Singapore remains one of the world’s most attractive places to establish a business. From its 5th rank in 2024, it has climbed to 4th place in the global startup ecosystem ranking.
Because of strong government backing (e.g., 50% corporate tax rebate and funding options such as the Business Adaptation grant), there’s never been a better time to start your venture.
Whether you are an experienced entrepreneur ready to invest or a first-time founder looking for low-cost opportunities, this guide is for you. We’ve rounded up the most profitable business ideas in Singapore across key sectors.
AI & Technology Solutions
#1 – AI Consulting Services
Why it’s profitable: The global AI consulting market is projected to reach US$90.99 billion by 2035. Many businesses want to adopt AI but don’t have the in-house expertise.
What you’ll do: Help companies integrate AI into their operations
Earning potential: Around S$91,000 to S$320,000 per year
Startup requirements: You need strong technical knowledge, solid industry connections, and minimal upfront capital.
#2 – AI-Powered Customer Service Platforms
Market opportunity: Annual growth rate: 23%. AI-driven customer service is helping businesses cut operational costs by as much as 80-90%.
Services to offer:
- Building and customising AI chatbots
- Automating support ticket systems
- Creating multi-language customer service solutions
Best for: Entrepreneurs who are tech-savvy and passionate about improving customer experiences through AI.
#3 – Micro-SaaS Development
Why it’s a great time: The software industry is expected to hit ≈S$960 billion this year, and there’s still plenty of room for niche, specialised products.
Profitable niches:
- Workflow automation tools
- Subscription management software
- Industry-specific cybersecurity platforms
Revenue model: Offer subscription plans starting from S$50-200 per client per month
#4 – AI Content and Marketing Solutions
Value proposition: AI tools can cut content creation time by 30-90% depending on the task.
Services to offer:
- Content repurposing and optimisation tools
- AI-powered SEO platforms
- Automated social media scheduling systems
How to get started: Master a leading AI content marketing tool and build a small project portfolio or blog to showcase your work. After this, start offering services on freelance platforms like Upwork.
FinTech and Financial Services
#5 – Fraud Prevention Solutions
Market outlook: The global fraud detection and prevention market is on track to reach US$65.68 billion by 2030. Hence, the rising need for secure digital transactions.
Target clients: Banks, e-commerce companies, and payment processors
How to get started: Either partner with existing platforms to provide fraud detection tools or develop your own software that uses AI and data analytics to identify suspicious activity
#6 – Stablecoin Payment Solutions
Opportunity: The global cross-border payments market’s value is expected to soar to US$250 trillion by 2027.
What you’ll build: A payment processing system that allows businesses to accept stablecoins securely and seamlessly
Why SG: Singapore has clear and structured crypto regulations, making it advantageous for crypto service providers to build credibility
#7 – DeFi Platform Services
Market potential: Decentralised Finance (DeFi) is projected to surge from US$97 billion in 2025 to US$1.16 trillion over the next 5 to 10 years.
Possible revenue streams:
- Transaction fees (0.1-3% per transaction)
- Platform token appreciation
- Lending, staking, and liquidity services
Estimated investment: Starting from S$20,000 for initial development, plus up to S$23,000 for security compliance, infrastructure setup, UI/UX design, and platform testing before launch.
Health Tech and Wellness Ventures
#8 – Telemedicine Platforms
Market potential: The global telemedicine market is projected to reach US$334 billion by 2032. This means that virtual healthcare continues to gain momentum.
Business model: Build a platform that connects patients with licensed doctors through secure video consultations
Why it works: Post-pandemic habits have changed how people view healthcare. Many of us now expect digital access to doctors for convenience and safety.
#9 – Mental Health Apps and Services
Economic impact: Investing in mental health could boost the global economy by as much as US$4.4 trillion by 2050. Increasing awareness equates to a higher demand for accessible mental health support.
