Evaluating the market in Singapore

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

Read the Country Risk Quarterly interactive guide for valuable insights on rapidly changing global markets, new opportunities and the latest political and economic risks that could affect your business.

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Global Export Forecast

Read the Global Export Forecast for expert insights from the EDC Economics team on the current trends influencing global trade and Canadian exporting.

Read the latest Government of Canada travel advisory for this market.

Business environment in Singapore

Singapore is a leading financial and technology hub, a regional trading centre and home to one of the world’s busiest ports. As one of the largest foreign direct investment (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. It offers increasing potential for diverse trade and investment opportunities in all sectors and access to multiple trade agreements, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and Regional Comprehensive Economic Partnership (RCEP) that increase Singapore’s regional importance and relevance. The highly transparent and efficient legal and institutional framework offers ample protection for foreign investments. Singapore’s business-friendly environment is also sustained by a well-organized public service and pro-business government policies. Canadian companies looking to set up offices in this market should plan for the relatively high costs of operation in Singapore. Export Development Canada (EDC) serves Canadian companies in Singapore through its corporate branch, which opened in March 2017.
  • Advanced Security
  • Aerospace
  • Environmental Infrastructure & Waste Water
  • Telecom

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.



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Date modified: 2024-02-05