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Starting a business in the right place is one thing, but choosing the right kind of businesses to operate is an important factor that can affect your business in future.

If you are interested in setting up business or open a company in Singapore. There are 5 best business to start in Singapore.

Agriculture

Singapore is a tiny country which has only about 0.87 percent of total land area for agricultural purposes. Therefore, a small number of businesses are working in the agriculture industry and the demands for food and other agricultural products are very huge.

E-Commerce Business

Experts expected that the number of e-commerce users is expected to increase by 74.20% in 2020. Online shopping is a profitable business in the Singapore retail industry.

Fashion & Retail

Singapore is known as the most fashion-forward trend in the region. Singapore is “heaven” for businesses operating in the fashion and retail industry.

Spa and Massage Services

Spa and massage services have strongly developed in Singapore. Both men and women are likely to choose to get pampered with luxurious treatments after a hard-working day.

Tourism & Travel

Tourism & Travel are potential profit markets for foreign businesses with around 50% of Singaporeans above the age of 15 who are traveling at least once a year.

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