Interested in starting a business in Singapore in 2022?
We put together of the best businesses you can start in Singapore today.
In this list of ideas, you can find:
Home-based businesses to start in Singapore
- Profitable online business ideas
- Unique business opportunities for Singapore
- Low investment business ideas (under $5k to start)
- Easy businesses you can start in Singapore today
For each business idea, we’ll show you real-world examples, revenue expectations for each idea, + a step-by-step on how to start your small business in Singapore.
Singaporeis doing excellent in tourism sector. The country attracts people from all across the world because of its beauty and nature friendly atmosphere. If one wants to invest in tourism sector then there is a lot of scope apart from traditional market.
Car rentals, food restaurants, bars, guide service, professional photography, adventure sports, etc. are many such options available for one try their hands. There are many businesses that one can work on which is place specific.
Like the alpines attract different kinds of businesses which one can go for after a brief research. Take your time and do research to try the best business in tourism industry.
Startup Consultancy Services
Singapore is known for its economy and business friendly laws. The reason for its growing and booming economy are the startups and innovations.
The country is also a hub for investments and has series of high-tech firms. Every year Singapore sees thousands of startups and there are many parties who invest money in startups.
There are many newcomers into the startups who have no experience and low very little on how to start their business and run it efficiently.
Why not a startup consultancy service that aids and guides startups towards its logical end. One can hire some experts and invite guest guidance to help such startups grow.
One can charge money for it and make it a profession with various branches.
Office Equipment Rental
Since the Singapore is a major destination for business thus it is evident that there will be lots of offices in the country. Some major companies can buy everything on their own but there are many companies who rely on renting office equipment rather than buying them in Singapore.
This saves the initial cost of investment since these items can well be rented. Such items include office furniture, computers, machines like Photostat, Air conditioner, appliances, projectors, etc. which are known as general office items.
These items can be rented in bulk thus they cost less in comparison to directing purchasing. Opening a business of renting office items in Singapore can be a good idea since the requirement of such items is huge.
Yoga and Meditation Center
Corporate employees are these days advised to go for meditation and yoga in order to reduce the stress being built given the hectic work and pressure based work.
Many employees have faced serious health problems because of stress and work overload. In order to solve this, doctors are recommending them to go for meditation.
Such centers for meditation and yoga is in full swing in Singapore and there is much scope to it. In order to do well in your business, you can introduce various schools of yoga and meditation, new teaching methods with tech advancement making it viable for your customers.
This business all across the world is doing excellent and has huge market potential in Singapore.
Fund management companies
Singapore also a popular destination for wealthy individuals and companies who own offshore accounts.
Therefore, it’s a great opportunity to start a business as fund manager, even though there are strict regulations for fund management companies in Singapore, such as obtaining special authorizations to manage investment funds.