Why Need To Apply For Business License?
Before you going to setup new business in Singapore, you need to identify that your
business needs a specific license or permit from government to operate in the country or not? If yes, you need to apply for the business license first. It is mandatory to get the occupation license in Singapore that should be followed by the rules of Accounting and Corporate Regularity Authority (ACRA) in Singapore. You need to fill the Business License Application form correctly by providing all relevant details of business and type of license you are applying for. You may also apply for temporary license to run business till permanent license of business gets ready or is in under process.
There are different types of business licenses you can apply for such as employment agency license, IDA license, money exchange license, food install license, and many more. There should be a local director of the company, who should be a Singaporean or PR having awareness of all ACRA rules for applying licenses of the businesses in the country.
You may also take help of local key executive or director, who can be a citizen of Singapore or have valid employment pass or a permanent resident (PR) in the country. The local person can also apply for the business license and can fulfill the process of filling business application form and submitting all details of business to the government for verification.
Apart from that, there are many businesses, which do not require any license or permit, but still they have to follow the legal norms of ACRA to run their trades smoothly in Singapore. Those businesses can be travel agencies, private schools, employment firms, childcare centres, banks, money lenders, food businesses, and so on. These businesses may not require specific licenses to operate in the country, but need government approval or registration number to operate in the market.
We at, Singapore Incorporation Services are engaged in catering world-class and fully authorized business license application services that will be governed by the rules of ACRA in the country. We have a team of skilled legal advisors and executives, who will manage your business license requirement smoothly and will complete the process within the shortest time-frame too.
We specialize in the following Business License Application Services:
- AVA License Application
- NEA License Application
- Travel Agency License Application
- Liquor License Application
- Tobacco License Application
- Employment Agency License Application
- Activation of custom account
- Hotel-Keeper’s License Application
- Massage Establishment License Application
- Medical Clinic License Application
- Capital Markets Services License Application
- Financial Advisers License Application
- Arts Entertainment License Application
- Public Entertainment License Application
- Animal Exhibition License Application
- Printing Press License Application
- Other Business License Application