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Company Formation Singapore



Singapore Launches New Initiative for the Restaurant Industry

Written by: Bridgewest

Singapore is known as one of the most spectacular tourism destinations in Southeast Asia and among the attractions it offers is a great number of top restaurants. Moreover, in the last few years, more and more restaurant businesses were registered with the Singapore authorities which is why the Design Business Chamber Singapore (DBCS) has initiated a new project to help these companies. Our Singapore company formation consultants can help foreign investors who want to open a company in Singapore in the restaurant businesses.

Singapore restaurants to be helped through innovation

In order to help restaurant businesses in Singapore, the DBCS has signed a Memorandum of Understanding with several agencies among which the Business Federation and the Restaurant Association of Singapore through which restaurant owners will benefit from innovative solutions in order to transform their businesses.

The DBCS will host workshops through which those involved in managing restaurants will be able to find new collaborators and resources they will be able to use in order to improve the experiences of their customers and attract new clients.

Another innovation will be a matching platform through which business owners will meet each other and specialists who will help them improve the design of their restaurants. The DBCS mentions that all the consultants are certified by the DesignSingapore Council.

Our company registration agents in Singapore can advise on the requirements related to starting a restaurant business.

The DBCS will use an industry map to transform the restaurant sector

The initiative of the DBCS is based on the new industry map transformation program launched by the government in 2017 and which proved very helpful for Singapore companies in all industries. The main goal of the memorandum to help the community of business owners and that of specialists in design and innovation meet on a common platform which will help the former develop their companies in the next 3 years.

Also, most of the businesses benefitting from the MoU are categorized as small and medium-sized enterprises which is why the initiative is expected to be a successful one.

If you want to open a company in Singapore in the food and beverages industry, please contact our local agents.


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