To register a company in Singapore, you need to have: company name, registered capital, company directors, company shareholders, registered address, legal secretary and other conditions. If you want to start other businesses in Singapore, such as opening a restaurant, travel agency, Chinese medicine store, private school, what licenses and qualifications do you need?
1. Restaurant
To open a restaurant in Singapore, you need to apply for a business license, and then, you need to distinguish whether you are applying for a "big license" or a "small license".
The license applied for by a restaurant with an independent store is called a large license, while the license required to operate a stall is called a small license, which includes two types:
A food stall licence is required to operate a food stall
*(e.g. HDB JTC NEA) hawker stall licence is required for the operation of stalls in material centres or markets.
1. Large license
For applicants for independent restaurant licenses and small stall licenses, if you are taking over an existing restaurant or stall, it is important to ensure that the previous license owner cancels his license, otherwise the entire application will be delayed.
2. Small license
For hawker stall licence applicants, applicants are required to bid for the stalls provided by **, and the NEA will issue the permit after the tender is successful.
Diagram ** on the Pexels network
Second, ** company
To set up a ** company in Singapore, you must apply for the relevant license from the Monetary Authority of Singapore MAS to become:
Licensed FMC (LFMC), or: Registered FMC (RFMC) who meet the conditions for exemption from holding a license and register with MAS.
**Management Company License Classification:
1. Retail LFMC, a public offering licensed** management company
Minimum benchmark capital of S$50-1,000,000;Employ at least 3 full-time local staff with at least five years of work experience;At least 10 years of relevant experience as a CEO;A dedicated local compliance function must be established.
2. Qualified Investor Licensed** Management Company LFMC
Minimum benchmark capital of S$250,000;Employ at least two Singaporean employees;Assets under management of more than S$1 billion require a separate compliance function in Hong Kong.
3. VCFM, a venture capital licensed management company
There is no minimum benchmark capital requirement.
4. Registered ** management company RFMC (to be abolished).
Minimum ** capital of S$250,000;Assets under management cannot exceed 2S$500 million. However, the RFMC will be abolished by the HKMA.
Diagram ** on the Pexels network
3. Travel agencies
Before starting a travel agency in Singapore, a company must be registered with the Companies Registration Authority of Singapore ("ACRA"), which requires a travel agent license to operate a travel agency. A travel agency licence will be issued by the Singapore Tourism Board ("STB") and a company must meet certain obligations and requirements before submitting an application for a licence to STB for approval.
1. STB currently offers the following two types of travel agency licenses
a. Special license
Travel agents who intend to organise or advertise tours in Singapore** but do not have any accommodation rights (e.g. group tours) may apply for a special licence. The minimum capital requirement for a special license is low, at only SGD 50,000.
b. General license
Travel agents who operate any other activities beyond the scope of the special licence should apply for a general licence. The minimum capital requirement for a general license is SGD 100,000.
2. Conditions for applying for a travel agency's license
The following conditions should be met before submitting an application for a Singapore travel agent license to STB:
a. Register a company
The first step is to register a Singapore company with ACRA in order to start a travel agency business. At the time of registration, companies must select a specific Singapore Standard Industry Classification Code ("SSIC"), i.e. Travel** and Tour Operator (Principal Overseas) (79101)) or Travel** and Tour Operator (Principal Offshore) (79102) or Ticketing** (Including Airlines, Coaches and Cruise Ships) (79103).
b. Paid-in capital
The company must have a minimum paid-up capital of SGD 50,000 (special license) or 100,000 yuan (general license) and a net value of the same amount.
c. Main administrative staff
The company must appoint a suitable person to act as the principal executive to be responsible for the day-to-day management and operation of the travel agency. The executive is recommended to be a company director registered with ACRA and have management experience in the tourism business. The Principal Executive must be a Singapore Citizen, Permanent Resident, Employment Pass or Entrepreneur Pass holder.
d. E-mail address
Companies must set up an email address dedicated to running a travel agency business.
e. Management personnel
The directors, executives and officers of the company must be of good character and reputation. Companies may be required to provide supporting evidence to support the request.
f. Office and signboard
The company must set up an office dedicated to the operation of the travel agency (e.g. home office plan, business office). If you do not have an office, you can apply for a license first and then obtain pre-approval from STB, but you must submit the information and documents of the office within 3 months after obtaining pre-approval.
Self-employed free travel**, whether operating in an HDB flat or private residence, must obtain approval from the Post-HDB or Urban Redevelopment Authority of Singapore ("URA") before the STB can be licensed. In addition, the company must also erect a conspicuous signboard that clearly communicates the nature of its business and contains a registered name and a trademark or logo.
