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
The first step to set 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:
- – 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.
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.