Business License Singapore
A business license in Singapore is a legal document that allows you to operate a business in the country. The type of license you need will depend on the industry you are in and the activities you plan to carry out.
Some of the most common types of business licenses in Singapore include:
General Business License: This is the most basic type of business license and is required for most businesses in Singapore. It covers a wide range of activities, such as retail, services, and manufacturing.
Industry-specific licenses: Certain industries require additional licenses or permits. For example, businesses in the food and beverage industry need a license from the National Environment Agency (NEA), while businesses in the financial services industry need a license from the Monetary Authority of Singapore (MAS).
Home-based business license: If you plan to operate your business from home, you will need a home-based business license from the HDB or URA.
You can apply for a business license online through the GoBusiness Licensing portal. The processing time for applications varies depending on the complexity of your request.
Here are some of the steps involved in applying for a business license in Singapore:
Choose the right business structure: The type of business structure you choose will affect the type of business license you need. For example, sole proprietors and partnerships do not need a business license, while limited liability companies (LLCs) do.
Register your business with ACRA: Once you have chosen a business structure, you need to register your business with the Accounting and Corporate Regulatory Authority (ACRA).
Apply for a business license: You can apply for a business license online through the GoBusiness Licensing portal.
Pay the licensing fee: The licensing fee varies depending on the type of license you need.
Submit the required documents: You will need to submit certain documents to support your application, such as your ACRA registration certificate and proof of business premises.
Once your application has been approved, you will receive your business license. You must keep your business license up-to-date and renew it on time.
You can find more information about business licenses in Singapore on the GoBusiness website.
How Bestar can Help
Bestar is a Singapore-based company that provides a wide range of corporate services, including business incorporation, corporate secretarial services, accounting, and tax. We can also help you with the process of obtaining a business license in Singapore.
Here are some of the ways Bestar can help you with your business license in Singapore:
Advise you on the right type of business license: Bestar can help you choose the right type of business license for your needs, based on your industry and the activities you plan to carry out.
Prepare and submit your application: Bestar can help you prepare and submit your business license application to the relevant authorities. We will ensure that your application is complete and accurate, and that it includes all of the required documentation.
Follow up on your application: Bestar will follow up on your application on your behalf and keep you updated on its status. We will also resolve any issues that may arise during the application process.
In addition to these services, Bestar can also provide you with ongoing support and guidance on your business license requirements. For example, we can help you renew your business license on time and keep you informed of any changes to business license regulations.
If you are considering starting a business in Singapore, Bestar can be a valuable resource for obtaining a business license and other corporate services. W have a team of experienced and knowledgeable professionals who can help you navigate the process smoothly and efficiently.