SINGAPORE EXPATS FORUM
Singapore Expat Forum and Message Board for Expats in Singapore & Expatriates Relocating to Singapore
Discuss your views about Singapore business & economy, current policies & issues, starting a business in Singapore.
Opening your online store is one method. The main issue is how do you get people to notice you? What are your marketing methods? What branding do you want to establish for your target customers? These are very real questions you need to ask yourself. Depending on which, the approach will vary.Ronald Cover wrote: ↑Fri, 12 Apr 2019 3:33 amThank you all for the answers! You very comprehensively answered questions on the legal side. But I also have questions and they are more practical. How do you organize your business? Do you resell goods and take on the role of an intermediary? Or you open your online store. I have so far little experience with this, but I would like to get serious about it. Now I have an example of these PrestaShop modules https://myspammymodules.com/. I want to try to open an online store. What do you think about that ?
Reselling/Franchising is usually the easier way compared to starting out an entire new brand because you can skip past the branding stage and build on the established image for easier outreach and sales.
It is possible but I recommend that you use Singapore post, that your suppliers send goods from China true Singapore post. It's cheaper than Hong Kong, like this you can organize DHL express for example shipping from China via DHL cost 100 USD if they send with the local courier to Singapore shipping agent, and it comes within 1-2 days DHL Express could cost you 20 USD in total. Worldwide DHL Express needs from 2-4 days to come and you have insurance with them, this is a small trick that can help you.
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Lorykil, aside from your apparent paid for advertisement on SAS, please ensure you read posts carefully. The poster you are answering is on an S pass. No he cannot do eCommerce while on an S pass.
Life isn't about avoiding the bruises. It's about collecting the scars to prove we showed up for it!
I have a similar question, if I'm on an EP I believe I'm not allowed to start and run a business, regardless of where it is based. However on the MOM site it mentions that you are able to request an exception. Obviously only the MOM can give the answer, but is that a common occurrence or one of those very rare exceptions?
The only exception to working for another company is if you are to be a director of a company related by share holdings, or if your job requires you to be the director of another company.adventurus wrote: ↑Wed, 08 Jul 2020 10:53 pmI have a similar question, if I'm on an EP I believe I'm not allowed to start and run a business, regardless of where it is based. However on the MOM site it mentions that you are able to request an exception. Obviously only the MOM can give the answer, but is that a common occurrence or one of those very rare exceptions?
Example: You work on EP for a bank as a business analyst. A banking client requests that you sit on their board of directors as an outside director. Your bank files for a letter of consent to allow you to be a director of the client company.
There are no other exceptions. If you are running your own business in Singapore, you must have an EP to do so, and you cannot have two EP's at the same time.
I have a small capital and I also thought about opening a small business. It's much easier to do this online these days. But where should I start? Many people advised getting involved in online arbitration. After reading several forums on this topic, I decided that this is quite a good idea. However, there is still a lot of question about this. Very often I was advised to study the whole topic about arbitrage at https://yourmoneygeek.com/retail-arbitrage/ and it was really useful. I became convinced that I wanted to take the risk of investing in online sales. Your forum helped me to solve some legal issues and now I am bravely starting my own business. Thank you!
Last edited by Legalsers on Mon, 17 May 2021 2:38 am, edited 1 time in total.
- Strong Eagle
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Strange that you would be posting this question on a Singapore expat board when you are in Manchester, England.
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