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Singapore: A great place to do business

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Singapore is the only first world nation in South East Asia. On a per capita GDP basis Singapore is one of the wealthiest nations on the planet.

Singapore is clean, safe, orderly, well-organised and a great place to do business and to visit.

An island nation with a population of circa six million, Singapore is strategically placed near the equator astride many of the key air and sea routes between Asia and Euro-Asian and African continents.

The three main industries are oil refining, production & assembly of hi-tech electronics and services such as excellent port & cargo handling facilities, financial services and events facilities.

Many multinational companies locate their regional Asia HQ’s in Singapore and their purchasing power for various sophisticated goods and services create many business opportunities for value add exporting.

A key sign of an advanced economy is where small businesses can specialise and deliver complex solutions addressing technical niche demand for value add products & services and do very well at it.

Singapore has a great many of these businesses and some will show a keen interest in looking at new hi-tech products to use or to plug into their distribution channels.

Accessible and honest market

In terms of access to Singapore markets and free trade generally, Singapore continually rates statistically amongst the most accessible and honest markets in the world.

Getting around Singapore is easy, the public transport train system is first class and taxis are reasonably priced. Keep in mind smaller businesses are often located in the outer suburbs so some small amount of travel from the CBD may be required.

Meeting facilities in all major hotels are very good with large foyer style cafes offering a typically perfect setting for business meetings.

For a more private arrangements most hotels offer a comprehensive and well-priced meeting rooms and business support facilities.

Trade show and event facilities are also very good with many Asia-Pac and international trade shows taking place in Singapore.  Make sure your trade show/trade exhibition priority watch list includes Singapore as many strategically significant shows are held here.

Similarly, if you are thinking of exhibiting your products or services for an Asian market, consider Singapore as amongst the first options.

Sight seeing

As you are never far from anywhere in Singapore, when your business is done, why not take a moment to see some of the sights.

Singapore boasts some of the best outdoor eating in Asia with Seafood amongst the many regional offerings of Chinese, Indian and Malay cuisine. Venues such as Clarke Quay are amongst the “must-Do”s” for an evening meal.  No trip to Singapore is complete without a visit to the famous Raffles hotel.

The Sentosa Island is well worth visiting and Singapore has a number of quite good museums and noticing the various Architectural styles of British colonial, old Chinese merchant, Indian and modern commercial with an Asian ambience such as Marina bay sands.

Singapore is a place that rarely fails to impress and if you are looking at some gentle business ”Asian acclimatisation” then visiting Singapore is a must.

David Gray is lead consultant at BizTechWrite providing export and business development advice to Australian Exporters as well as language translation and technical/business documentation services.  David can be contacted at biztechwrite@gmail.com.au

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