Category: Business in Singapore

Insightful and dedicated experts in A.1 Business Pte Ltd are always ready and willing to provide assistance to any entrepreneur who’s keen on setting up their business in Singapore. Highly conscientious in their work, our team of professionals will provide a complete and comprehensive guide on the process of company registration in Singapore to interested parties.

    How to set up a publishing business in Singapore?

    How to set up a publishing business in Singapore? Typically, a business owner may want to register a Singapore Private Limited Company to enjoy limited liabilities for the shareholders and company enjoy 3 years of profit tax exemption for first $100,000 dollars of profit.

    Singapore is noted for having one of the highest literacy rates in the world. Thus, people would have a high expectation of the quality of publications and would require a constant need of it. Sturdy protection of Intellectual Property rights, combined with easy business set-up procedure and large pool of human capital makes Singapore the perfect country for setting up a publishing business. Some major industry players that have set up publishing business here include McGraw-Hill Education and Cambridge University Press, while local brands consist of SPH Magazines and World Scientific Publishing.

    A publishing business in Singapore must obtain a Newspaper Permit from the Media Development Authority of Singapore (MDA). The permit must be applied if it involves printing or publication of newspaper in Singapore. Newspaper refers to any publication consisting of news, reports of occurrences, observations, any matter of public interest, printed in any language and issued for sale or free distribution.

    The selling or distribution of offshore newspaper also requires the permit. Offshore newspapers are published outside Singapore weekly which reports on political and current affairs in Southeast Asia. It has a circulation rate of more than 300 copies.

    The owner or the Chief Editor of the publication must submit an application form and supporting documents include:

    1. A mock-up duplicate of the recent issues of the publication if it is a magazine (Current Affairs, Women’s Interest, Fashion, Recreational or Performing Arts, Entertainment and Leisure Tourist Guide, or Lifestyle)
    2. Copy of the Foreign Identification Number (FIN) document and passport if the applicant is a foreigner living in Singapore
    3. Letter of Authorization is obligatory if the applicant is a third-party

    The Newspaper Permit is free of charge for local newspapers. Bank guarantee of S$200,000 would be required for offshore newspapers. The permit lasts for a year and takes about 15 working days for successful requests. It is non-transferable and change of permit holders, name of newspaper, language, nature of contents, or frequency of publication require new submission of the permit. Within 3 months of obtaining the permit, first issue of publication must be published. Following, two copies of every issue to be submitted to the Registrar of Newspapers

    For companies who are printing newspapers and/or magazines in Singapore, a Printing Press Licence is needed from the Registrar of Newspapers.

    Before applying for the license, there are conditions to be met:

    • URA must approve of the location used for printing the media
    • Registration with Singapore Companies Registrar, ACRA

    After which supporting documents are as such:

    • Letter of Authorization is obligatory if the applicant is a third-party
    • Registered company’s address is different from the location of printing usage, documentary proof from Chief Inspector of Factories is needed and subject to approval

    Similar to the Newspaper Permit, it has a validity of one year but takes only 3 days to process the application. No fees are required and it is also non-transferable. Change of owner of license or location of printing would result to new license being applied.

    As for online publishing, a licence is not mandatory. Conversely, content providers on the internet that charges fees for online newspaper would need to register with MDA. Within 14 days of the initiation of the service, the applicant must complete the form and submit to MDA. The person applying would need to be the managing editor, executive editor, or any other person who controls the policy of the online publication.

    There are details that must be provided to the MDA. These details are as follows:

    • The name and address of the publisher
    • Place of business incorporation
    • Website particulars such as title
    • IP address
    • URL
    • Subscription rates
    • Date of commencement
    • Nature of content
    • Language of publication
    • Details of the web publisher
    • Particulars of the web host

    How to Set Up a Travel Agency in Singapore?

    Prior to starting a Travel Agency in Singapore, one must register a company. A Travel Agency is a person or a company that provides services relating to travelling and tour. A Travel Agent is a body which provides travel and tour packages involving different modes of transport.

