How to Succeed in Business in Singapore

Singapore has always been preferred for international trade because of its strategic location: a natural sea port with access to all regions of the world. But it has been made all the more attractive because of fast development of infrastructure, avoidance of double taxation, and free trade agreements of the country with major countries of the world. Another great advantage of the “City of Lions” is its respect the cultural diversity. However, ease of doing business notwithstanding, doing business in a country with a different culture, people, language, cuisine, and dress code is certainly a shocker especially if you are an entrepreneur coming from Canada or US.To make it easier for businessmen, culture in Singapore is based more on relationships than financial transactions. This is something that may be hard to understand for an American, but crucial for succeeding in this Asian city state that has a population made up with descendants of Indian and Chinese immigrants brought here to work in rubber plantations by the British in the 19th and 20th centuries. This is where it is prudent for the westerners to show patience as business does not seem to grow fast initially in Singapore.

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