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Obtaining Special Permits and Licenses in SingaporeA presentation brought to you by Lawyers-Singapore.com

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Starting a Business in SingaporeSingaporeis one of the most suitable destinations for foreign businessmen that want toestablish a companyin Asia.

Thanks to its low corporate tax rates, legislation favoring foreign investments and educated and well-trained workforce, Singapore can ensure the success of any company.

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Business Licensing in SingaporeThebusiness licenseis apermit released by the Singapore government agency that enables companies to conduct the business operations they register for with the Companies Registrar.

Only certain business activities requirespecial licenses or permitsbefore commencing operating.

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Special Permits and Licenses in SingaporeMost investors are not required toobtain licenses or permits whenregistering a company in Singapore.

Among the businesses required to apply for special licenses are private schools and childcare centers, restaurants serving liquor, retailers, financial institutions andimport and export companies in Singapore.

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Types of Special Permits in Singapore >>The firsttype of special licenses issued for Singapore companiesare the business activity licenses and permits.

These licenses are usually required if the company wants to carry out certain activities that do not appear in theSingapore business bylaws.

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>> Types of Special Permits in SingaporeCertain types of special licenses are required for companies in Singapore undertaking activities such as:

renovation;place advertising billboards on the business premises;hire foreign employees;import or export products;selling controlled goods.For a detailed list of controlled goods you mayrefer toourlaw firm in Singapore.6

Retail Licenses in Singapore >>One of the most thrivingindustries in Singaporeis retail.

However, when setting up a business in the retail sector, foreign entrepreneurs will be required toapply for several special licenses.

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>> Retail Licenses in SingaporeAmong the special licenses required for retail companies are:

tobacco retail license;liquor license;telecommunication dealers license;pet shop license,wholesale dealers license,proprietary medicines license,cosmetics products notification.

Our Singapore lawyers can assist you in setting up a retail company.8

The Compulsory License in SingaporeAnother type of business license is thecompulsory license.

Among these are schools andfinancial institutions in Singapore.

These types of business must apply for the appropriate special license when the company is registered.

They are usually issued within 14 days to 2 months.

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The Occupational License in SingaporeForeign citizens supplyingprofessional services in Singaporeare also required to apply foroccupational licenses.

The categories requiring anoccupational licenseare: doctors, accountants, pilots andSingapore lawyers.

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Assistance in Opening a Company in SingaporeIf you want toset up a companyand need advice on the right type of company to register pleasecontactourlaw firm in Singapore.

OurSingapore lawyerscan also guide you if you want to apply for certain special licenses or permits.

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Thank you for your attention!

For more information, please contact us at:

+ 852 8191 3385office@lawyers-singapore.com

www.lawyers-singapore.com

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