E-commerce is one of the fastest growing markets in the world helping business owners to attract more customers, increase sales and also offers them worldwide exposure. However, before starting an e-commerce company, there are several steps to be completed in order to ensure the business’ success. Like with all other types of companies Singapore has adapted its legislation in order to welcome investors setting up online businesses in the city-state. Before starting operating, the company should be registered with the Trade Register in Singapore.
Our company formation representatives in Singapore will guide you through the company registration procedure.
All online services in Singapore fall under the supervision of the Singapore Broadcasting Authority. All internet service providers and internet content providers are required to obtain the necessary licenses before starting operating in Singapore. Also, all e-commerce companies in Singapore are required to abide by the Internet Code of Practice. Depending on the type of products a Singapore e-commerce company intends to sell, there are several regulations providers of online services must respect:
Once the company is registered with the Singapore Trade Register, the founder must set up the appropriate structure of the online platform. In order to do so, the following steps must be followed:
Once these steps are completed, the online company must also ensure all other storage facilities for the goods to be sold, the staff, the IT systems and delivery services.
You can contact our Singapore company formation agents for details about licensing requirements for e-commerce companies.