Real estate is one of the most important and attractive industries in Singapore, as many foreign investors have seen the huge development potential of this sector. The large number of foreigners relocating here for business or employment purposes has determined the opening of construction companies in Singapore.
One of the most important requirements for setting up a construction company is to obtain a Singapore builder license. This special permit is issued in accordance with the Building Control Law on the Licensing of Builders which was last amended in 2007. Our company formation consultants in Singapore can offer information on the legislation governing builder licenses.
The builder license is required for carrying out construction projects for both public and private housing. Also, the law established two types of builder’s licenses in Singapore:
The general builder license is subdivided into:
The specialist builder license is for Singapore companies or private contractors who can complete the following types of construction works:
Our Singapore company formation specialists can help with the registration of a construction company.
The applications for builder licenses must be filed with the Building and Construction Authority (BCA) in Singapore and imply filing the forms issued by the authorities together with:
Also, Singapore companies applying for a builder license must comply with the following minimum share capital requirements:
For full information on how to obtain a builder license, please contact our Singapore company formation advisors.