Here are some of the good business ideas that you can start
in Singapore–
Agriculture
Singapore is not famous for its rich arable land, with only
about 0.87% of the total area specifically devoted to agricultural purposes.
Despite the fact, the country has an overwhelming demand for food and other
agricultural products than it can ever produce.
It is logical to think about starting a feasibility study in
this area because there are very few actors in the agricultural sector.
Venturing into vertical agriculture is a good investment, as
it is now one of the new and most creative ways to grow in the poor land of
Singapore. While the main challenge of this business is to invest and innovate
the technology required for production, the gains are significantly higher.
Vertical farms have higher yields due to dependence on controlled, high-tech
indoor environments. As a result, harvested crops are not exposed to chemicals,
pollutants, pesticides and dirt.
Electronics
Whether it's smartphones, car navigation systems or game
consoles, it's likely to have been designed or manufactured in Singapore. In the
third quarter of 2017, the manufacturing sector (mainly electronics), together
with the services sector, represented 77% of gross domestic product for 2017.
What better industry to be involved in the electronics sector?
In 2019, the electronics sector should expand to support the
demands of the global semiconductor market. Singapore is fast becoming the
Asian center of manufacturing industry, making it an ideal place for electronic
company investors to create and manage new markets here and surrounding regions.
Fitness Trainer
Exercise centers are becoming increasingly popular in
Singapore as more and more people give priority to a healthy and fit body.
Becoming a fitness instructor, or better yet, setting up a center that offers
personalized and special fitness training sessions can attract a plethora of
people from all walks of life.
You may want to set up an ideal gym or fitness center that
meets the specific needs and personality of each client to motivate them to
come back and exercise on an even more regular basis.
As a personal trainer, you can also inspire other people who
are too busy doing exercise to start eating well. To provide a holistic weight
loss program, you can offer nutritional advice and weight management advice in
addition to gym facilities. Freelance personal trainers are considered more
profitable than regular gym employees, with a wage average of $ 35,785 per
year.
Beside the above-mentioned business there are many other
good businesses that you can start in Singapore. For example- Information
technology business, e-commerce business, child care service and many others.
However, before you are allowed to start a business in Singapore you must register your business in Singapore maintaining company
registration policy of ACRA
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