Raising Capital for Business in Singapore: How To Find The Best Business Investment In Singapore For Your Company
Singapore might attract you as an ideal business location, and you may have a great idea which you know will work. By now, you already know what having a successful business in Singapore will account to, but there is one factor that’s stopping you. Business makes money, but you still need some money to start a business. Actually, if you are in doubts, you do not need to be. Singapore is known all over the world for its ease of doing business, and finding money to start one is not difficult in the city-state. Well, there are some ways for raising capital for business in Singapore.
Bootstrapping- Start With A Small Capital Business Singapore
The first method for you to be to start with what you have. With this approach, you can start a small capital business in Singapore, and work your way to the top. You necessarily don’t have to reach to your own pocket for bootstrapping; you could ask your family members, relatives or other people close to you to fund your business. Of course, you will have a limited investment on your name, but still, it is an effective way of raising capital for business if the product or service you are planning to provide won’t cost a lot to be made.
Look Out For Angel Investors In Singapore
Angel investors are those who invest in the early stage of business expecting a considerable return in the coming time. Angel investors in Singapore generally expect 30% of the company equity in the later stage. Finding Angel Investors might not be such a hard thing to do in Singapore, and you could easily find one on the internet, just that you will need to present a compelling idea for someone to invest in you.
This is another method of raising capital for your company. As its name suggests, crowdfunding is the process of collecting money from various sources (crowd) including the public, investors, known people, e.t.c. to fund your company. There are various types of crowdfunding depending on what the ones funding your business receive, and they are investment based( Shares), loan based, donation based and reward based, and an effective way of finding crowd funders might be to go through crowdfunding websites in Singapore such as Indiegogo, Kickstarter, FundedHere, Fundnel, e.t.c.
Venture capitals could also be a great way to fund your business, but it might have downsides to it. Raising venture capital means you will get access to a lot of funds, but on the other hand, you may have to lose some of your control over the business. Venture capitalists work as mentors to your business, so you might not have a lot of freedom as you would normally have, anyway, to get access to venture capitalists from the start, you will need to show, it at the least, a revolutionary plan and some of the greatest business team members in Singapore.
Government Incentives/ Programs
There are various incentives from the government’s side in Singapore to fund the startups, and you will need to find one that befits your needs. The process to it generally is you complying with the requirement terms and being able to show a business plan/structure with some potential. You could contact us, and we could help you with finding the best incentive for your business.
This is another effective way of raising capital for business in Singapore. Seek out for a business startup loan Singapore. There are generally two types of bank loans depending on what you use for the money for, and they are funding and working capital loan. Funding will be similar to using government incentives, where you will have to showcase what you are planning to do with the money while the working capital loan is to help you fund your day to day office activities.
Still having troubles finding funds for your office? Contact us; we could help you. Also, we offer various other services like office incorporation, bookkeeping and taxation; you could take a look at them here.