Real estate is one of the most important and attractive industries in Singapore, as many foreign investors have seen the huge development potential of this sector. The large number of foreigners relocating here for business or employment purposes has determined the opening of construction companies in Singapore.
One of the most important requirements for setting up a construction company is to obtain a Singapore builder license. This special permit is issued in accordance with the Building Control Law on the Licensing of Builders which was last amended in 2007. Our company formation consultants in Singapore can offer information on the legislation governing builder licenses.
Please watch our video on how to obtain a Singapore builder license:
Types of builder licenses – presented by our experts in company formation in Singapore
The builder license is required for carrying out construction projects for both public and private housing. Also, the law established two types of builder’s licenses in Singapore:
- – the general builder license which is further divided into 2 classes;
- – the specialist builder license.
The general builder license is subdivided into:
- – the class 1 builder license which can complete projects of any value;
- – the class 2 builder license which can complete projects with a maximum value of 6 million SGD.
The specialist builder license is for Singapore companies or private contractors who can complete the following types of construction works:
- – piling;
- – ground support and stabilization;
- – steel structuring;
- – pre-cast concrete structuring;
- – in-situ post-tensioning;
- – site investigations.
Our Singapore company formation specialists can help with the registration of a construction company.
Applications for builder licenses in Singapore
The applications for builder licenses must be filed with the Building and Construction Authority (BCA) in Singapore and imply filing the forms issued by the authorities together with:
- – the appointment of an Approved Person (AP) who can be a sole trader or a company director;
- – the appointment of a Technical Controller who must be a specialist in the construction field;
- – the fee payment receipt.
Also, Singapore companies applying for a builder license must comply with the following minimum share capital requirements:
- – 300,000 SGD for a class 1 general builder license;
- – 25,000 SGD for a class 2 general or specialist builder license.
For full information on how to obtain a builder license, please contact our Singapore company formation advisors.