Insights in South East Asia's lucrative markets and support to help you do business in the region
Think of Singapore as your gateway to South East Asia’s lucrative markets.
As a region South East Asia boasts a population of almost 700 million and 10 high-growth economies including Indonesia, Vietnam, Malaysia and Singapore – offering huge opportunities for Scotland and its companies.
The Singapore market is a very attractive location for Scottish companies primarily focused on supplying the regional oil & gas sector and its related marine and engineering sectors.
A large number of financial institutions have their regional HQ's there and we're working more and more in the food and drink, technology and education sectors.
Over 7,000 multinational companies have operations here with many using Singapore as their regional headquarters.
More than one million residents and almost a fifth of the population are non-Singaporean attracted by high standards of living and the thriving business culture.
Singapore has topped the World Bank's ranking for ease of doing business for the last seven consecutive years.
The country is highly regarded for intellectual property, the quality of its labour market and lack of bureaucracy.
Benefits to Scottish companies exporting to Singapore include:
- Free flow of goods and capital
- Favourable exchange rates
- Common language and strong historical ties
- Similar business and legal practices
- Similar technical standards
- Close to major Asia Pacific economies
- UK’s largest trade partner in south east Asia
Getting the right support
SE Asia is relatively cash rich, which means companies in the region have more capital to explore partnership opportunities with Scottish companies.
From our Singapore office, we're focused on developing these opportunities across the region and can put your company in touch with key decision-makers.
Neil McInnes, head of Scottish Development International's operations in the region blogs about the promise of great things to come for Scotland's food and drink in Singapore and beyond:
Read Neil's blog on opportunities for Scottish food and drink companies
With support from our partners at Department for International Trade we can offer you further insights into South East Asia's market potential.
Read DIT's guide on doing business in and with Singapore on the GOV.UK website. This guide covers:
- Challenges of doing business
- Benefits and growth potential of the market
- Trade between the UK and Singapore
- Opportunities in Singapore
- Start-up and market entry considerations
- Legal considerations
- Tax and customs considerations
- Entry requirements
Read the Exporting to Singapore guide
To discover how we can help your business, get in touch.
Get one-to-one support