How to Get a Business License in Singapore?

Business licensing in Singapore is crucial for firms operating in regulated industries like food, education, and financial services. With expert help from One IBC Singapore, entrepreneurs can obtain their licenses efficiently and with full compliance and ensure that they completely fulfill government requirements.

Key Steps to Obtain a Business License

• Register the Business: Each company must first register with the Accounting and Corporate Regulatory Authority (ACRA) to receive a business registration number.
• Identify the Required Licenses: Every sector has its license authority. The Singapore Food Agency (SFA) license is needed for food establishments, while the Ministry of Education (MOE) registration is mandatory for educational institutions.
• Apply Online: The GoBusiness Licensing system enables businesses to apply for licenses, upload documents, and check the progress of their applications.
• Fulfill Additional Requirements: Certain sectors may require inspections, certifications, or qualified personnel before final approval.

Securing a business license in Singapore involves registering the company, determining the respective licenses, and making an application through an online process. One IBC Singapore helps firms through this process so that they can start functioning in the highly favorable market in Asia.