Transcript of Visa3
- 1. SINGAPORE By Anton Laus Anton Javier Myrthelle Velasco
- 2. SINGAPORE TARGET COUNTRY:
- 3. INDUSTRY OVERVIEW 29% 0% 71% Manufacturing Agriculture
Services
- 4. CENTRAL REGION CENTRALIZED AREA MAKES IT ATTRACTIVETO BOTH
WORKING PROFESSIONALS AND STUDENTS 335,400 RESIDENTIAL HOUSING
UNITS
- 5. POPULATION PER REGION
- 6. CHOSEN SERVICE NANNY SERVICES
- 7. MODE OF SUPPLY
- 8. MIDDLE YOUTH TARGET MARKET AGES 30 TO 44 POPULATION 1.635
MILLION IN 2013 SINGAPORES LARGEST SEGMENT
- 9. THE SANDWICH GENERATION
- 10. HOUSEHOLD PROFILE
- 11. PORTERS 5 FORCES
- 12. THREAT TO NEW ENTRY High Maids and care takers are common
Singaporean imports and is considered a fast growing industry
- 13. COMPETITIVE RIVALRY High Philippine maids have rivalry due
to the abundance of maids from other countries Singaporeans are
known to import maids from different countries
- 14. SUPPLIER POWER High The Philippines is known to have some
of the best maids Exporting of maids is known to be done in the
Philippines
- 15. BUYER POWER Low The Philippine maids are some of the best
and are known for their quality, which making them more preferable
over other maids Demand for these maids higher than those maids
from other countries
- 16. THREAT OF SUBSTITUTION High Abundance of maids in Singapore
from different countries increases choices of Singaporean employers
and increases the level for alternatives and substitution
- 17. SERVICE REQUIREMENTS
- 18. REQUIREMENTS TO ESTABLISH A BUSINESS 1. You must engage a
professional firm to register a Singapore company. Singapore law
does not allow foreign individuals or entities to self-register a
company. 2. There is no requirement for you to obtain any special
Singapore visa if you merely want to incorporate a private limited
company but have no plans to relocate to Singapore. You are free to
operate your company from overseas as well as free to visit
Singapore on a visitor visa whenever required to attend to company
matters on a short-term basis. 3. If you plan to relocate to
Singapore to operate your company, you are required to obtain an
Employment Pass or Entrepreneur Pass type of work pass. 4. All
Singapore company incorporation formalities (as well as work permit
formalities, if applicable) can be handled without you having to
visit Singapore. The only exception may be opening a bank account,
depending upon the bank you choose.
- 19. ENTREPASS 1. You wish to establish a business in Singapore
and relocate to Singapore to run it. The proposed business idea
must be entrepreneurial and innovative in nature, and able to
create local employment. 2. You have an entrepreneurial and/or
relevant background. 3. You plan to register your business as a
Singapore private limited company and not as a sole proprietorship
or partnership. 4. You have not yet incorporated your company, or
the company is not more than six months old at the time of
EntrePass application. 5. You plan to have at least 30%
shareholding in the proposed business. 6. The company will have a
minimum paid-up capital of S$50,000. You are sponsored by a
well-established Singapore-registered company or are able to
furnish a Bankers Guarantee of $3,000 issued by a Singapore-based
bank upon approval of application.
- 20. REQUIREMENTS FOR A FDW 1. Foreign Domestic Workers (FDWs)
must have a minimum of 8 years of formal education and possess the
necessary educational certificates as documentary proof of her
education. A list of acceptable educational certificates is given
below. 2. When the foreign domestic worker arrives in Singapore,
she will have to submit a photocopy of the educational certificates
before she is allowed to sit for the FDW Entry Test. The Ministry
of Manpower (MOM) may require FDWs who are unable to produce
acceptable educational certificates to be repatriated. 3. According
to mom.gov.sg the requirement for a Foreign Domestic worker is a
Highschool Diploma
http://www.mom.gov.sg/documents/services-forms/passes/educational-
requirements-for-first-time-fdw.pdf
- 21. PERCEPTUAL MAP Local Maidprovider.PH MerryMaids.PH
Qualitycareprovider.com Foreign Bestmaids.org.sg Netmaids.com
FCMaidagency.com
- 22. COMPETITIVE ANALYSIS/BENCHMARKING
- 23. BESTMAID.SG.ORG SITE: http://www.netmaid.com.sg/ STRENGTHS:
5 different nationalities of Maids Easy access and user-friendly
when it comes to hiring maid WEAKNESSES: Competition against other
developing maid agencies OPPORTUNITIES: Wide target market allows
for development of a wide range of different services THREATS:
Other online maid agencies that are being developed Adjusting of
culture of the maids
- 24. NETMAIDS SITE: http://www.netmaid.com.sg/ STRENGTHS: Uses
different kinds of nationality when it comes to maids WEAKNESSES:
The site is quite confusing Unpleasing of accessibility
OPPORTUNITIES: New maids in the market THREATS: Other online maid
agencies that are being developed
- 25. FCMAIDAGENCY SITE: http://www.fcmaidagency.com.sg/
STRENNGTHS: Highly qualified maids WEAKNESSES: The site is
unpleasant to the consumer(being too wordy) The site being
confusing OPPORTUNITIES: Recruitment of maids in the market TREATS:
Other online maid agencies that are being developed
- 26. MAIDPROVIDER.PH SITE: http://www.maidprovider.ph/#hiremaid
STRENGTHS: First online maid agency in the Philippines Assures good
quality maids by placing great effort on background investigations
before hiring maids WEAKNESSES: Competition against other
developing maid agencies OPPORTUNITIES: Because they are the first
online maid agency in the Philippines and a well-known one as well,
they have developed customer trust and have a trusted company image
Word of mouth for being well-known and for being the first online
maid agency in the Philippines helps develop a better company image
THREATS: Competition because of the development of more online maid
agencies in the Philippines
- 27. MERRY MAIDS PHILIPPINES SITE: http://www.merrymaids.ph
STRENGTHS: Customizes maid services to fit customer needs
Individualize services and prices to suit different customer
factors WEAKNESSES: Competition against other developing maid
agencies OPPORTUNITIES: Individualizing price factors and services
to customer needs can serve as a unique factor that will continue
to help the company stand out THREATS: Competition because of the
development of more online maid agencies in the Philippines
- 28. QUALITY CARE IN-HOME CARE SERVICE SITE:
http://www.qualitycareprovider.com/index.php STRENGTHS:
Personalized care giving to the preference of the customers Target
market is not limited and widely ranged WEAKNESSES: Competition
against other developing maid agencies OPPORTUNITIES: Wide target
market allows for development of a wide range of different services
THREATS: Competition because of the development of more online maid
agencies in the Philippines