Singapore is a city-state in Southeast Asia that lies between Malaysia to the north and Indonesia to the south. The Singapore Strait runs south of the city-state, and the Johor Strait runs between Peninsular Malaysia and Singapore.
Singapore’s economy is small and open, similar to that of Hong Kong. The country’s GDP per capita of over US $65,000 makes it one of the wealthiest economies in Asia. It also has one of the highest population densities in the world — 5.7 million people inhabit an area slightly larger than the Isle of Man. One-third of the population consists of foreign workers and residents.
There are many different sectors that participate in the Singaporean economy. Manufacturing has a one-fifth share of the economy, predominantly consisting of electronics, biomedical manufacturing, engineering and chemicals. Singapore is the third-largest oil refining centre in the world. The country is also a major regional hub for shipping, logistics, air transport and financial services.
There are numerous opportunities for UK businesses across many sectors in Singapore including biomedical sciences (BMS) and healthcare, creative industries, education and training, energy and environment, financial and professional services, ICT, and transport and infrastructure.
About this guide
This guide aims to provide a route map of the way ahead, together with signposts to other sources of help.
The main objective of this Doing Business with Singapore Guide is to provide you with basic knowledge about Singapore; an overview of its economy, business culture, potential opportunities and to identify the main issues associated with initial research, market entry, risk management and cultural and language issues.
We do not pretend to provide all the answers in the guide, but novice exporters in particular will find it a useful starting point. Further assistance is available from the Department for International Trade (DIT) team in Singapore. Full contact details are available in this guide.
To help your business succeed in Singapore we have carefully selected a variety of essential service providers as ‘Market Experts’ Click Here
The guide is available in 4 formats:
a ‘free’ downloadable 'mobile device-friendly’ app – available from the Apple App Store and Google Play Store
a full colour hard-copy brochure (to order your copy please Click Here)
PDF download/e-flipbook (available to download below)
An introduction to the Institute of Export & International Trade
Established in 1935, the Institute of Export & International Trade is the professional membership body representing and supporting the interests of everyone involved in importing, exporting and international trade. Offering a unique range of individual and business membership benefits and a world renowned suite of qualifications and training, the Institute is the leading authority in best practice and competence for businesses trading globally.
To view other videos, please visit the IOE&IT YouTube Channel.
For more information visit: www.export.org.uk
Doing Business with Singapore Guide Market Experts - Please click on the logos below to view our Market Expert profiles and to find out how they can help you to succeed in Singapore!
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