    Under Section 4 of the Travel Agent’s Act (Cap 334), a travel agent is defined by the services it offers. Some services include:

    1. The purchasing of the requirement needed to get on any transportation for resale, conducting tours within Singapore
    2. The sale of tickets allowing one to travel or organise a right of passage on any form of transportation for an individual. However, the licence is not required if the transportation is owned by the company.
    3. The assistance of an individual to travel by selling or organising transport payment tickets, hotel lodging and foreign visas to destinations outside and within Singapore. Similarly, a licence is not required if the lodging and conveyance is owned by the company.
    4. Individuals are also deemed as a travel agent if they carry out activities that are set by the Board. These includes companies such as providing travel services, excursions, sightseeing, tours, tourist services and ticketing agents for airlines, tour buses and cruise ships.

    The person or company would need to have a travel agent licence in order to run an agency. The licence will be issued by Singapore Tourism Board (STB), a government entity. Before the licence can be sent for approval, the company must have the following obligations:

    1. The company must be set up in Singapore and have the purpose of doing business as a travel agency. The company must be registered under the Standard Industrial Classification (SSIC) codes of 78211 for Travel Agents And Tour Operators, or 78212 for Ticketing Agencies.
    2. Cash flow and good liquidity and solvency of the company is very important. Thus, the paid-up capital that is used to set up the company must be at least S$10,000.
    3. Employees must be a Singapore citizen, permanent resident, or employment pass holder and must also be accepted by STB.
    4. Fourth, running a business requires the management team and executives to be of good moral character and reputation. Evidence of conduct such as letters of decent demeanour, police clearance and credit background checks may be used by STB for inspection.
    5. Fifth, having a website allows the company to communicate with the customers through IT. Also, the company would need to examine the “Terms and Conditions for the Use of the Travel Related Users’ System (TRUST)”. It is a website providing travel industry information and advice.
    6. Business office space and signboard must be set up if you are setting up a company that is for travel agency operations. The signboard must be concise on the services you provide. For self-employed agents, approval from Housing Development Board must be obtained before STB issues the license.

    Applying for licence:

    The documents needed for a license are as follows:

    • Latest ACRA Biz file of the company
    • Business Activities & Market Specialization Form
    • Resume and Testimonial of the Key Executive
    • Front & Back copy of the Key Executive’s NRIC
    • Key Executive’s Declaration Form
    • Letter of appointment & Director Resolution on the appointment of the Key Executive, printed on company’s letter head and signed by all directors with a valid company stamp.
    • Confirmation of Company’s Business Particulars Form
    • Tenancy agreement & Certificate of Stamp Duty of the premises. Ensure that the copy shows the address that has been approved and to be used as office.

    Also, Sole-proprietors/partnerships are also required to submit the Credit Bureau Singapore report for the sole-proprietor/partners.

    All documents are to be submitted to STB for approval. The application of the travel agent license would take about one to two weeks to process depending on the amount of completed supporting documents.

    1. Supporting documents are stamped copy of the rental contract of the location(s). The agreement should not be less than one year.
    2. If you are applying online at enterpriseone.gov.sg, you must declare whether you are a shareholder in other travel agencies.

    The license costs $300 and expires the following year which it is issued, on 31st December. After that, the travel agency is required to renew their licence.

    Looking for Free Business Advice for SMEs?

    Are you looking for free business advice for SMEs, an aspiring Entrepreneur and new to Singapore company formation? Free business advice is now available for Small and Medium-sized Enterprises (SMEs) at Central Development Councils (CDCs) across Singapore. The advice ranges from the availability of government schemes to knowing the ropes for overseas business expansion.

    To be managed by consultants from the various trade associations with funding from Spring Singapore, these centres were the result of an agreement to set up SME centres within the five CDCs by five local trade associations, with the objective of offering advice for SMEs.

