Business Licenses Singapore: Step-by-Step Guide to Obtaining Yours
If you’re confused about how to get a business licenses Singapore, you’re not alone. The rules can be overwhelming, especially if it’s your first time setting up a company. While Singapore is known for being one of the most business-friendly countries in the world, it still takes compliance seriously.
Don’t worry this step-by-step guide is here to help. Let’s make your business idea official!
What Business Licenses Singapore and Why Do You Need One?
A Singapore business license is an official permit issued by the relevant government body that gives you legal approval to run specific types of business. For example, if you’re planning to start a food business, you will need a license from the Singapore Food Agency (SFA). Even home-based businesses or online shops may have to meet certain regulatory checks, depending on what you offer.
These licenses are designed to ensure public safety, quality assurance, and alignment with Singapore’s strict regulatory standards. Without it, you risk delays, fines, or even forced closure.
Before you can apply for any required permits, you must register your company or business to Singapore’s Accounting and Corporate Regulatory Authority (ACRA). Once that is done, you will receive a certificate of incorporation or your official green light to begin applying for the business lincenses Singapore requires, depending on your industry.
What Types of Business Licenses are Required in Singapore?
Depending on your industry, certain business licenses Singapore are mandatory before you can operate. Don’t worry, we will simply break it down for you:
1. Compulsory Licenses
These are non-negotiable for certain industries. You will need to secure this license before starting operation. Here is the category:
- Retail Businesses – If you’re selling specific products like medication or liquor, you will need a Retail Pharmacy License (HSA) or Liquor License from the Singapore Police Force.
- Trading, Import, and Export – Engaged in cross-border goods movement or manufacturing? You will need registration and permits from Singapore Customs.
- Construction Sector – To legally operate and hire workers, you must register with the Ministry of Manpower (MOM) and obtain relevant work permits.
- Shipping Companies – You need a Harbour Craft License, if you’re operating in this industry.
- Employment and Travel Agencies – Both industries must have respective agency licenses to lawfully recruit staff or arrange travel services.
- Real Estate Firms – To act as a legal property agent, you need a license from the Council for Estate Agencies (CEA).
- Financial Services Providers – Businesses in fund management or financial advisory must be licensed by the Monetary Authority of Singapore (MAS).
- Food and Beverage Outlets – From hawker stalls to fine dining, a Food Shop License (NEA) is essential, along with Liquor Licenses or Halal Certification if applicable.
- Healtcare Clinics – Medical practitioners must secure proper clinic licensing before offering services.
2. Occupational Licenses
If you’re a skilled professional in specialized services like doctor, lawyer, or accountant, you will need an occupational license from the relevant governing body. These licenses confirm that your qualifications meet industry standards and allow you to practice legally and ethically in Singapore.
3. Activity-Based Licenses and Permits
There are other specific business activities that require additional approval. These include:
- Import/export permits via TradeNet
- GST registration if your turnover exceeds the taxable threshold
- Halal certification for serving halal-compliant food
- Telecom, publishing, or courier service licenses, depending on your service offerings.
How to Identify Your Required Business Licenses in Singapore
To identify which business licenses Singapore requires for your business, you can use the GoBusiness Licensing Portal. It is a digital platform created by the Singapore government to simplify the licensing process for entrepreneurs like you. This website will recommend the specific licenses you need to secure.
Just follow these simple steps:
- Go to the GoBusiness Licensing Portal.
- Once you’re on the site, look for the ‘About Business Licenses’ section.
- Scroll down and click on ‘Apply for New License.’ The portal then recommends the specific business licenses Singapore requires for your operations.
If you have already applied for licenses, you can log in to the to the GoBusiness Dashboard to:
- View your approved licenses under the “My Licences” section.
- Download or print your licenses once approved.
- Track your application status including drafts, rejections, or pending submissions
How to Apply for a Business License in SIngapore
Follow these steps to apply for Singapore business license:
1. Register Your Business with ACRA
You must first register your company with ACRA and receive a Unique Entity Number (UEN), only then you can begin applying for any specific licenses based on your business type and sector.
2. Check If Your Business Needs a License
Not all businesses need a license. Use the GoBusiness Licensing Portal to find out whether your business activities require a license.
3. Collect Your Documents
To make the process smooth, prepare the required documents ahead of time. These usually include:
- ACRA business registration info.
- Identification of shareholders/directors.
- Proof of business premises (e.g., tenancy agreement).
- Any additional documents specific to your industry.
4. Submit Your Application and Pay the Fee
You can apply for most business licenses Singapore requires either through the GoBusiness Portal or directly via the relevant authority’s website. Some licenses might include extra steps like site inspections or interviews. Afterwards, be sure to promptly make payment. Fees will vary depending on the license type and industry.
5. Follow Up and Submit Any Extra Requirements
After submission, you might receive a conditional or in-principle approval. Don’t worry, just follow the instructions provided carefully.
6. Receive Your Business License
Once everything’s in order, your license will be issued! You can either download it from the portal or collect a physical copy, depending on the agency.
Tips for a Smooth Licensing Process
With the right steps and a little preparation, you can make things much smoother. Here are the tips:
1. Begin with the Basics
Use the GoBusiness Licensing Portal early. It helps you figure out exactly which licenses your business needs, saving you from missing anything or applying for the wrong one. Understand that every industry has its own rules. If you’re in food, healthcare, finance, or construction, expect more steps like inspections or certifications. Knowing what to expect helps you prepare better.
2. Get Your Documents Ready
Prepare your company registration info, director or shareholder details, tenancy agreements, and any required qualifications or approvals. Having it all ready avoids delays when agencies ask for more. This helps a lot since incomplete forms or missing documents often cause frustrating back-and-forth with authorities. Taking your time upfront saves time later.
3. Keep Track and Follow Up
Once you apply, don’t just wait and wonder. Use the GoBusiness Dashboard to track your status. If agencies ask for clarifications, reply quickly.
4. Be Patient and Plan Ahead
Depending on your business type, approvals might take a few weeks or even a few months. Factor this into your launch timeline so you’re not caught off guard. Rushing rarely helps.
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FAQ
1. Do all businesses in Singapore need a license?
Not all businesses in Singapore need a license. Most businesses only need to register with ACRA to operate legally.
2. Can I apply for a business license online?
Yes, you can apply for a business license online in Singapore through GoBusiness Licensing Portal.
3. How much does it cost to get a license?
The exact cost depends on your business type, licenses required, and whether you use professional services. It’s best to check the specific license fees on the GoBusiness Licensing Portal or relevant agency websites for your industry.
4. How long does approval take?
The processing time ranges from a day to up to 2 months, depending on the license type, completeness of the application, and any required inspections or referrals.
5. What happens if I operate without a license?
Running a business without the necessary licenses in Singapore will expose you to heavy fines, legal action, and operational shutdowns.