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Open an Agricultural Business in Singapore

Open an Agricultural Business in Singapore

It might seem surprising but one of the industries which has advanced quite a lot during the last several years is agriculture. With the government which has enabled various schemes for the support of enterprisers creating farms, a new agricultural concept has emerged in Singapore: vertical farming. Urban areas like Hougang and Tampines are among the preferred destinations for establishing agricultural businesses in Singapore.

The creation of agricultural companies is supported by the Plant Control Act and the Animals and Birds Rules which provide for the requirements of starting such business in the city-state. Our consultants can explain the concept of vertical farming to those interested in setting up this kind of venture and can assist them in order to open their company in Singapore as fast as possible.

Please watch the video below for more information on how to create an agricultural company in Singapore:

How to open a company in Singapore as an agricultural business in 2024

The first step to setting up a business in the agricultural industry in Singapore is to choose a structure and register it with ACRA. Our Singapore company formation experts can assist with this procedure and can also draft the incorporation documents of the company.

After the Singapore company formation process is completed, the owner must submit the blueprints of the land plots and buildings with the Agri-food and Veterinary Authority (AVA) for approval.

Agricultural companies in Singapore can activate in one of the following branches in 2024:

  • vegetable and crop production;
  • the growth of ornamental plants;
  • fish farming;
  • ornamental fish farming.

Agricultural companies in Singapore may also export their products.

Applying for a farming license in Singapore

No matter the activities the agricultural business will undertake, a special license must be obtained with the AVA before starting operating. The farming license implies filing the following documentation with the AVA:

  • a completed application form;
  • a GIRO account opening form;
  • a copy of the company’s business profile issued by ACRA;
  • copy of the documents related to the approval of the land plots used for farming;
  • the approval of the Urban Redevelopment Authority for using the land for agricultural purposes.

Considering Dragon fish farming is quite popular in Singapore, the government has also enabled a special registration scheme for this type of agricultural business.

The agricultural sector in Singapore

Because of its climatic conditions, traditional agriculture is not a large industry in Singapore. However, it does have more than 150 land farms. Locals are also known for their preference in seafood, which is why the number of sea-based farms is also impressive, surpassing 100. At the moment, most farms operating in the city-state are urban agricultural sites, which is why local production is quite low.

Despite importing most of its agricultural products, the government plans to ensure its own food sources, by increasing local production to 30% by 2030 by allocating more money from the state budget.

For full information on how to start a company in the agriculture sector in Singapore and the licensing requirements, as well as any governmental incentives, please contact our Singapore company formation agents.