Getting A Business License In Singapore

Industry specific business licenses in singapore.

Getting a business license in singapore. Certain businesses need to obtain licenses before they can commence operations. Singapore business licenses compulsory licenses. Each industry with businesses which require a license must answer to a different government agency.

In singapore certain government agencies oversee the approval and issuance of business licenses. Make sure you plan ahead of time when you want your license. Banking finance and insurance monetary authority of singapore.

A lot of businesses in singapore actually do not need a license. Essentially a business license is a permit issued by a singapore government agency that allows you to conduct a specific type of business. You can easily register your business including foreign branch offices online at bizfile by the accounting and corporate regulatory authority.

There are however certain business entities which are subject to more stringent regulations thus required to secure state. Oftentimes a license can take from a few days to two weeks or as late as two months. As a general rule majority of enterprises can carry out their business operations in singapore without having to procure a permit or a business licence from governmental agencies so long as their company registration has been formally filed and approved by acra accounting and corporate regulatory authority also known as singapore s registrar of companies.

All online services in singapore fall under the supervision of the singapore broadcasting authority. These agencies also serve as immediate authorities for those in the relevant industries. Also all e commerce companies in singapore are required to abide by the internet code of practice.

Certain professions need to obtain specific licenses from their respective professional. Business activity based licenses. In order to apply for a business license in singapore the company must be first registered with the registrar of companies.