The business license is a permit released by the Singapore government agency that enables companies to conduct the business operations they register for with the Companies Registrar. Most business activities in Singapore dot not require licenses or permits in order to be carried out, the only step required being the company registration process with ACRA (Accounting and Corporate Regulatory Authority). However, certain business activities require certain special licenses or permits before commencing operating.
We invite you to watch our concise video about the process of obtaining business permits or licenses in Singapore:
Among the business activities that require obtaining a special permit or license in Singapore are private schools, bars and restaurants, import and export companies, retailers selling alcoholic beverages, travel agencies, childcare facilities, banks and financial institutions and wholesalers. Singapore companies conducting these types of activities must submit their application for the special license when it registers with ACRA. The time span for obtaining the special permit may vary between 2 weeks and 2 months.
Professionals, such as lawyers, doctors, pilots and accountants are required to obtain special permits, also known as occupational licenses to practice.
As mentioned above, there are certain types of businesses that require special permits before starting operating in Singapore:
Other industry-specific special permits that must be obtained with the relevant authorities refer to real estate agencies and publishing companies.
Our company incorporation representatives in Singapore will help clients in obtaining all relevant special permits according to the services carried out. You can also contact us for the company registration process of your business in Singapore.