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Set Up a HORECA Company in Singapore

Set Up a HORECA Company in Singapore

Singapore has become a very popular tourism destination in the last 3 years, which has triggered the expansion of various industries connected to it. Among the branches of tourism registering the highest increases in 2016 and 2017 there is also the hotel-restaurant-café sector, which is known all over the world as HORECA.

Foreign enterprisers who want to start a business in the HORECA sector in Singapore must comply with several laws and requirements imposed by various institutions. Our Singapore company formation advisors can assist enterprisers who want to set up HORECA businesses in the city-state.

You can also watch our video on how to open a Singapore HORECA company:

Company incorporation requirements for a HORECA business – presented by our Singapore company formation agents

Setting up a HORECA company in Singapore in 2024 implies choosing a structure and registering it with the Trade Register. The most employed business form for this type of venture is the limited liability company and even if the law does not impose a minimum share capital, the future business owner must approximate the correct amount needed to start a business in the HORECA industry. Tax and GST registration are also mandatory.

Investors must also consider the special requirements related to the employees of such companies who must have certain qualifications.

Our company registration agents in Singapore can assist with the incorporation of the HORECA company.

Licenses for HORECA companies in Singapore in 2024

Once the company registration process is completed, the Singapore HORECA business must obtain various licenses. Among these are:

  • the food shop and the liquor license for the restaurant;
  • a beer house license, however this license is not mandatory;
  • the hotel keeper’s license for the hotel;
  • music playing license;
  • a halal certification, if the restaurant will serve halal food.

Restaurants are also subject to other requirements, among which a food safety management plan, a specific cleaning plan and also appoint a hygiene officer.

Once established, the HORECA business will also undergo certain inspections with the National Environment Authority and the Agri-Food and Veterinary Authority.

Food service market in Singapore

At the end of 2022, Singapore accounted for more than 29,000 food service providers, allowing the HoReCa sector to reach a market value of USD 20.7 billion in 2023. Thanks to increasing numbers of tourists, the industry which is a significant player in the tourism sector is expected to grow at an annual rate of 16.5% between 2024 and 2032.

Currently, HoReCa businesses are divided into:

  • restaurants;
  • cafes;
  • food stalls;
  • coffee shops;
  • bars;
  • fast-food restaurants.

These enter the full-service HoReCa business category as they sell food and beverages on premises, but they also provide delivery services.

Opening a HORECA company in 2024 is subject to many requirements and if you need assistance with the registration of the chosen business form, please feel free to contact our Singapore company formation specialists.