Business Landscape

In Singapore a lot of sectors are regulated and/or actively supported by the Government. More than in the Netherlands, the government works with a 5-year plan and achieves result due to the intensive resources assigned to the plan. Differing from this schedule is difficult. It is advisable to go along with the flow of commitment and resources that are deployed by the Singapore Government and you will have the most success in doing business.

 

The Economic Development Board (EDB) takes the lead in the development of Singapore. “We are the lead government agency for planning and executing strategies to enhance Singapore’s position as a global business centre. We dream, design and deliver solutions that create value for investors and companies in Singapore. Our mission is to create for Singapore, sustainable economic growth with vibrant business and good job opportunities.” Read More…

 

Various Government agencies are created in order to manage and help develop the economy of Singapore, as well as relevant (generous) subsidies.

 

SPRING Singapore

“SPRING Singapore’s mission is to raise productivity so as to enhance Singapore’s competitiveness and economic growth for a better quality of life for our people. It has three areas of focus: productivity and innovation; standards and quality; small and medium-sized enterprises (SMEs) and domestic sector.” Read more…

 

Workforce Development Agency (WDA)

“WDA’s current focus is to support sustainable and productivity-driven growth through CET (Continuing Education and Training).” Grants are meant for the Singaporean population, given to them via the employers. WDA supports 38 different sectors. You can get all kinds of grants for the training or education of your employees. Note that there are some terms and conditions as to the allocation of these grants. Mostly employees need to be Singaporean or Permanent Resident and 30% of the shares of the company belong to a Singaporean. Training is considered useful and rates for foreigners to join are fair. Read more…

 

SME Centres – one stop shop

“The Association of Small and Medium Enterprises (ASME) is a not-for-profit organisation established in 1986 for entrepreneurs, by entrepreneurs. With wide-ranging services and programmes, ASME strives to equip member SMEs with the business knowledge and market opportunities to help them grow their businesses.”

The SME Centres provide entrepreneurs with information and advice on all kind of subjects regarding the set-up of the business. The website is a bit fussy, but the advice given is good and free of charge. It is perhaps comparable to the advice a Dutch KvK would give. Read more…

 

Singapore Business Federation (SBF)

“The Singapore Business Federation (SBF) is the apex business chamber that champions the interests of the Singapore business community in trade, investment and industrial relations. It represents 21,500 companies, as well as key local and foreign business chambers, that contribute significantly to the Singapore economy.” Read more…

 

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