Formats to explore:
- Corporate wellness programs (to improve employee well-being)
- AI-powered therapy apps (personalised mental health support)
- Virtual support groups (to connect people sharing the same experiences)
Pricing model:
- Consumers: S$10-20 per month
- Corporate clients: S$6.50 to S$32.50 per employee per month
#10 – AI Diagnostic Tools
Applications: Develop AI tools that assist in medical imaging analysis and early disease detection (overall goal is to improve diagnostic accuracy and speed)
Target clients: Clinics, hospitals, diagnostic centres that are looking to integrate AI-powered tech into their workflow
Partnership tip: Collaborate with healthcare institutions to launch pilot programs, gather real-world data, and refine your solutions before scaling up.
Sustainable and Green Businesses
#11 – Solar Energy Installation
Growth outlook: Singapore’s solar market is projected to grow at an annual rate of 3.19% through 2029. It is supported by strong government incentives and sustainability goals.
Services to offer:
- Residential solar panel installation
- Commercial energy audits
- Long-term maintenance and monitoring contracts
Revenue potential: You can expect annual earnings, including Renewable Energy Certificate (REC) sales, of about 15-20% of the system’s initial cost.
#12 – Circular Economy Services
Impact on revenue: Businesses adopting circular economy models can experience 15-20% topline growth thanks to cost savings and stronger brand reputation.
Possible business models:
- Product rental platforms
- Repair and refurbishment services (electronics and appliances)
- Upcycling and recycling operations (waste → new products)
Market projection: Growing at a 13.2% CAGR, expected to reach US$1.3 trillion by 2030
#13 – Urban Vertical Farming
Why it matters: Singapore imports over 90% of its food, creating strong demand for locally produced and sustainable alternatives.
Technology to use: Hydroponic and aeroponic systems; both maximise space and reduce water usage
Revenue streams: Direct-to-consumer sales, restaurant partnerships, and contracts with grocery retailers
E-Commerce and Digital Retail
#14 – Dropshipping Business
Growth in Singapore: The local dropshipping industry is growing rapidly, with a projected 20.5% CAGR from 2025 to 2030.
Startup cost: You can get started with as little as S$260, making it one of the most accessible online business models.
Profit margins: Expect to earn 15-20% margins on average
Success tip: Focus on social commerce. Platforms like TikTok and Instagram are now key drivers of sales, especially for lifestyle and trending products
#15 – Print-on-Demand Services
Market growth: The print-on-demand market is expanding at an impressive 26% annual rate.
Profit margins: Usually ranging from 20% to 50%; though aiming for around 40% ensures long-term profitability
Best for: Designers, illustrators, and content creators who already have a loyal online audience or want to monetise their creativity
How to start: Use platforms like Shopify and Etsy, or build your own e-commerce website to showcase your designs on t-shirts, mugs, tote bags and more.
#16 – Subscription Box Services
Market outlook: The Asia-Pacific subscription box market is projected to grow at a 19.4% CAGR from 2025 to 2034. It’s driven by demand for personalised and convenient shopping experiences.
Profitable niches to explore:
- Eco-friendly lifestyle products
- Children’s learning kits and materials
- Specialty snacks and gourmet foods
- Beauty and wellness boxes
Key to success: Use AI-driven personalisation to tailor each box to customer preferences. Focus on creating a memorable unboxing experience that keeps subscribers excited month after month.
Educational Technology
#17 – Online Course Creation
Market outlook: The global online education market is expected to hit US$178.45 billion by 2033, growing at a steady 5.96% CAGR.
High-demand topics:
- AI and data analytics skills
- Digital marketing and e-commerce
- Creative skills such as design and video editing
- Professional certification courses
Revenue model: Create your course once and sell it repeatedly. The typical pricing ranges from S$60 to S$650. Flagship or comprehensive courses can go as high as S$3,900.
#18 – Corporate Upskilling Platforms
Focus areas: Develop training solutions that help teams build essential modern skills (e.g., AI literacy, remote collaboration, and data fluency).
Pricing: Corporate training workshops usually start from S$390 to S$3,900 per session. It can go higher depending on the scope and duration.
Growth strategy: Partner with the government initiatives like SkillsFuture Singapore to get funding support and at the same time boost credibility with corporate clients.
