The food and beverages (F&B) sector is one of the greatest contributors to Singapore’s economy, recent statistics showing this industry brings more than 8 billion SGD to the city-state’s Gross Domestic Product on a yearly basis. The tourism and retail industries are some of the main supporters of the food and beverages segment, as the number of visitors coming to Singapore has also increased spectacularly.
Foreign investors interested in starting a business in Singapore can choose the F&B industry, particularly the beverages segment which benefits from many incentives from the government. Our company formation specialists in Singapore can offer more information on the legislation related to the beverages industry.
The first steps to set up a beverage business in Singapore imply choosing a company name, drafting the incorporation documents and filing them with the Accounting and Corporate Regulatory Authority based on which the company will obtain its certificate of registration. Our company registration agents in Singapore can assist with this process.
Following the Singapore company formation procedure, one must pay attention to the requirements of the Liquor Control Law which was last amended in 2015 and which provides for both the production and the supply of beverages in the city-state.
In order to open a beverage company in Singapore, one must take into account the following:
Setting up a business in the beverage industry in Singapore requires obtaining special licenses for each of these procedures. Import licenses are required if the ingredients for the production of the drinks are brought from outside Singapore. When it comes to the bottling of the beverages, special labeling requisites must be complied with, as for the retail and supply, a retail license must be obtained with the relevant authorities.
Also, the premises of the Singapore beverage company must comply with various requirements and must undergo an inspection from the Agri-Food & Veterinary Authority of Singapore.
For full information on the requisites to establish a beverages company in the city-state, please feel free to contact our Singapore company formation consultants.