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Setting Up a Spa in Singapore

Setting Up a Spa in Singapore

As the number of tourists visiting Singapore rises on a yearly basis, the wellness industry has become one of the most sought by foreign investors. Among its branches, the spa industry is currently one of the most successful, being evaluated at 140 million SGD on an annual basis. According to statistics, there is a large number of spas running in Singapore at the moment and the market has not reached saturation yet.

If you are interested in setting up a spa in Singapore, our specialists in Singapore in company formation matters can assist you.

Licensing requirements for opening a company in Singapore as a spa in 2024

The first step to open a spa in Singapore in 2024 is to go through the company registration procedure and our experts can help you with the preparation of the documentation required. One of the most important stages of establishing a spa in Singapore is the licensing one. Spas require special permits and also imply a certain structure for the premises used to carry out the activities. There are two types of permits one can apply for under the Massage Establishment Act: a Category 1 and Category 2 license. While the Category 1 permit allows a spa to operate within residential areas, such as neighborhoods, hotels or commercial centers, the Category 2 license is destined to spas operating in non-residential areas.

Any individual applying for a massage establishment license must:

The massage establishment license is granted for the following types of activities:

  • massage;
  • manicure;
  • spa baths;
  • foot-reflexology services.

The company applying for a license to operate a wellness center in Singapore in 2024 is subject to all of the following conditions:

  • it must have a minimum capital of 550,000 SGD which will be employed for investment purposes;
  • have a CaseTrust Accreditation for Spa and Wellness;
  • provide uniforms for all the staff;
  • the premises must have at least 100 square meters.

    Our company formation team in Singapore has vast experience in obtaining special permits and licenses for numerous types of businesses and can help investors obtain a licenses for wellness centers. They can also help investors open a company in Singapore as fast as possible.

With respect to the employees, at least 80% of them must have one of the following accreditations:

  • CIDESCO Beauty certification;
  • CIBTAC Beauty Therapy Services certification;
  • CIBTAC Spa Therapy certification;
  • ITEC Beauty Specialist certification;
  • ITC Holistic Massage certification.

Wellness sector statistics in Singapore

Health and wellness coaching is currently one of the most thriving economic sectors in Singapore. According to recent data:

  • this industry is expected to conclude in 2024 with an estimated revenue of USD 58.53 million;
  • by 2028, it is predicted to register an annual increase of 10.39%, with a projected market value of YSD 86.93 million;
  • the number of clients of SPAs and wellness centers is expected to reach 43.17% in 2024 and to grow to 51.05% by 2028;
  • the average amount to be obtained from the average user is expected to be USD 27 per session

Our consultants in company incorporation in Singapore can provide you with more information about the accreditations one needs to obtain in order to set up a spa in 2024.