#19 – AI-Powered Tutoring
Statistics: 3 out of 4 teachers in Singapore use AI to teach or enhance student learning. This only shows how integrated AI has become in education.
Services to offer:
- Personalised learning paths for every student
- Focused STEM education
- Test preparation and academic support
Pricing: Offer flexible monthly subscriptions ranging from S$13 to S$80, or provide discounted annual plans for families and schools
Content and Creator Economy
#20 – Social Media Management Agency
Rates: You can start at S$500, then charge up to S$3,000 as you offer more comprehensive packages.
Services:
- Content creation and scheduling
- Community management
- Influencer partnerships
Why it works: Most SMEs lack internal expertise for rapidly changing social platforms.
#21 – Short-Form Video Production
Demand: Every business needs TikTok, Instagram Reels, and YouTube Shorts content
Pricing model: For basic short-form videos, S$200-S$800; mid-tier videos cost from S$1,000-S$3,000.
Equipment needed: Smartphone, basic lighting
#22 – Influencer Marketing Agency
Market size: The global influencer marketing platform market size is projected to grow to S$70.86 billion by 2032 (17% compound annual growth rate).
Focus: Connect brands with micro-influencers (about 3 to 5 times higher engagement than macro-influencers)
Revenue: As much as 30% of the total campaign budget/influencer fees
Low-Investment Service Businesses
#23 – Remote IT Consulting
Singapore market: US$662.7 million (S$863.4 million) in 2025 (CAGR of 3.87% between 2025 and 2030)
Services:
- Cybersecurity audits
- Cloud migration
- Digital transformation strategy
Billing: For general IT consulting services, hourly rates range from S$75 to S$125; if niche expertise is included, it can go as high as S$350 per hour.
#24 – Virtual Assistant Services
Earnings: For beginners, S$7-S$15 per hour (more specialised or experienced virtual assistants can bill higher, up to S$40 or even higher)
Tasks: Email management, scheduling, CRM updates, research
Client acquisition: LinkedIn outreach, freelance platforms
#25 – Specialised Freelancing
In-demand skills:
- Web development (S$30-S$120 per hour)
- Copywriting (S$30-S$150 per hour; others charge monthly)
- Graphic design (S$25-S$150 per hour)
Timeline to first client: 1-3 weeks with a strong portfolio
Coaching and Online Education
#26 – Online STEM Tutoring
Demand: From 2018-2023, the annual tuition spent by parents in Singapore increased by 400 million.
Subjects: Mathematics, coding, science, engineering
Format: One-on-one or small group sessions via Zoom/other video conferencing platforms
#27 – Virtual Fitness Coaching
Growth: Massive shift to online/hybrid fitness post-pandemic
Models:
- Group classes (Starts at S$10 per participant)
- Personal training (Starts at S$60-S$250 per session)
- Subscription programs (range from S$45-S$180 per month)
#28 – Career Coaching Services
Target market: Mid-career professionals, fresh graduates
Package pricing: Introductory sessions start at around S$100 to S$180 per session; others offer multi-session packages at prices like S$450/3 sessions or S$700/5 sessions
Deliverables: Resume interviews, interview preparation, career strategy sessions
Choosing the Right Business for You
Ask yourself the following questions to evaluate your starting point and so you can properly choose the right fit for you.
- What expertise can you leverage immediately?
- How much can you invest without financial stress?
- Can you commit full-time or start as a side hustle?
- Who could be your first 10 customers?
When you’ve given answers to these few questions, you can easily come up with a short list of profitable businesses in Singapore that match your expertise, commitment, and clientele.
Making It Official
Starting a business is exciting, but handling the administrative details properly from the get-go is a significant factor for its success in the long run. You must be able to choose the right business structure and have a wide understanding of the licensing requirements and tax obligations before you can say that your company is off to a good start.
Corporate Services Singapore specialises in helping entrepreneurs like you navigate these important steps in company incorporation. With us as your corporate partner, you can direct your focus to building your business and serving customers.
These big opportunities are waiting. All you need is the courage to begin and the right foundation to build upon.
Contact us today for a non-obligatory discussion.
