Skip to content

Setting Up Your Business in Singapore: A Comprehensive Guide to Living, Working, and Thriving

So, now that you’ve got your company all set up and ready to take off in Singapore, what’s next? You would be looking at the next steps to take such as travel in Singapore, how to rent an office space, what the cost of living for an expat would be, the culture, history, banking industry, weather, climate and so on. Basically, all the information and guidance you would need about how to make living in Singapore as comfortable as possible for you and your family.

Whether you are thinking about moving to Singapore to establish a base of business, or if you have already set up and business and are now looking at settling down in the country, here are some resources that you will find helpful to get you settled in:

 

Travel in Singapore
If you haven’t established business in Singapore yet but you’re thinking about doing so, it’s a good idea to organize a 2-day business trip to explore the city.

Renting a Business Office in Singapore
Singapore has several office options to choose from, including serviced office, conventional office spaces, private-owned and government-owned commercial buildings, virtual offices and home offices.

Cost of Living for an Expatriate in Singapore
Singapore is one of the most expensive cities in the world to live in, because it is so developed and advanced. To live a comfortable life in Singapore, it would be best to prepare for it financially so you’re not taken by surprise upon your arrival here.

Singapore Driving License Conversion – Driving in Singapore
If you hold a driving license that was issued outside Singapore, the first thing you need to do is to check if your license can be converted to a Singapore driving license if you plan to do a lot of your own driving around the city.

Singapore’s Banking Industry and Its Major Banks
Singapore has a flourishing financial centre, and the banking industry is one of the key players of the financial sector. The growing number of high net worth individuals has certainly helped the country emerge as a leading private banking destination that international investors are keen to take advantage of. See some of the major banks available in Singapore here.

Singapore’s Weather and Climate
Singapore is typically warm all year round, experiencing a tropical climate because it is located so close to the equator. Expect abundant rainfalls and high temperatures and humidity all year round.

Singapore Mass Rapid Transit (MRT)
Hailed as one of the most cost-efficient public transport networks in the world, Singapore’s Mass Rapid Transit (MRT) is the backbone of the public transport system in Singapore. The MRT was officially launched in 1988 and now comprises four main lines: North-South, East-West, North-East and Circle.

Singapore’s Economy
Singapore’s economy has always had a strong reputation and robust growth over the years, contributing to the nation’s global status as a thriving business hub. A free-market economy which is highly developed, Singapore’s economy is ranked as the most open economy in the world.

SingPass Registration and Office Counter
SingPass is a portal to hundreds of digital services offered by over 60 government agencies such as the Accounting Authority of Singapore (ACRA), the Inland Revenue Authority of Singapore, and the Central Provident Fund Board, empowering users to only have to remember one password when connecting and transacting with the Government.

Co-working Spaces a Valuable Addition for Start-ups
Modern-day office setups have come a long way compared to only a couple of years back. Co-working spaces are rapidly replacing conventional office setups and it’s easy to see why. Co-Working Spaces are dynamic; you can lease a work area when you need it for work.

Housing and Development Board (HDB)
Housing and Development Board (HDB) was established by the Ministry of National Development. Currently, HDB is Singapore’s public housing authority. Its general functions are clearing the squatters and slums of the 1960s and resettling residents into low-cost state-built housing. They go past the planning and development of Singapore’s housing estates. They build homes as well as commercial, recreational, and social amenities to make a quality living environment for all.

Open chat
Hello
How can we help you?