    These five trade associations include:

      • Association of Small and Medium Enterprises (ASME)
      • the Singapore Chinese Chamber of Commerce and Industry (SCCCI)
      • the Singapore Indian Chamber of Commerce and Industry (SICC)
      • the Singapore Malay Chamber of Commerce and Industry (SMCCI)
      • the Singapore Manufacturing Federation (SMF)

    Termed a ‘satellite centre’, the first such centre launched in 2012 at the Northeast CDC in Tampines with the aim of giving business advice for SMEs. The SME help centre, run by consultants of the ASME, managed to benefit about 1000 SMEs. Leveraging on the success of the first centre, a second centre was launched in July 2013 at Southwest CDC in Jurong East and it will be managed by consultants from the Singapore Manufacturing Federation (SMF).

    Complementing the SME help centres already available at various different locations over Singapore, the scheme has given business advice for more than 70,000 SMEs. This is since the launch of the programme in 2005. Spring Singapore anticipates that the collaboration of these satellite centres and the participating trade associations’ help centre can assist another 60,000 businesses in the following three years.

    If you are keen to contact a business advisor from an SME-help centre, or simply wish to know more information about the five trade associations and the SME help-centres under them, click here.

    Looking for Free Business Advice for SMEs?

    Are you looking for free business advice for SMEs, an aspiring Entrepreneur and new to Singapore company formation? Free business advice is now available for Small and Medium-sized Enterprises (SMEs) at Central Development Councils (CDCs) across Singapore. The advice ranges from the availability of government schemes to knowing the ropes for overseas business expansion.

    To be managed by consultants from the various trade associations with funding from Spring Singapore, these centres were the result of an agreement to set up SME centres within the five CDCs by five local trade associations, with the objective of offering advice for SMEs.

    These five trade associations include:

      • Association of Small and Medium Enterprises (ASME)
      • the Singapore Chinese Chamber of Commerce and Industry (SCCCI)
      • the Singapore Indian Chamber of Commerce and Industry (SICC)
      • the Singapore Malay Chamber of Commerce and Industry (SMCCI)
      • the Singapore Manufacturing Federation (SMF)

    Termed a ‘satellite centre’, the first such centre launched in 2012 at the Northeast CDC in Tampines with the aim of giving business advice for SMEs. The SME help centre, run by consultants of the ASME, managed to benefit about 1000 SMEs. Leveraging on the success of the first centre, a second centre was launched in July 2013 at Southwest CDC in Jurong East and it will be managed by consultants from the Singapore Manufacturing Federation (SMF).

    Complementing the SME help centres already available at various different locations over Singapore, the scheme has given business advice for more than 70,000 SMEs. This is since the launch of the programme in 2005. Spring Singapore anticipates that the collaboration of these satellite centres and the participating trade associations’ help centre can assist another 60,000 businesses in the following three years.

    If you are keen to contact a business advisor from an SME-help centre, or simply wish to know more information about the five trade associations and the SME help-centres under them, click here.

    i

     

    Our Clients

    Absolute
    aprikot
    Axcell
    IGC
    Care-Lyna
    CBRE
    Century-21
    Design-Drive
    Digital-Logic
    e-marketing
    ERC
    Gaining-Edge
    Huttons
    Orange-Tee
    Tetra-pak
    Singapore-Redcross
    GGA
    progress-media
    Zenprop
    Housing-Loan
    gohnson-gohnson
    KPMG
    NUS
    pokka
    propnex
    resort-world-sentosa
    singapore-post
    Singtel
    SP
    swisshotel-merchant-court

     

    Our Awards & Recognitions


    DBS Gold Award

    UOB Certificate of Appreciation

    OCBC Gold Partner Award 2012/2013

    OCBC Valued Partner Award 2015/2016

    OCBC Valued Partner Award 2017/2018

    OCBC Valued Partner Award 2018/2019


    Declaration of Support for National Service

    MYOB Professional Partner


    Quickbooks Intuit Proadvisor


    GBiz Trading Partner

    Member of SCCCI

    TOP 15 E-Filing Tax Agent YA2017 & 2018

    XERO Certified Advisor

    Featured On

    Corporate Social Responsibility (CSR)