This document summarizes key information about starting a business in Singapore. It provides the current exchange rates between the Singapore dollar and INR and US dollar. It also outlines that Singapore has a highly developed, open, and business-friendly market economy according to the World Bank. The document recommends researching customer needs and understanding Singapore's business laws and culture before starting a business. It identifies fast food and snacks as a good business opportunity due to their popularity and potential for profit with low capital requirements.
3. CENTRAL BANK OF SINGAPORE
MONETARY AUTHORITY OF SINGAPORE
STRUCTURE OF BANK
BROAD OF DIRECTORS
MANAGING DIRECTORS OFFICE
5. BUSINESS IN SINGAPORE
World Bank holds, Singapore is the easiest place in the world to start a
business. And the most telling proof of this is the presence of over 3,000
multinational corporations in the country.
Singapore has a highly developed trade-oriented market economy, which
has been ranked as the most open, least corrupt, and most business-
friendly. Low tax rates and high GDP per capita are other factors
responsible for Singapores very friendly business climate.
Now for those interested in starting a business in Singapore, it will be
very helpful and advisable to undertake some research first and know
just what people in Singapore want and need. Doing business in
Singapore entails sufficient knowledge about the country; its laws, its
culture, its existing establishments, and the overall business climate.
Nothing kills a business faster than doing things based on assumption,
rather than facts.
So if you are a foreigner already living in Singapore, or you are planning
to settle down in that country soon, chances are you want to start your
own business there.
6. BUSNIESS TO START IN SINGAPORE
Fast foods and snacks
REASON TO START THIS BUSNIESS
Fast food 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, its one you can easy break into.