Deciding to set up a company is one thing but the next step is to decide the type of business you are setting up. Certain types of businesses in certain industries are required to obtain a license/permit when you register your business with Accounting and Corporate Regulatory Authority (ACRA).

Depending on the type business you would like to set up in Singapore, it is sometimes necessary to obtain a license and/or permit when you register your business with the Accounting and Corporate Regulatory Authority (ACRA). Most businesses do not require licences or permits to operate but there are handfuls that do as they are regulated by the approving authorities such as those in food businesses, employment agencies, private schools, travel agencies, liquor distributors, moneylenders, banks, childcare centres, etc. It is essential that business owners understand the type of licenses required for the industries related to their business.

Failure to comply with licensing and permit regulations can result in costly fines and jeopardize the future of a business. BNP Consultancy can help you find the right license for your business.

Feel free to contact us if you have any further queries you would like us to assist with.