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Set Up a Print Shop in Singapore

Set Up a Print Shop in Singapore

Investors interested in starting businesses in an industry which is not much spoken about in Singapore can try the print sector. The intellectual property legislation transformed Singapore into one of the most sought destinations in Southeast Asia for those seeking to invest in the print industry.

At the moment, there are close to 1000 print shops operating in Singapore which represents 0.3% of the city-state’s Gross Domestic Product. The value added by print stores to the Singapore economy is more than 1 million SGD per year.

If you are interested in opening a print shop in the city-state in 2024, our Singapore company formation specialists can assist with the registration procedure of the company.

You can find out more information on how to create a print shop in Singapore from the video below:

What do you need to start a print shop in Singapore?

Before starting a print shop in Singapore, one must decide on the services they want to offer and the equipment needed. Another must is the location of the shop which must be visible. The print shop can also advertise its activities though banners or ads in order to attract a greater number of clients. Creating a website for the print shop will also help the business in receiving more visibility and promoting its services.

Only after that the entrepreneur can start the company formation process in Singapore. Foreign investors must appoint a local representative if they want to open a company in Singapore, including a print shop.

Business ideas for opening a print store – presented by our consultants in company formation in Singapore

Starting a print shop in Singapore is a great business idea for a small or medium-sized company, including sole proprietorships, therefore the first step to consider when setting up this type of venture is the niche of clients it will address and the capital needed. Among the most successful print shops offer services like:

  • UV printing;
  • digital printing;
  • RFID printing.

Those who want to set up print shops in Singapore in 2024 can also create corners within the store where various items such as books, magazines, bookmarks, mugs or souvenirs can be sold.

The print and copying market in Singapore

Traditional printing and copying are expected to be replaced by modern digital printing solutions, which is why if you want to set up a company in Singapore in this sector, you can move towards such services.

 Even so, the traditional printing and copying:

  • is still expected to generate USD 18.6 million in revenue in 2024;
  • by 2028, however, it is forecast to decrease by 0.35% every year;
  • by 2028, the market value of printers and copiers is projected to reach 148,200 by 2028;
  • digital printing on the other hand is expected to grow at 12.8% annually between 2024 and 2030.

If you are interested in starting a business in the print industry, our Singapore company formation consultants can assist you with the registration of the chosen business form, so do not hesitate to contact us.