Diagram ** on the Pexels network
Fourth, the traditional Chinese medicine business
Singapore has good TCM regulations to regulate the quality of TCM in Singapore. The Chinese Medicine Practitioners Act, passed in Parliament in 2000, requires all TCM practitioners to register with the TCM Board, including acupuncturists and TCM physicians. All TCM practitioners must hold a valid practising certificate. Starting from December 2005, Chinese herbal medicine dispensers who have graduated from the Chinese Herbal Medicine Training Course (Intermediate Module) are eligible to join the Chinese Medicine Practitioners Committee on a voluntary basis.
All TCMs (i.e. finished dosage form products such as tablets, capsules, liquids) are regulated by the Health Sciences Authority (HSA) of Singapore and must meet a set of safety and quality standards before they can be approved for sale in Singapore. In addition, TCM distributors (importers, wholesalers, and manufacturers) also need to obtain approval from the HSA before they can operate.
Singapore allows individuals with a medical license to open a clinic. Before opening a clinic in Singapore, a company must be registered with the Singapore Registrar of Companies (ACRA).
1. The type of practice of TCM practitioners
Applicants who have completed a recognised basic TCM qualification (including NTU's dual degree programme) in Singapore can apply for registration directly online.
Applicants who are Singapore citizens with a recognised foreign basic TCM qualification can apply for registration directly online.
Singapore permanent residents or foreign applicants who possess a recognised foreign basic TCM qualification and meet the requirements for medical experience may apply for registration online through a local employer if an employer is interested in employing the applicant.
2. There are two types of TCM registration
a. Formal registration
Full registration allows TCM practitioners to practise in their designated TCM field anywhere in Singapore. Applicants are required to sit and pass the Singapore Registered Medical Practitioner Examination (STRE) administered by the TCM Practice Council in Singapore before they can be considered for full registration. The TCM Registered Medical Practitioner Examination is held once a year.
b. Conditional registration
Conditional registration allows TCM practitioners to work in qualified TCM institutions and must be supervised by a TCM practitioner who is already duly registered. After completing 3 years of full-time practice in Singapore, there is only one chance to attempt to sit for Singapore's first Registered Medical Practitioner Examination (STRE) without adverse reports or complaints. Applicants with conditional registration who wish to continue practising will not be approved until the commencement of the Registered Chinese Medicine Practitioner Examination.
Diagram ** on the Pexels network
5. Massage institutions
Before setting up a spa and massage establishment in Singapore, a business must be registered with the Accounting and Corporate Regulatory Authority of Singapore ("ACRA") and a massage establishment license must be applied for with the Licensing and Regulatory Department of the Singapore Police ("PLRD").
1. By license ("me").
If you want to operate a massage service business, you must hold an ME license. Under section 2(1) of the Singapore ME Act, "massage is defined as "the act of rubbing, kneading or manipulating the human body or any part thereof by any person (whether or not using any hand-held device) to relieve muscle tension, stimulate blood malformation, increase flexibility or otherwise for the purpose of doing so".
2. If you provide any of the following services, but do not include any massage services, you do not need to hold an ME license:
Manicure, pedicure, light, electrotherapy, steam**, bath.
3. In addition, institutions that meet the following requirements can also be exempted from applying for licenses:
Establishments that provide a full range of public massage services (i.e., do not use any room, curtains, or any form of divider to block or otherwise "privateize" the service).
Institutions that only offer head or scalp massages;
Establishments that only provide massage services to customers under the age of 12;
An institution that provides massage services by a professional licensed person. (For details, DM account manager).
Diagram ** on the Pexels network
6. Private schools
In Singapore, to create a private school, you need to prepare for the following:
1. Company status
PEI must be a company registered with the Accounting and Corporate Regulatory Authority of Singapore or a society registered with the Registrar of Societies.
2. The name of PEI, its brand name and the name of its school or departmental college
The name of the private educational institution must indicate its educational nature, for example by containing words such as "school" or "college", which is the same as the registered name in the Singapore Companies Act or the Singapore Societies Act. Unless otherwise specified, the words "University", "Singapore" and "Country" may not be used.
3. Premises
The premises of the PEE must be accredited by the relevant authorities (including the CPE). Private educational institutions must seek permission from the Council for Private Education (CPE) before operating and changing their premises.
4. Manager
The manager of a private educational institution needs to be a director of the company, or a member of the management committee or board of directors of the society.
The responsibilities of the administrator include ensuring that course administration records are properly maintained for at least five years;If a private school is about to close, notify all enrolled students at least 30 days before the school closes. and arrange for students to complete a similar course at another registered private educational institution. PE managers are required to provide an annual return report to CPE on an annual basis.
