To assist entrepreneurs in their endeavor, GuideMeSingapore.com, a portal that provides business information on Singapore, has just published a guide on starting a retail outlet here.
Here are some nuggets from the webpage:
- Singapore’s retail sales (excluding automobiles) increased 7.4% year-on-year in August 2011. Watch and jewelry retailers and petrol service stations registered 21.3% and 15.3% year-on-year sales.
- Location selected for retail business must be approved by the authorities for retail use. If you want to use a conservation site or private property, permission must be sought from the Urban Redevelopment Authority. Also, retail entrepreneurs must obtain a Fire Safety Certificate from the Singapore Civil Defence Force.
- Licenses must be sought for the various types of retail businesses: Supermarkets, pharmacies, telecomms, liquor, cosmetics.
- Licenses must also be obtained for: Placing a television or any equipment that receives broadcast signals at your retail outlet, playing or performing copyrighted music at your retail outlet, and establishing and providing wide area private network services such as use of walkie talkie services within a non-localised area.
Check out the full article here.
Link to full article