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Open a Pet Store in Singapore

Open a Pet Store in Singapore

Foreign and local entrepreneurs interested in new business opportunities in Singapore can try various industries. Among the economic sectors less explored are agriculture where vertical farming is one of the latest concepts. Another related segment of agriculture is raising animals, but not all sorts of animals but small, cute ones which can sold in pet shops. Form this business opportunity, one can branch out and even set up his or her own pet store in Singapore.

Foreign investors interested in opening a pet store business in the city-state will need a pet shop license. Our company registration consultants in Singapore can offer information on the legislation related to selling animals in the city-state.

Registering a pet shop business in Singapore in 2024

Applying for a pet shop license is actually the last step for those who want to open a Singapore company which will operate as a pet store. The first step is the Singapore company formation procedure. In order to register a company in the Lion City, one must first reserve a trade name, prepare the documents of incorporation and file them with the Trade Register in Singapore.

Foreign investors who want to start a pet shop company in 2024 need not worry about this process as it is quite simple when carried out by our company formation experts in Singapore.

We are at your disposal with various services, including setting up a subsidiary in Singapore.

The pet shop license in Singapore

Once the company is registered, the perfect location is chosen and arranged, the Singapore pet store company can start the licensing procedure. Pet shops in Singapore are allowed to exhibit, sell or even export animals and the pet shop license will allow for all these activities to be undertaken.

In order to apply for a Singapore pet shop license in 2024 with the Agri-food and Veterinary Authority (AVA), the following steps must be completed:

  • obtain an approval from the Urban Redevelopment Authority;
  • obtain a Medisave declaration;
  • file information about the premises of the pet shop;
  • present the design and construction blueprints of the enclosures of the animals.

The Medisave declaration will be obtained from ACRA. Following the submission of the documents mentioned above with the AVA and payment of the licensing fee, an inspection of the Singapore pet store will be carried out and the license released. The pet shop license has a one-year validity and is renewable. You can also open a subsidiary in Singapore with our help.

Petcare statistics in Singapore

Starting with the pandemic, the number of people getting dogs and cats has increased considerably. The good news is that this trend is expected to be maintained by animal lovers, as by 2025, numbers are expected to grow to 1.3 million cats and 465,000 dogs. This means that petcare products are also projected to generate increasing income for such businesses, as follows:

  • by the end of 2024, Singaporeans are expected to buy pet food worth USD143.8 million;
  • a pet owner spends on average USD 24 to take care of their animals;
  • in 2025, the pet food market is expected to register an annual growth of 2.5%.

For assistance in opening a pet store in the city-state, please contact our company formation advisors in Singapore.