How to start an online business in Singapore?

Online business or eCommerce is one of the fastest-growing segments in the global markets, and especially in Singapore where prices of rent and total expenses of maintaining a business are increasing yearly. Guide to starting a online business in Singapore is simple and the process can be summarized through 4 steps:

Step 1: Research, analyze the market, and start with your business plan

• What are your products and services?
• Who are your potential customers?
• What is your competitive advantage?
• How much do you need to spend on your business?

These questions should be answered and covered in detail in your online business plan before doing any further steps.

Step 2: Reading and understanding the regulations on incorporating/starting an online company in Singapore

Although, legal documents and licensing are not required for the online business. However, you should also need to make sure that your online business also needs to comply with the country’s rules and regulations.

Step 3: Starting/Incorporating your company

Be careful with your decision to choose your business structure, your liability, taxes, and ability to raise capital and run business depend on your business structure.

Step 4: Establish the necessary infrastructure

To run your online business smoothly and efficiently, you need to establish the necessary infrastructure including staff, IT systems, and facilities that you need to promote, display or deliver your products and services to your customers.

Read more:

• Singapore offshore company
• Singapore company incorporation fees