With effect from 31 March 2017, companies, foreign companies and LLPs (unless exempted) registered in Singapore are required to maintain beneficial ownership information in the form of a register of registrable controllers (RRC), and to make the information available to public agencies upon request.
Although most businesses to be carried out in Singapore do not require licenses or permits other than the registration of a company or a firm with ACRA, there are a handful that do as they are regulated by the approving authorities. Some of these are private schools, travel agencies, liquor distributors, moneylenders, banks, childcare centres, importers/exporters, wholesalers and retailers of liquors.
Printing or publishing a newspaper in Singapore. Newspaper in this case refers to any form of publication that contain news, report of any occurrences, intelligence or any observations or commentaries in relation to such news, intelligence or reports of occurrences (or just any other matter of public interest), which is printed in any language and is published for either sale, or for free distribution, at regular intervals or otherwise.
Before you can import/export any goods in and out of the country, you will need to first activate your account with Singapore Customs. Your account will be activated within 1-2 business days after you submit your application. You will then be issued an approval letter from Customs, valid for as long as your company exists.
The NEA (National Environment Agency) issues the Trade Fair Permit which you will need if you want to organize a trade fair. Be aware that only Town Councils, grassroots organizations and educational, religious, social, charitable and civic institutions are allowed to hold fairs. If the trade fair is to be held in public areas, you must have obtained the approval from all the relevant authorities/agencies
Singapore has strict regulations when both importing and exporting goods. Products imported into the city-state are divided into several categories, depending on their provenience and are subject to different rules. However, no matter the type of product a Singapore company imports, an import permit is required for each of them. As any other country, Singapore has also established a special regime for certain products upon import.
The Singapore Global Trader Programme was launched in June 2001 by International Enterprise Singapore. IE Singapore is an agency under Singapore’s Ministry of Trade and Industry; its mission is to oversee and promote the growth of Singapore-based enterprises overseas, as well as improve and encourage international trade by promoting Singapore as a viable global base for foreign business
A ‘Sole Proprietorship’ may be described as a business that is carried on by an individual on his or her own without the use of a separate and distinct business form.The sole proprietorship is the simplest form of business organisation. The law does not regard the sole proprietorship business as a different entity from its proprietor (or owner).
When a foreign company sets up a place of business or commences its business in Singapore, it must register with ACRA as a branch in Singapore. Immediately after registration, the Accounting and Corporate Regulatory Authority (“ACRA”) must be kept informed of certain changes in the affairs of the parent company, the Singapore branch and the local agents.
When a foreign company sets up a place of business or commences its business in Singapore, it must register with ACRA as a branch in Singapore. Immediately after registration, the Accounting and Corporate Regulatory Authority ("ACRA" must be kept informed of certain changes in the affairs of the parent company, the Singapore branch and the local agents. A list of such changes is appended hereunder for your reference.