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Welcome to 3E Accounting’s comprehensive Industry Guide for Singapore. As a leading accounting firm with over a decade of experience, we’re committed to providing valuable insights and guidance for businesses operating in various sectors across Singapore.
Singapore has long been recognized as a global hub for business and innovation. Its strategic location, robust legal framework, and pro-business policies make it an ideal destination for entrepreneurs and corporations alike. Whether you’re looking to start a business in Singapore or expand your existing operations, our industry guides offer invaluable information to help you navigate the landscape.
Our team of experienced accounting professionals has curated detailed guides covering various industries in Singapore. These guides provide in-depth information on:
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In recent years, the music and arts industry has been one of the driving forces of Singapore’s entertainment business. With many initiatives by the government and local creators, music and arts are becoming more accessible for Singaporeans everywhere.
Singapore’s competitive market and attractive tax rates have made the country a highly desirable place to conduct business. The Lion City has locals and foreigners from all around the world who want to work there. And they can definitely use the help of an employment business to get hired seamlessly!
When starting a real estate business in Singapore, you must abide by the current legislation. Under the legislation, every real estate agency will need a license from the CEA. This must be done before you can begin any sort of estate agency related work.
Every food lover knows that the place to be is Singapore. From Western to Asian, Middle Eastern and more, you’ll find any delicacy to satisfy every craving in this bustling island nation. Singapore is where all the dishes of the world culminate together in one, outstanding location.
The tourism industry is a viable and important industry in Singapore. With low crime rates, developed infrastructures, and numerous attractions, it is an ideal tourist destination. Consequently, In 2019, Singapore attracted about 19 million international tourists.
Singapore’s strategic location has long become the centre of attention for travellers and their commerce ships from all around the world, making the country’s port a desirable destination for trade. The city-state has connections to over 600 ports and 120 countries.
As the quintessential global business city, Singapore upholds its image as a top city for conventions, exhibitions and international meetings. The spectacular launch of Singapore’s Integrated Resorts puts the city on par with Las Vegas as a vacation and convention centre.
The Singaporean public is constantly looking for good books, newspapers and periodicals. Furthermore, the publishing industry flourishes in Singapore because of this demand combined with strong IP protection, easy business setup and a literate worker pool.
Ever since the Great Recession, Singapore’s retail sector has been thriving, fuelled by magnificent growth in Singapore’s tourism. The country’s retail outlets have been experiencing double-digit growth that is the envy of the world.
Want to know more about Singapore’s licensing requirements for the telecommunication industry? There has been an enormous new demand in the telecommunication service sector and explosive growth of the Asian-Pacific region in recent years.
Singapore enjoys an international status as the art and entertainment hub of Southeast Asia. In fact, starting a concert, sport event, magic show business might be just the ticket for you.
Singapore, an international maritime hub hosting 5,000+ shipping companies adds about 7 per cent to GDP and ships to over 600 ports in 120 countries. For those looking to start a maritime or shipping business operation, look no further than Singapore’s global port which has an excellent reputation, making it the preferred choice of many.
Singapore’s service sector remains the largest contributor to its gross domestic product (GDP), forecast to expand 5.1% in 2021. According to the Singapore Tourism Board (STB), the hotel industry is sustaining itself by diversifying strategies.
It’s been witnessed that Singapore has observed a profound demand in construction within the past few year, especially due to the rise in large scale projects in the public sector, like the MRT lines, housing and business parks.
The worldwide pandemic threw e-commerce into a growth overdrive, with businesses pivoting digitally to survive and thrive. The novelty of having an online enterprise is still surging and starting an e-commerce business remains trendy.
Over the years, the education system in Singapore has shown tremendous growth. The Global Schoolhouse Initiative, which started in the early 2000s has helped the city-state become a forerunner in the global education market.
Come and learn step by step on how to set up a coffee shop in Singapore while tapping into the profit churning opportunities the food and beverage industry has to offer to entrepreneurs. The guide also shows the employment matters to run a coffee shop successfully in Singapore.
A step by step guide on how to set up a dental clinic in Singapore is all you need to know as it is very much similar to that of setting up a traditional clinic. The licensing of medical practices in Singapore is controlled by the Ministry of Health (MOH) and applications are made through the Central Licensing Branch (CLB) of MOH.
With the support of government schemes to help entrepreneurs venturing into the agriculture sector, the industry has made tremendous improvements over the years. The Government’s ’30 by 30′ target has set 2030 as the year that Singapore achieves 30% self-sufficiency in food.
