopted blogging as a way of making money online comes the escalating demand for creative ghostwriters.

    Blogging as a business thrives only when quality content is published consistently, a condition that many bloggers would never meet on their own. So, if you are very good with words and are a stickler for perfect grammar, you can make lots of money working as a ghostwriter for bloggers as well as handling other writing assignments.

  8. Laundry
    Most Singaporeans are just too busy to handle their laundry themselves. So, they would rather pay to get this done for them. If you are looking to start a small-scale business in Singapore, consider this option. To start a laundry business, you need no more than a washing machine and a few other equipments such as pressing irons, dryers, and so on.

  9. Automobiles and spare parts
    Cars and other automobiles sell very well in Singapore. And foreigners can easily break into the business. But capital remains the main issue, as the business requires huge capital. However, if you are having little capital, you can start a business that sells auto spare parts instead. They sell well, too.

  10. Financial services
    Because there are many businesses, both indigenous and foreign in Singapore, there is high demand for individuals that offer professional financial services such as accounting, auditing, and bookkeeping. If you have a solid background in any of these services, you can make a lot of money in Singapore by helping other businesses with your skills.

  11. Thrift shop or vintage store – Singapore has lots of clothing stores, but your very own thrift shop or vintage clothing and accessories store can possibly stand out in one of the bustling neighborhoods.

  12. Home tutoring service – Heads of families in Singapore tend to arrange for home tutoring for their kids, making it a good business option. You can even choose to teach English language or accounting, as these two subjects are highly in demand.

  13. Eco-friendly products – Distributing eco-friendly products online such as light bulbs and recycled items may be a great business move. Just be sure to keep your site navigation-friendly and updated with fresh articles.

  14. Organic products like quality baby linen or gift packs – Quality conscious parents can be regular customers for this type of product offerings.

  15. E-books – A small business that caters to a favorite pastime, like reading, can thrive. Consider writing and selling your own e-book through the e-marketplace if you have skill and determination.

  16. Handmade jewelry – Can you string pretty beads and retail them? Then you can start a jewelry making business from home if you have the skill and passion for it.

  17. Elderly care services – In Singapore, there is a law that mandates children to take care of their elderly parents and indirectly, this law has created a demand for elderly home health care services. Providing quality care for seniors, like preparing meals, running errands or housekeeping, can be lucrative business, especially in households with busy working professionals. After all, no one would like to spend time in jail for neglecting their elderly ones.

  18. Fitness trainer – More and more people are realizing the importance of having a fit body. A fitness trainer can get his share of clients. Products that enhance health may likewise have huge demand.

  19. Cleaning services – Running a small business that provides residential upkeep can be a good business. Commercial establishments that need to keep their premises clean can also be regular clients. You can provide housecleaning services, office cleaning services, foreclosure housecleaning, roof cleaning, etc.

  20. Repair services – Individuals who need to have their appliances or furniture repaired can save costs. Hence, a repair service business can be a good business option. In any economy, whether good or bad, people will always have things to fix as fixing an item cost less than buying a brand new one.
Read also: [Expats] How do you start a business in Singapore?
Expat shouldn't start online business in Singapore. If you have an online business why would they even want to come here?
Personally I don't recommend foreigner to start financial services in Singapore. They cannot apply their country's knowledge here, our tax is always changing and MAS have straight regulation.
I hope expat open business here to hire us and not the other way round.
They do, Rolls-Royce is a good example.
Food is still the best. The only authentic food we do not have are the food prepared by foreigners itself. If you want to start a business, make yourself useful.

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