Although Singapore has very limited arable land, the country has relied heavily on agro-technology for agricultural production and consumption. But the demand for food and other agricultural products seem to be outweighing the supply with each passing day because there are very few players in the agriculture sector.
You are very likely to make huge profits from agriculture in Singapore provided you're ready to bear the costs of the technology required for boosting production.
Singapore is aggressively promoting and developing its biotechnology industry. The government has spent hundreds of millions of dollars on infrastructure, fund research, development, and recruitment of top international scientists.
In addition, leading drug makers like GlaxoSmithKline and Pfizer have set up plants in Singapore. So, there are huge opportunities for investors in the biotechnology sector. However, breaking into this industry requires solid background knowledge and a huge capital.
03Fast foods and snacks
Fast foods and snacks sell very well in Singapore. This means investors can really make lots of profit from businesses that sell snacks such as barbecue, pizza, and so on. This business requires little capital and no formal academic certifications. So, it's one you can easy break into.
Transportation is one of the necessities that are almost indispensable. And this is why the demand for transport services is high almost everywhere. As a foreign investor in Singapore, you can start a transport business, the scope of which hinges on your capital. If you have little capital, start a taxi service that transports people within local routes. With bigger capital, you can start an inter-city or inter-state transport service.
The electronics industry is the largest in Singapore’s manufacturing sector, accounting for a whopping 48% of the total industrial output. This high production rate notwithstanding, there are huge opportunities for businesses that sell electronic products to consumers. With a little capital, you can focus on a narrow range of electronics, but this could be wider depending on your capital.
With increasing need by businesses to attract customers and sell their offers via the internet comes the booming demand for professionals and businesses that offer online marketing services. These services range from copywriting to search engine optimization. If you are a seasoned copywriter, or a website designer and developer, or a search engine optimization specialist, or a social media marketing expert, then huge opportunities are awaiting you in Singapore.
With the increase in number of individuals and businesses that have adopted blogging as a way of making money online comes the escalating demand for creative ghostwriters. Blogging as a business thrives only when quality content is published consistently, a condition that many bloggers would never meet on their own. So, if you are very good with words and are a stickler for perfect grammar, you can make lots of money working as a ghostwriter for bloggers as well as handling other writing assignments.
Most Singaporeans are just too busy to handle their laundry themselves. So, they would rather pay to get this done for them. If you are looking to start a small-scale business in Singapore, consider this option. To start a laundry business, you need no more than a washing machine and a few other equipments such as pressing irons, dryers, and so on.
09Automobiles and spare parts
Cars and other automobiles sell very well in Singapore. And foreigners can easily break into the business. But capital remains the main issue, as the business requires huge capital. However, if you are having little capital, you can start a business that sells auto spare parts instead. They sell well, too.
Because there are many businesses, both indigenous and foreign in Singapore, there is high demand for individuals that offer professional financial services such as accounting, auditing, and bookkeeping. If you have a solid background in any of these services, you can make a lot of money in Singapore by helping other businesses with your skills.