In Singapore, you will always find that the food and beverage industry is thriving. For entrepreneurs who are looking to venture into Singapore’s F&B sector, this is a guide to starting a café food and beverage business in Singapore.
It is all about appearances when it comes to the entertainment business in Singapore. One tip is to make a lasting impression among your customers if you want your business to stand out amongst the crowd.
When it comes to embracing the latest business technologies, Singapore’s maritime sector is still not as up to date as it should be despite being one of the leading industries. Some maritime businesses in Singapore for instance, are still relying on old arcane methods such as depending on pen and paper to manage the planning of the business.
Imagine the freedom of being your own boss. Wouldn’t it feel great to wake up each morning and avoid the rush-hour traffic or the mad dash for public transport just to get to work on time?
The massage establishment business in Singapore is highly sought after by international investors because of how successful this – along with the spa industry – is. Currently, it is one of the most lucrative areas which contribute to the country’s GDP annually, and this number is only set to grow even more.
According to ACRA (Accounting and Corporate Regulatory Authority), Singapore has 544,957 business entities as of June 2021. Thus, there is a huge demand for professional audits and starting an audit firm can be a lucrative business idea.
The oil and gas industry is significantly different than other businesses in the world. With fossil energy in demand, this industry is sustaining your market share and profitability for the business which requires you to handle challenges like a pro.
Spas and wellness centres need to meet a certain level of standard. Your clients will most probably have expectations of your spa and the deluxe experience you can give them.
Want to start a business in Singapore which requires a minimum investment amount? A maid agency business could be the best available option for you. With a capital of $5,000 to $7,000, you will be able to start a maid agency business in Singapore once you’ve merged your company and received your licensing requirements.
Singaporeans are known as foodies with their undying love for food. To meet this growing need and rising demand, hawker stall businesses in Singapore have bright prospects for the future. Take a look at this guide if you intend to start a hawker stall business in Singapore.
With its strategic location, Singapore has made it a prime destination for many businesses. This includes private transportation services business. Due to its technological and world-class business set ups, the demand in private logistics has gone up.
Ranked 1st in 2014 World Digital Competitiveness by IMD, Singapore has been making a lasting impression in the field of technology. The Lion City ranked 1st in the World Economic Forum’s Networked Readiness Index in 2016.
Much recently it been observed that the FinTech industry is one of Singapore’s fastest growing sectors. Banks and other financial service providers welcome the rise of FinTech as it allows a much faster and responsible term of service.
When business meets passion, this guide explains how a business set up of yacht charting will have to undertake a few key factors as this line of work has been appealing to many lately.
Singapore is a melting pot of people, culture, and cuisines. Part and parcel of this all-inclusive diversity is a growing demand for Halal certification of products and processes.
Starting a Non-Profit Organization (NPO) in Singapore is the perfect way to start your noble quest. It helps you grow as a person while committing to activities that are of public interest or social value.
For the most business-forward idea this decade, look no further than starting a courier services company in Singapore.
E-commerce and the data economy have been defining a new chapter in the world of business. As the digital landscape continuously evolves under the drive of evolutionary technology, starting a data centre business seems judicious.
Singapore may have one of the best public transportation systems in the world, but there is no denying the convenience of owning a car. No queues, no buses or trains packed with people, and best of all, you don’t have to rush to catch your next mode of public transport.
Many people today lead hectic lifestyles. Sometimes, they don’t have a free moment to themselves, and when they do, the last thing they want to do is spend that precious free time cleaning.
Singapore may be renowned worldwide as an international business hub, but did you know it is also a reputable fashion capital in Asia? Singapore is home to dozens of international fashion brands from all around the world.
Singapore is home to one of the best trading hubs in Asia. It comes as no surprise that commodities trading is also one of the business options that many investors are keen to pursue. .
Hiring a consultant can be a costly affair. But why would you need to hire a consulting agency? What does a consultant do? To get right to the point, a consultant is someone who sells specialized knowledge as part of their services.
Some people may have this false conception that accounting agencies only file taxes and audit reports from time to time. However, an accounting agency’s service goes way beyond that. Accounting businesses are essential to almost every industry.
In Singapore, advertisements are almost in every corner you glance at. You probably see hundreds of ads on your way to work or in your run to get groceries. Nearly every product or service is advertised through some form of media.
