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Singapore Business Licensing Requirements

Updated: Mar 25

Singapore Business Licensing Requirements


Not all businesses in Singapore require a license, but certain ones do. The specific license you need depends on the nature of your business activity. Here's a quick rundown:


Registration:


  • Before applying for licenses, you must register your business with the Accounting and Corporate Regulatory Authority (ACRA).


Licenses:


  • Some common businesses that require licenses include:

  • Educational institutions

  • Travel agencies

  • Real estate agencies

  • Liquor or tobacco distributors

  • Food and beverage establishments

  • Financial institutions

  • The specific licenses required will depend on your exact activity (e.g., food stall vs. restaurant).


Resources:


  • For a full list of licenses, you can refer to the GoBusiness Singapore website: [browse all licences on gobusiness singapore]

  • This website also allows you to find the license by the relevant government agency.


Additional Tips:


  • Always register your business before applying for licenses.

  • Identify the specific type of business you are opening to determine the exact license requirements.

  • Consider consulting with a professional to ensure you have all the necessary licenses for your business operations.


How Bestar can Help


Bestar can assist you with navigating the Singapore business licensing requirements in a few ways:


  • Knowledge and Expertise: Our area of focus is company incorporation and business formation, which frequently involves understanding licensing needs. They have a good grasp of the general requirements and which licenses might apply to your industry.

  • Guidance and Streamlining:  Bestar can help you identify the relevant licenses needed based on your business activity. This can save you time and effort from sifting through extensive lists yourself.

  • Potential Liaison: We handle the entire licensing process ourselves. We could act as a liaison between you and the appropriate government agencies. This can be helpful, especially if the process seems complex or you're unfamiliar with the Singaporean business landscape.


Here's how to best utilize Bestar's services for licensing:


  • Initial Consultation:  Discuss your business concept with Bestar. Based on your industry and activities, we can advise on potential licensing requirements.

  • Clarification and Resources:  Bestar can clarify any initial questions you have about licensing and point you towards resources like the GoBusiness website (browse all licences on gobusiness singapore) for further research.


Considering Professional Help:  If the licensing process seems daunting or you require further assistance in business licensing for Singapore, consult Bestar.


Bestar can be a valuable resource for navigating licensing. We assist with the licensing process.

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