Procuring Singapore Tenders to Promote Business

in Tender



Based on a capitalist mixed economic policy, the country of Singapore is one of the fastest developing economies in the modern world. The technologically developed infrastructure and free- market economic policies have led to the escalating development of the country in the global arena. Compared to many other developed countries of the world, Singapore has a multitude of opportunities to offer to business entrepreneurs from across the world.

Lucrative Opportunities for Businesses

The country is hugely dependent on the service sector which is one of the most highly developed sectors of the economy. With a corrupt free nature of the economy, entrepreneurs find huge business opportunities in Singapore tenders.

Most of the entrepreneurs from across the world find the Singapore markets quite attractive as the government has incorporated various rules in support of oversea entrepreneurs. Relocating to the country can be done easily as the government provides employment pass and Entry pass for seasoned entrepreneurs. It requires considerably a negligible amount of time to process these visas.

Moreover corporate taxes are marginally lower than the personal income taxes. Tax exemptions are also granted for newly incorporated companies and all capital gains are taxed at zero rates.

Steady price rates and minimal government intervention are the other important features that allure oversea entrepreneurs to invest in the tenders from Singapore.

Widespread Globalization

The country has witnessed widespread globalization which has improved the opportunities for global entrepreneurs to invest in the tenders of the country. Most of the tenders of the country include investments from countries such as Japan, Europe and United States. The availability of free worldwide tenders in most of the online websites has accentuated the possibility of acquiring more oversea investments.

Apart from the service sector, the import and export sector of the economy is another flourishing sector of the country. A number of tenders are floated on import and export products and services. As the country depends heavily on exports, most of the latest tenders of the country include information technology products, electronic and consumer goods.

The following are the recent tenders in Singapore.

  • Service sector

  • Process control

  • Laboratory and testing

  • Automotive parts

  • Office and school supplies

  • Electrical components

  • Hospital equipments

  • Computer parts

  • Electronic products

Apart from the above mentioned categories, a number of tenders also include chemicals, electronics and purchase of raw materials for the manufacture of industrial products. There are various websites that showcase Singapore tenders relating to the maintenance and construction works of ships and shipyards.

The Singapore port is known to be one of the busiest ports in the world which acts as the hub for all business and trade transactions. This is one of the major reasons for oversea entrepreneurs to invest in the tenders in Singapore.

Most of the tenders are generated in the field of import and export as it is one of the most profitable trade opportunities available to both local and oversea entrepreneurs. The government of Singapore aims to augment foreign investments by adopting an open trade policy. This has helped business entrepreneurs from all over the world to expand their business parameters.

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Procuring Singapore Tenders to Promote Business

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This article was published on 2011/09/12