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Singapore Business Licenses and Permits
Posted: Apr 19, 2019
Today we will talk about the registration of companies in Singapore In addition to registering your own unit in Singapore, some companies are subject to other regulatory obligations of other government agencies. All necessary permits, permits, and licenses must be obtained before commencing business.
Below is a list of short introductions to industry-specific trading licenses in Singapore. In some cases, the accounting and business regulatory authority (ACRA) system will execute the project during the qualifying period if the second authority must issue a license or permit.
Even then, companies must register with ACRA before applying for a corporate license. Depending on the type of license/approval for which no application has been submitted, the processing time is between 2 weeks and 2 months.
Manufacturing
The construction industry requires many licenses and/or approvals before starting work. If you want to do manufacturing work on your device abroad, your company must go through the application for a work permit. This is done in the Ministry of Human Rights (MOM).
Employment Agency
All employment agencies must obtain a license from the Employment Agency. There are two types: a full license or an option license. Both are started by MOM. It should be noted that these licenses can only be granted for legal entities and not for individuals. Regardless of whether applicants are recruited in Singapore or abroad, a work agency must have a license before they can apply to those positions.
Event management companies
All event management companies in Singapore are responsible for obtaining one or more licenses. Of course, this depends on the type of event or activity that is to be organized. Some examples include artistic entertainment licenses, public internet licenses, copyright permissions, etc.
Financial Services
The Monetary Authority of Singapore (MAS) is a regular organization that issues licenses to all financial operations. All financial advisors must obtain a license for their regular activities. Now you can eat in two different license types:
- License for capital market services
- License for a financial advisor
Food and Beverage
There are many requirements and regulations in the restaurant/cafe industry in Singapore. First, you must apply for the Food Ship license. Second, you have to hire staff. In addition, all owners of F & B companies who plan pottery on their menu must purchase an alcohol license. There is also a copyright license for playing music / live moderators, public entertainment licenses, and food product import licenses.
Hotel
You must obtain several licenses before opening a hotel or guesthouse in this city. You must focus on the Principal Hotel Kesar's license and then seek approval from the Hotel Licensing Board. Additional licenses/licenses to organize live shows, transfer or play music or videos that are copyrighted, that is open to spa centers, distribute tobacco products, etc.
Private Education
In this case, you are looking for binding registrars, licenses, approvals, and procedures. Before you can set up an educational institution in Singapore, you must first take care of it. Where appropriate, the same rules apply while childcare facilities, kindergarten schools, academic schools, fand non-academic schools begin.