Subscribe Free for Daily Jobs Notifications
Singapore is one of the fastest growing economies in the world. Because of that, there are ample opportunities for both investment and employment. Even foreigners are allowed to set up their businesses in Singapore, but they have to obtain a visa first. Once you get a visa if you are a foreigner, you can then proceed to apply for a business license.
Some businesses require licenses while others do not. That is why you need to conduct checks on the compliance requirements for the business you intend to set up before you launch your operation. Checking whether your line of business requires a permit will put you on the right side of the LAW.
Business licenses often take a period of between two weeks and two months to be processed. If your business requires one, you are advised to prepare early as some business licenses can take more time to be processed than others. Below is a list of businesses that need a license before they are legally allowed to operate.
This is one area of business that requires multiple permits, approvals, and licenses. For a construction company to be allowed to operate in Singapore, its incorporation is not enough. Detailed inspection must be carried out to ensure that you comply with all of the laid down procedures before your company gets permits approval.
For a foreign company, you first have to apply for a work visa and work permits for you company and employees with the Ministry of Manpower (MOM). For professional engineering services, you have to obtain a license from the Professional Engineers Board. Visit the One-Visa official page if you want assistance with applying for work visas.
Just like the construction business, running a food and beverage business in Singapore also requires multiple approvals. First of all, you must obtain a food shop license, which is processed by the National Environment Agency (NEA). After you have been awarded this license, your operations must be in compliance with the NEA’s Code of Practice of environmental health or you risk having your license revoked.
Additionally, you have to obtain a permit from the Agri-Food and Veterinary authority if you are going to use foreign ingredients. If your restaurant will be selling liquor, then you need a license from the Liquor Licensing Board.
The financial services industry is one of the best performing industry in Singapore. It is regulated by the Monetary Authority of Singapore (MAS) and the Capital Market Authority. If your business operations fall in security trading, future trading, or fund management, you have to get a Capital Market Services license before your business is allowed to become legally operational. Banks and insurance companies obtain their licensing from the MAS. Retail stores
The license you will need at your retail store will entirely depend on the products that you are dealing with. For instance, if you intend to open a supermarket, you will need a supermarket license, which is a requirement as per the Environmental Public Health Act. If you are opening a pharmacy, you will apply for a certificate of registration from the Health Sciences Authority.
Setting up a business in Singapore might not be much of a hassle, but there are a lot of licensing procedures to be complied with. To be on the safe side of the law, you can seek professional advice to help you set up your business. A professional understands all of the laws and regulations governing business licenses and will save much of your time.
MBA (Master of Business Administration) is a graduate-level degree program that ... Read More
In today's need for globalization, knowing a second language can be a person... Read More
More than ever before in human history has work been so remote. 2023 is a year w... Read More
If you have already set your mind on a career as a data entry specialist, you pr... Read More
There's a lot to think about when starting a small business. You need to cre... Read More
So, you are thinking about partaking in another part-time job, right? Well, it&r... Read More
If you are on the top of your trading career, the first and most important step ... Read More
Whether you are looking for skilled workers for your business or are looking for... Read More
In essence, a manager oversees a company’s resources, like employees and a... Read More
Employee absenteeism can be a major problem in any business. Unscheduled absence... Read More
Whether you are looking to hire a software developer or just need some help with... Read More
There are different ways to make money in the crypto market. Lending could be a ... Read More
Security concerns sprout daily. It is best if your identity is guaranteed. Even ... Read More
The importance of being close to the office is a thing of the past. Thanks to th... Read More
There are many things you to need to check on to choose the correct recruiter ag... Read More
First, let us figure out what a cryptocurrency exchange is. It is a pl... Read More
Which 2022 Games are Worth Playing? As there have been numerous releases over... Read More
When you think about it, slips and falls are probably the most common type of pe... Read More
Since the introduction of MiFID II, the second European markets market for finan... Read More
Many Americans have strict boundaries between their income and expenses. The maj... Read More
What is Cryptocurrency? Cryptocurrency is a digital or virtual currency that ... Read More
Entrepreneurs turn different concepts and ideas into a running business. They ut... Read More
There are many entrepreneurs worldwide thriving on solving different business pr... Read More
If you want to increase your profit while reducing your expenses, try any good b... Read More
Google always updates its ad platform on a regular basis, with most of them bein... Read More
The real estate business in America is more than a hundred years old, and it is ... Read More
In this article, I will try to give a certain algorithm of actions for those who... Read More
Money is surely wanted by all but there are only a few who know how to keep it s... Read More
Surveys have repeatedly shown that employee churn is a significant problem for b... Read More
2020 had many unpleasant surprises- the virus and the following lockdowns. The w... Read More
First of all analyze yourself: Expert in Management understudies at IE Busine... Read More
Once you are done with your college, the only thing on your mind is getting a jo... Read More
Where to invest money? This issue is relevant not only in 2021, but at all times... Read More
Today, a bulk of marketing for products and services by various businesses and b... Read More
A transmission change is that the process of removing an outsized amount or perc... Read More
E-commerce has, without a doubt, shifted the norms of shopping. You can virtuall... Read More
Niche edit backlinks and curated links are exchangeable and similar terms. They ... Read More
Your efforts to see your company grow goes in tandem with encouraging better pro... Read More
Micro, Small & Medium Enterprises, MSME full form, formulate one of the sign... Read More
The Abu Dhabi government is going to put the Dubai Estate market into overdrive.... Read More
For the private and public vehicle driver there is necessary to have the insuran... Read More
Lighting is something that plays an essential role in setting up and making your... Read More
Car rent service is defined as the agency which rents the automobiles usually fo... Read More
If you are organizing an event and for making your event more successful and att... Read More
Customer relationship management has become one of the significant consulting bu... Read More
Catering is a booming business and finding a successful Kolkata best caterer can... Read More
A stock exchange is an exchange (or bourse) where stock dealers and brokers can ... Read More
Advisory is being issued by State Bank of India (SBI) in which they have advised... Read More
First Silk Processing Plant is being set up by Khadi and Village Industries Comm... Read More
Debut to Subclass 887 Skilled Regional Visa Australia All might have certain... Read More
In this modern world, it has become difficult for businesses to establish a stro... Read More
Any business should not stop after they have achieved success in their local ter... Read More
Contract Renewal is one of the most common business transaction. It is, in essen... Read More
Even the most veteran of businessmen admits that they do not know everything abo... Read More
People usually send different types of cards as gifts to beloved persons on vari... Read More
What is a condo if it isn’t a sort of condominium with enough room to give... Read More
Yes! It is true that internal audit plays a pivotal role in boosting your busine... Read More
Whenever you organize an event, it seems there are no ground rules. But there ar... Read More
The packaging industry has been operating for a long time. The advent of modern-... Read More
Pollution has been increasing day by day. Earlier people used to love to go to p... Read More
We have been witnessing an era of economic transformation globally, which has sh... Read More
There has been a lot of debate regarding the pros and cons of outsourcing any ke... Read More
We, at Emailnphonelist, are aware of how exhausting it's... Read More