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Start a Bookstore in Singapore

Start a Bookstore in Singapore

The media industry is very developed in Singapore. Foreign investors coming here have found various business opportunities throughout the years and developed television, publishing, advertising agencies or even printing businesses. The latter developed at a quite fast pace which also enabled the appearance of bookstores in Singapore.

The rapid development of urban areas such as Tampines, Hougang and Bedok has made many citizens from neighboring countries and not only to move to Singapore with their families. As education plays an important in the life of everybody, setting up a bookshop in any of these residential zones in Singapore could be a very good business possibility.

You can rely on our company formation agents in Singapore if you want to register a company in any area of the city-state.

How to open a Singapore company as a bookstore business in 2024

Starting a bookshop in Singapore implies various steps until the company is registered and starts running. Choosing the right location which can offer increased visibility is a must when creating a bookstore. Then the space must be accommodated in an attractive manner and only then can one start the Singapore company formation process. This will imply preparing a set of documents which will be filed with ACRA, followed by obtaining certain licenses from the Infocomm and Media Authority (IMDA).

In order to increase their sales, most Singapore companies are also present in the online environment, therefore creating a website in order to sell books through is could be a good idea in the case of bookshop owners in 2024.

Our Singapore company formation experts can assist with the company registration process of your bookstore. A ready-made company for sale in Singapore is another business option through which you can start a business in the city-state.

Licenses for bookshops in Singapore

Opening a bookstore in Singapore will imply cooperating with various publishing companies which should agree to sell their books or other products through the bookshop. Agreements with each one of them must be signed. Following that, depending on all the facilities offered by the Singapore bookstore, there a few special licenses which must be obtained, among which:

  • an internet service license is required, if the bookshop will also set up online activity;
  • a content provider license;
  • advertisement licenses, if any ads will be placed inside or outside the premises of the bookstore;
  • an entertainment license for playing music in the bookstore.

Books market on the rise in Singapore

Bookstores in Singapore are largely sought, a fact that can also be seen in the revenue they generate. According to the latest statistics:

  • by the end of 2024, this market is expected to reach USD 147.6 million;
  • the projected market value by 2029 is set to reach USD 156.9 million, with an annual increase of 1.23%;
  • by 2029, the number of readers in Singapore is also forecast to reach 2 million;
  • bookstores are expected to register an average of revenue of approximately USD 61 per buyer.

The trend among readers in Singapore are e-books and audiobooks.

For assistance in starting a bookstore in the city-state, please contact our Singapore company formation agents.