Nowadays, as millennial and Generation Z consumers have come into adulthood, they have embraced the pet-owning and pet-loving lifestyles to a far greater extent than their elders. The pet industry has been experiencing explosive growth recently. In this case, one may grab the business opportunity by setting up his or her own pet shop in Singapore.
The Early Childhood Development Agency (“ECDA”) serves as the regulatory and developmental authority for all ECDCs in Singapore which provide care and /or education to children below 7 years old. ECDA was established on 1 April 2013 to oversee key aspects of children’s development below 7 years old, across both kindergartens and child care centres.
The monthly rental fee includes base rent and service charges calculated per square feet of floor area and 7% of GST (Goods and Service Tax) if the landlord is GST-registered. In overall, Singapore office base rent rates and service charges averaging from S$4.50/sqft to S$10.00/sqft and S$0.70/sqft – S$1.20/sqft respectively depending on the locations and buildings.
All Chinese Proprietary Medicines (CPM) i.e. products in the finished dosage forms (e.g. tablet, capsule, liquid) are regulated by the Health Sciences Authority (HSA) and must comply with a set of safety and quality criteria before they are allowed to be sold in Singapore. In addition, CPM dealers (importers, wholesale dealers and manufacturers) are also required to be licensed by HSA.
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.