The wellness industry in Singapore
As the number of tourists visiting Singapore rises on a yearly basis, the wellness industry has become one of the most sought by foreign investors. Among its branches, the spa industry is currently one of the most successful, being evaluated at 140 million SGD on an annual basis. According to statistics, there is a large number of spas running in Singapore at the moment and the market has not reached saturation yet.
If you are interested in setting up a spa in Singapore, our specialists in Singapore in company formation matters can assist you.
Licensing requirements for opening a company in Singapore as a spa
The first step to open a spa in Singapore is to go through the company registration procedure and our experts can help you with the preparation of the documentation required. One of the most important stages of establishing a spa in Singapore is the licensing one. Spas require special permits and also imply a certain structure for the premises used to carry out the activities. There are two types of permits one can apply for under the Massage Establishment Act: a Category 1 and Category 2 license. While the Category 1 permit allows a spa to operate within residential areas, such as neighborhoods, hotels or commercial centers, the Category 2 license is destined to spas operating in non-residential areas.
Any individual applying for a massage establishment license must:
- – be at least 21 years old;
- – have a clean criminal record;
- – have a Singapore employment visa.
The massage establishment license is granted for the following types of activities:
- – massage;
- – manicure;
- – spa baths;
- – foot-reflexology services.
The company applying for a license to operate a wellness center in Singapore is subject to all of the following conditions:
- – it must have a minimum capital of 550,000 SGD which will be employed for investment purposes;
- – have a CaseTrust Accreditation for Spa and Wellness;
- – provide uniforms for all the staff;
- – the premises must have at least 100 square meters.
Our company formation team in Singapore has avast experience in obtaining special permits and licenses for numerous types of businesses and can help investors obtain a licenses for wellness centers. They can also help investors open a company in Singapore as fast as possible.
With respect to the employees, at least 80% of them must have one of the following accreditations:
- – CIDESCO Beauty certification;
- – CIBTAC Beauty Therapy Services certification;
- – CIBTAC Spa Therapy certification;
- – ITEC Beauty Specialist certification;
- – ITC Holistic Massage certification.
Our consultants in company incorporation in Singapore can provide you with more information about the accreditations one needs to obtain in order to set up a spa.