Singaporean Small Business – Setting Up in Singapore. Singapore provides the world’s most business-friendly regulatory environment for local entrepreneurs and is ranked among the world’s most competitive economies. The benefits to setting-up offices in Singapore can be significant, whether you’re an individual or a corporation, the process of starting a business is simple. The pro-business policies allow relatively hassle-free entry and exit from the country through special visas and passes. The Singapore Economic Development Board provides more detailed information about setting-up an office. If you think you’re ready to start your business, here’s a an overview of resources you may need to use in order to make it happen.

Singaporean Small Business Setup – Banks

banks-setting-up-businessBanks in Singapore. While many entrepreneurs put their own money into their new companies, it’s very possible that you’ll need financial assistance. A commercial loan through a bank is a good starting point, although these are often difficult to secure. The following banks provide full banking services in Singapore:

  • OCBC Bank
  • DBS Bank
  • United Overseas Bank
  • Bank of Singapore
  • POSB Bank
  • Far Eastern Bank
  • Oversea-Chinese Banking Corporation
  • Standard Chartered Bank
  • Citibank
  • State Bank of India

 

Singapore Government, Business and Trade

government-business-trade-informationGovernment, Business and Trade. To become an officially recognized business entity, you must register with the government. Corporations will need a document, which includes your business name, business purpose, corporate structure, stock details and other information about your company. Otherwise, you will just need to register your business name, which can be your legal name, or the name you’ve come up with for your company. The Singaporean Government, Business and Trade organisations are:

News and Media in Singapore

Media – Singapore Small Business. Newspapers and Radio News

Singapore and ASEAN – 10 Countries in Southeast Asia (AEC)
Singapore – ASEAN Ten Countries (AEC) which comprises of all the major nations in Southeast Asia. The goal of establishing Asean Economic Community (AEC) is to transform the region into a single market and production base with a highly competitive advantage to make it a stable and prosperous region. The countries are: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. You can find 20+ more countries in Asia information by following the link. Return to our Brunei, Indonesia, Malaysia, Philippines, Singapore main page to find more regions and posts about entrepreneurs and small business in Asia and around the world.

liked-the-post-read-some-more-posts-entrepreneur-sme-asiaIf you liked this post, you may also be interested in reading:
24 Top Young Singaporean Entrepreneurs under 30
Doing Business in Singapore
ASME – The Association of Small & Medium Enterprises – Singapore
Jobs in Singapore and Latest Job Offers
Singapore Franchise Opportunity
Singapore Jobs for Foreigners
Singapore Small Business Opportunities and Ideas
Singapore Online Video Marketing Guide
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