Just remember to write your business plan from a Singapore perspective.
As well as the usual financials be sure to mention the opportunity you see. How you can use X to improve the technology, process or the service offered by the industry here, how this allows you to train locals and improve the skills of the local workforce and how you expect this will allow you to employ Y Singaporeans over Z time.
- Lifting standards so Singapore meets or exceeds best practice. (If even possible).
- Up-skilling of locals, more employment for locals. Maybe even identify an under-utilised segment of the workforce you can employ. The elderly, ex-convicts, poorly educated.
- Increasing competition.
Then show you can make a nice profit whilst doing all of this.
A good mate just lost his entrepass as he had not met the new requirements for renewal. He told me that when he went to submit his documents at MOM, he passed them across the counter, they asked where his CPF statement of monies paid to locals employed was? He said he did not have one. They passed his renewal application back to him on the spot and did not even bother processing it!
