Country Information Export Development Canada Asia and Pacific

Singapore

Welcome to Singapore, one of the world’s most open economies for international trade and investment and ranking second for ease of doing business.

Evaluating the market in Singapore

We can help you get a better understanding of market activity, relationships and support to grow your business.

EDC Position

EDC Country Position - Open

Open

What this means:

  • Actively pursuing business
  • All EDC solutions are available in this market, subject to regular approval criteria
How does EDC determine the position?

Risk Rating

EDC Country Position – Low Risk

Low Risk

What this means:

The Commercial Country Ceiling (CCC) Risk Rating is measured from low to high, and is meant to represent the best possible rating that can be assigned to a commercial business (obligor) in a country.

How does EDC determine the risk rating?

Business environment in Singapore

Singapore is a leading financial hub, a regional trading centre and one of the world’s busiest ports.  As one of the largest FDI destinations for Canadian companies in Southeast Asia, Singapore continues to be a crucial trade and investment partner for Canada in the Asia-Pacific region by offering increasing potential for diverse trade and investment opportunities in all sectors. This is attributable to a highly transparent and efficient legal and institutional framework which offers ample protection for foreign investments. Singapore’s business-friendly environment is also sustained by a well-organized civil service and pro-business government policies. Canadian companies contemplating setting up offices in this market must exercise caution, as the costs of operation in Singapore are relatively high and labour supply is tight. Canadian companies in Singapore can be served at EDC’s corporate branch, which opened in March 2017.
  • Advanced Security
  • Aerospace
  • Environmental Infrastructure & Waste Water
  • Telecom

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Doing Business in Southeast Asia

Doing business in Southeast Asia

A comprehensive guide helps you explore exporting and direct investment opportunities in the ten fast-growing markets of Southeast Asia.

Here’s a helpful tip for doing business in Singapore

Remember “Greeting and Seating” to help you follow the strict etiquette for business meetings in Singapore. A formal hierarchy is followed for introductions and seating arrangements– always wait to be introduced and told where to sit.

Unlock key contacts in Singapore when you download our Market Entry Advisor Guide.

International Trade Solutions

We understand opportunity

With our knowledge and solutions, you can take on the world knowing that we've got your back.

Interested in growing your business in this market?

Speak to a Trade Advisor weekdays between 9 am to 5 pm EST.

1-888-220-0047

1-888-220-0047

Or send us a question and we'll get back to you as soon as possible.

Send a question

Alicia McCarthy

Senior Trade Advisor, EDC

Alicia McCarthy  Senior Trade Advisor, EDC