Starting a Business in Singapore? WATCH THIS FIRST! | A Day In A Life Ep.10

In Episode 10 of Day In A Life, I talk about something many people are curious about — starting a business or investing in a business in Singapore, whether you are a local or a foreigner. Singapore is often seen as one of the easiest places in the world to start a business. But is it really that simple? In this video, I break it down in a very straightforward way so you can understand what it actually takes before making a decision. 1. Starting a Business in Singapore as a Local If you are a Singapore citizen or PR, starting a business is relatively straightforward. You can easily register your business through ACRA (Accounting and Corporate Regulatory Authority). You have options such as: Sole Proprietorship Partnership Private Limited Company The process is fast, efficient, and one of the reasons why Singapore is considered a business-friendly country. 2. Starting a Business in Singapore as a Foreigner This is where things get a bit more complicated. If you are a foreigner looking to start a business in Singapore, you will need: A local director A valid pass such as an EntrePass or Employment Pass (EP) to operate your own business This is something many people don’t realise until they actually start the process. 3. Investing in a Business in Singapore Not everyone needs to start a business from scratch.You can: Partner with someone and actively run the business Become a silent investor and earn from profits Sometimes, investing in an existing business can be a smarter and lower-risk option compared to starting your own. 4. The Reality of Doing Business in Singapore Let’s be honest — not every business in Singapore makes money. There are several important factors to consider: High rental costs (especially for retail and F&B) The food business is one of the hardest industries to succeed in You need a significant amount of capital depending on the business It takes time before you actually see returns or profit Many people underestimate these challenges before jumping in. 5. Final Thoughts Starting or investing in a business in Singapore can be a great opportunity, but only if you understand the risks, requirements, and reality behind it. This video is meant to give you a clear and honest overview so you can make a better decision. Follow Singai Tamizhan for more content on: Life in Singapore Business insights Food and hidden gems Real experiences Keywords: starting a business in singapore, business in singapore for foreigners, how to start business singapore, singapore business guide, invest in singapore business, singapore entrepreneurship, entrepass singapore, employment pass singapore business, singapore startup guide, business reality singapore, cost of starting business singapore, F&B business singapore, singapore business tips, singai tamizhan