Singapore is globally recognised as a premier hub for entrepreneurship, consistently ranking among the easiest places to do business. However, “easy” does not mean “unregulated.” While the ACRA registration process is the first step for any entrepreneur, many industries require specific permits before they can legally begin operations.
Navigating the regulatory landscape can be daunting for new business owners. To ensure your venture stays compliant, Hallmark Corporate Services has compiled this essential guide to the most common industry-specific licenses in Singapore for 2026.
1. The Foundation: ACRA and GoBusiness Singapore
Before applying for any license, you must register your business entity with the Accounting and Corporate Regulatory Authority (ACRA). Once incorporated, most license applications are centralized through the GoBusiness Singapore portal. This digital-first approach has streamlined the process, but the requirements for each sector remain rigorous.
2. Food & Beverage (F&B) Industry
The F&B sector is one of the most regulated industries due to public health standards. If you are opening a restaurant, cafe, or even a cloud kitchen, your primary regulator is the Singapore Food Agency (SFA).
- Food Shop License: Mandatory for any fixed premises where food is sold.
- Liquor License: Required if you intend to serve alcohol, issued by the Singapore Police Force.
- Halal Certification: While optional, it is highly recommended for businesses targeting the Muslim market, issued by MUIS.
- Public Entertainment License: Necessary if your establishment features live music or screenings.
3. Financial Services and Fintech
Singapore’s status as a global financial hub means that the Monetary Authority of Singapore (MAS) maintains strict oversight.
- Capital Markets Services (CMS) License: Required for fund management, REIT management, and dealing in securities.
- Payment Services Act (PSA) License: If your business involves digital payment tokens (crypto), e-money issuance, or money transfers, you must apply for either a Standard Payment Institution or a Major Payment Institution license.
- Financial Adviser’s License: Essential for firms providing advice on investment products.
4. Employment and Recruitment Agencies
If your business involves placing job seekers with employers—whether locally or overseas—you must obtain an Employment Agency (EA) License from the Ministry of Manpower (MOM).
Key requirements include:
- A security bond (usually S$20,000 to S$60,000).
- Certification of Employment Intermediaries (CEI) for all key appointment holders.
- Stringent background checks to ensure “fit and proper” status.
5. Construction and Real Estate
The built environment sector is governed by the Building and Construction Authority (BCA) and the Council for Estate Agencies (CEA).
- Builders License: Necessary for any company undertaking construction works.
- Telecommunication Wiring Contractor’s License: Issued by IMDA for specialized electrical and wiring work.
- Estate Agent License: Required for firms providing real estate agency work in Singapore.
6. Retail and Specialized Goods
While a general “Retail License” doesn’t exist, businesses selling specific goods must seek approval from relevant boards:
- Tobacco Retail License: Issued by the Health Sciences Authority (HSA).
- Pharmacy License: Also governed by the HSA for businesses retailing medicinal products.
- Telecommunication Dealer’s License: Required for those selling mobile phones or wireless equipment.
7. Professional Services and Education
- Private Education Institution (PEI) Registration: Required for private schools and enrichment centers, overseen by the Committee for Private Education (CPE).
- Massage Establishment License: Necessary for spas and wellness centers, regulated by the Police Licensing & Regulatory Department.
Why Compliance Matters
Operating without the correct license can lead to heavy fines, immediate closure, or even imprisonment. Furthermore, maintaining valid licenses is a prerequisite for opening a corporate bank account and applying for government grants like the Productivity Solutions Grant (PSG).
At Hallmark Corporate Services, we specialize in simplifying the complexities of setting up a business in Singapore. From your initial ACRA registration to securing complex industry permits, our team ensures your compliance so you can focus on growth.
Are you ready to launch your business with confidence? CONTACT US