5. Academic Committee
Private educational institutions are required to establish an Academic Committee to develop relevant policies and procedures regarding academic quality and rigor, and to ensure that they are implemented and adhered to within the institution. The Academic Committee of a private education institution must include at least three members who meet the relevant conditions of the Private Education Act in Singapore.
6. Examination Committee
The Board of Private Education is required to establish an examination board to develop and implement a process regarding examinations or assessments for self-developed courses. Externally developed courses should be inspected or evaluated in accordance with the procedures prescribed by the external course developer or owner.
The examination board of the Board of Private Education must contain at least three members who meet the conditions set forth in the Private Education Act. The members of the examination committee can be the same as the members of the academic committee.
7. Training courses
To register as a private educational institution, at least one course must be allowed by the CPE. Courses permitted by CPE can only be offered or delivered in Singapore. Private educational institutions, whether on their own or in association or in collaboration with other persons or educational institutions, must obtain permission from the CPE to offer overseas courses.
8. Teachers
Deployed teachers must have relevant qualifications and experience.
9. Course management
Private educational institutions are required to comply with the CPE's CPE regulations and requirements when teaching CPE-approved courses.
10. In addition, students are required to provide the following written proof:
Read the Advisory Note to Students;
Student Contract. For courses longer than two months, a student contract is required.
a. The student contract must not contain the following:
A provision that allows a private school to unilaterally change any of the terms of an agreement or contract.
Private schools are allowed to charge students who withdraw before the end of their course for the remainder of their course.
b. The student contract must contain the following:
The duration of the course, and whether it will be full-time or part-time;
The start and end dates of the course;Holidays (if any);
All exam dates, major assessments and tasks;
The date on which the final examination results will be published, unless otherwise permitted by the Board of Education (CPE), shall not be released more than three months after the conclusion of the final examination;
Expected date of award of certificate;
The full name of the course developer or owner, and the person, organization, or institution that bestowed the award;
Tuition fees and all expenses;
Fee collection plan, including any late fee payment policy.
Refund Policy. 11. Advertising and Information Disclosure
To enable potential students to make an informed choice, the CPE has developed advertising guidelines in the form of advertisements** and specifies what information must be displayed in private schools. One of the guidelines is to require private schools to use only the word "registered" to describe their relationship with the CPE. Private schools do not allow the use of words "accredited", "certified", "supported", "verified", or other words with similar meanings. The use of the CPE logo in any of its advertisements is also not permitted unless permitted by the Commission. Private schools must ensure that their name, registration number, and period of enrollment are included in all of their advertisements.
Diagram ** on the Pexels network
7. Pharmaceutical companies
The Health Products Act 2007 requires that all medical devices intended for inpatient and clinic patients must be certified by an accredited certification body, registered in the Singapore Medical Device Information and Communication System, and distributed under a "Business License".
Hospitals and clinics should prohibit the use of any medical device that is not certified, registered, and distributed under license in accordance with the law. These requirements are designed to ensure the quality and credibility of the various medical devices throughout the distribution process.
1. Why is CAB certification so important?
If a manufacturer manufactures a medical device with a high risk and the medical device has been evaluated and approved by the following national regulatory authorities, the medical device will be allowed to "omit" product evaluation
U.S. Food and Drug Administration (FDA);
EU Notified Body;
Health Canada;
Australian ** Product Authority (TGA);
Ministry of Health, Labour and Welfare (MHLW).
Medical devices submitted to Singapore for product evaluation under the omitted assessment process must be the same as those approved by the reference regulatory body.
In addition to the distribution requirements for certification, registration and licensing by the Health Sciences Authority, Singapore** and use can be subject to other regulations such as the Private Hospitals and Clinics Act and the Radiation Protection Order. The requirements can vary depending on the type of medical device in question.
2. Singapore GDPMDS certification
A key requirement for companies seeking to import, distribute or sell medical devices in Singapore is to develop and maintain a quality management system that meets the requirements of the Health Sciences Authority's Good Distribution Practices for Medical Devices (GDPR) standard. The Good Distribution Practices for Medical Devices regulations are similar in scope to international quality management system standards such as ISO 13485.
In most cases, IEC 62304 compliance is recertified at the same time as ISO 13485 compliance. ISO 13485 certification by TÜV SÜD can be used as an alternative to the Good Distribution Practices for Medical Devices certification if the scope of the certification covers "storage and distribution".
Chart **Doing business in Singapore on Pexels.com, different businesses require different licenses.