Singapore has become a very popular tourism destination in the last 3 years, which has triggered the expansion of various industries connected to it. Among the branches of tourism registering the highest increases in 2016 and 2017 there is also the hotel-restaurant-café sector, which is known all over the world as HORECA.
Foreign enterprisers who want to start a business in the HORECA sector in Singapore must comply with several laws and requirements imposed by various institutions. Our Singapore company formation advisors can assist enterprisers who want to set up HORECA businesses in the city-state.
Setting up a HORECA company in Singapore implies choosing a structure and registering it with the Trade Register. The most employed business form for this type of venture is the limited liability company and even if the law does not impose a minimum share capital, the future business owner must approximate the correct amount needed to start a business in the HORECA industry. Tax and GST registration are also mandatory.
Investors must also consider the special requirements related to the employees of such companies who must have certain qualifications.
Our company registration agents in Singapore can assist with the incorporation of the HORECA company.
Once the company registration process is completed, the Singapore HORECA business must obtain various licenses. Among these are:
Restaurants are also subject to other requirements, among which a food safety management plan, a specific cleaning plan and also appoint a hygiene officer.
Once established, the HORECA business will also undergo certain inspections with the National Environment Authority and the Agri-Food and Veterinary Authority.
Opening a HORECA company is subject to many requirements and if you need assistance with the registration of the chosen business form, please feel free to contact our Singapore company formation specialists.