How do I set up an online store in Singapore?

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Do I need a license to sell online in Singapore?

E-commerce companies selling products in Singapore do not need a license. However, according to the Singapore Broadcasting Authority, all broadcasting services, including computer online services provided by Internet Service Providers (ISPs) and Internet Content Providers (ICPs) must be licensed.

Can I sell online in Singapore?

Selling in Singapore is a great option for growth-minded online merchants. When you launch your store in a new market, there are a number of useful facts and data that you should consider. There are 4,699,204 Internet users in Singapore and Internet penetration amounts to 82.50%.

How do I register my online business in Singapore?

To register your business, you may make an online application via the BizFile+ website. The application itself may only take about 15 minutes to complete. However, certain types of business require approval from certain regulatory authorities before they can be registered.

Do you need a license to open an online store?

The short answer to whether a business license is a requirement for online selling: yes. A business license is a requirement for online selling and it’s a crucial part of establishing your business as legitimate and legal.

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Does home based business need license in Singapore?

The home-based small scale business scheme allows you to carry out small scale home-based activities to supplement your household income. And you don’t need a license or HDB or URA’s approval to do so.

Can S Pass holder sell online in Singapore?

you are allowed to sell being holding S-pass in SG. 2. you are subject to pay income tax.

Is it legal to sell things online?

Most local governments require business owners — even online sellers — to legitimize their operations by obtaining business licenses. Whether you’re selling through a marketplace like Etsy or operating an independent website, you’re required to abide by your local laws. This often means getting a business license.

Can foreigners sell online in Singapore?

Foreigners may incorporate a company online through the BizFile+ portal using their SingPass account. However, all companies must have at least 1 director who is ordinarily resident in Singapore. … You may wish to refer to our guide on Singapore company registration for more information.

Is reselling illegal in Singapore?

Under Singapore laws, if goods have been put on the market (whether in Singapore or outside Singapore) with the trade mark owner’s permission, then reselling such goods generally does not constitute trade mark infringement. … There are a range of defences and exceptions available under Singapore’s Trade Marks Act.

How do I register my online business?

Part 2. How to Register Your Online Business

  1. Register your entity name. …
  2. Register your “Doing Business As” (DBA) name. …
  3. Register your business as a legal entity. …
  4. Register your business with the IRS and state tax authorities. …
  5. Register for the appropriate licenses and permits.
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How much does it cost to register a business in Singapore?

Company-Related Fees

No. Company Transaction Fee
1 Name application $15
2 Registration fee $300
3 Annual filing $60
4 Conversion within Company types $40

Can I run a business without registering?

It is entirely legal to operate as a sole proprietorship without registering your company. … You can’t legally use any business name until you have registered it as an officially recognized business entity, both with your local state authorities and with the Internal Revenue Service.