Dubbed the ‘Aerospace City of the Future’, Singapore has proven its potential as the forerunner of the aviation industry in Asia from time to time.
Located in warm and tropical Southeast Asia, Singapore is one of the most humid countries in the world. With temperatures reaching up to 38 degrees celsius, walking in the street during the day can be challenging and demanding.
When the COVID-19 storm took the world in late 2019, plenty of measures were taken to break the pandemic chain. A heavy emphasis was placed on social distancing and hygiene practices as a part of the measures.
The automotive industry has been around for ages. What makes up a car is the parts of it. Automotive parts are here to stay for as long as automotive is needed to transport cargo and humans.
When you own a vehicle, whether a bike or a car or multipurpose vehicle or large umpteenth wheelers, there are endless opportunities that await you. Not only will it take you places, literally, but it could also help you expand your business networks.
If you mix butter, sugar, eggs, and flour, what will you get? A cake! Of course, the exact recipe is not that easy. But, the basis of baking usually has these main ingredients. It can also begin something wonderful like starting a bakery business.
Does fancy a cocktail drink out of the blue? Let’s get to your favorite bar for that unique mix of drinks. While you drink away that new favorite cocktail, you begin to wonder how it is like running a bar business.
Whenever the topic of beauty and wellness pops up, the usual speaker would be a woman, whether young or old, the subject and its relevant matters reel off their lips like no one’s business. From haircuts to nail care to skincare treatments to massage and even meditation, the industry is constantly expanding without missing a heartbeat.
Being one of the greatest contributors to Singapore’s economy, the food, and beverages (F&B) sector brings more than 8 billion SGD to the city-state’s Gross Domestic Product on a yearly basis. Some of the main supporters of the food and beverages industry are the tourism and retail industries.
Asia’s biomedical industry has made extraordinary advances in recent years. Singapore is one of the top regions with leading bio-clusters. Today, many top world pharmaceutical and medical technology companies have set up regional headquarters in Singapore.
The seeds of the biomedical sector were planted in the 1980s in Singapore when the government began investing heavily in pharmaceutical, biotechnology, and medical technology capabilities. These early commitments are now bearing fruit, with several biomedical companies founded in Singapore making inroads on the global stage.
Entrusted with the uphill task of appeasing and pleasing customers, call centers are usually in the first firing line of customer support. Though, social media platforms, live chats, emails, and messaging apps are the new craze.
Take this opportunity to learn about starting a car rental business in Singapore. Car rentals are always high in demand in cities, and because of this, car rental businesses are becoming more competitive. Nevertheless, let us guide you if you don’t know what it takes to operate a car rental business.
We are constantly utilizing energy wherever we go and in everything we do. Our consumption of energy is perplexing as we are used to having it within reach. It revolves around us all the time. It is little wonder that starting an energy business in Singapore is deemed viable.
Ask any Singaporean what they love to do besides hanging out online; they’d tell you they love to eat. Singapore is no stranger to a wide range of delicacies.
Storytelling is by far the most common way of relaying messages. It can contain historical reminiscence, cultural anecdotes, or fictitious stories. But even within telling stories, reality and fiction will intertwine, making the stories enjoyable to listen to or watch.
For years on end, every country in the world has had its ups and downs in financial matters. For some, any challenge is a way to learn new things or unlearn what you know and relearn again.
Fishing has been a primitive human activity to obtain fish as food. Commercial fishing is the activity of catching fish and other seafood sources and marketing them. Many people love to enjoy seafood, based on seafood consumption worldwide.
Interested in writing but wondering what to do to get yourself busy during this time of a pandemic? Wondering what you can do to give you extra allowance but a flexible working time?
Since the COVID-19 pandemic, many people from all walks of life have been left jobless. To survive in this pandemic and to feed their family, they have started venturing into new businesses.
With the rising living costs, daycares are slowly becoming the norm in Singapore as most parents are both working to earn a living to support their families. You would say some would prefer a nanny over a daycare for their child.
Dead Sea cosmetics are very famous nowadays in this modern era of skincare. As such, starting a Dead Sea cosmetics business has great potential. If you are curious about this industry and want to venture in it, then read this guide further.
The use of today’s electronic devices is a major part of our daily life, and we hardly think about what the world would be like without them. Everything from cooking to music is somehow using electronics or electronic components.
For those intending to set up a cryptocurrency license in Singapore, you will need a business license to do so. This guide explains how you can apply for your cryptocurrency license in Singapore.
