Singapore: 10 Best Industries for Starting a Business In 2017

These industries show the greatest potential for success this 2017.

In no particular order, here are some of the top industries that businesspersons can gaze into in Singapore:

· IT — The technology sector in Singapore is thriving, and it is looking out to be one of the most promising industries in the next couple of years.

· Biotech — Singapore has excellent intellectual property protection, which makes it an excellent hub for companies in the pharmaceuticals and biotechnology sector.

· Travel and tourism — Tourists flock to Singapore for the country’s heritage structures, new lifestyle attractions, museums, as well as its flora and fauna.

· Agriculture — Singapore is not the first Asian country to come to mind when it comes to agriculture.

· Fashion — Singapore is a cosmopolitan country with a pro-business climate that makes starting a new venture very easy.

· Hospitality — With the recent boom in the travel sector, the hospitality industry needs to keep up with tourists’ ever-changing needs.

· Education — According to SPRING Singapore, education is a growing industry that is expected to flourish in the coming years.

· Telecommunications — Singapore’s telecommunications section is globally competitive.

· Fintech — With a strong government support, more fintech companies are flocking to the city-state to launch their projects and initiatives.

· Online marketing — In 2016, Singapore experienced a rapid growth in technologies, particularly in social media.

Regardless of the industry business owners may want to tap in, company incorporation in Singapore is rather stress-free, but familiarity with the procedures may require some professional help, especially for foreign business owners.

Read more here: 10 Best Industries for Starting a Business In Singapore