{"id":1091,"date":"2023-03-13T09:06:53","date_gmt":"2023-03-13T09:06:53","guid":{"rendered":"https:\/\/opencompanysingapore.com\/open-a-security-agency-in-singapore\/"},"modified":"2023-07-11T08:17:16","modified_gmt":"2023-07-11T08:17:16","slug":"open-a-security-agency-in-singapore","status":"publish","type":"post","link":"https:\/\/opencompanysingapore.com\/open-a-security-agency-in-singapore\/","title":{"rendered":"Open a Security Agency in Singapore"},"content":{"rendered":"\n<p><strong>Singapore<\/strong>&nbsp;is one of the safest countries in the world, however, those who want&nbsp;<a href=\"https:\/\/www.opencompanysingapore.com\/open-a-security-technology-company-in-singapore\" target=\"_blank\" rel=\"noreferrer noopener\">to&nbsp;<strong>start businesses in the private security industry<\/strong><\/a>&nbsp;are welcome to set up companies here, as this sector is very well regulated by the&nbsp;<strong>Private Security Law<\/strong>.<\/p>\n\n\n\n<p>In order to&nbsp;<strong>open a Singapore security agency<\/strong>, an entrepreneur will need to meet certain company registration requirements and several employment conditions imposed by the Police Licensing and Regulatory Department (PLRD).<\/p>\n\n\n\n<p>Below, our&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/about-us\" target=\"_blank\" rel=\"noreferrer noopener\">company formation agents in Singapore<\/a><\/strong>&nbsp;guide investors through the&nbsp;<strong>steps for opening a security agency<\/strong>. With experience in registering companies in various industries in&nbsp;<strong>Singapore<\/strong>, our consultants can assist those interested in&nbsp;<strong>opening a security agency business<\/strong>&nbsp;here.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #002e5b;color:#002e5b\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #002e5b;color:#002e5b\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/opencompanysingapore.com\/open-a-security-agency-in-singapore\/#choosing-a-business-form-for-the-singapore-security-agency\" title=\"Choosing a business form for the Singapore security agency\">Choosing a business form for the Singapore security agency<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/opencompanysingapore.com\/open-a-security-agency-in-singapore\/#the-best-legal-form-of-a-security-agency-in-singapore\" title=\"The best legal form of a security agency in Singapore\">The best legal form of a security agency in Singapore<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/opencompanysingapore.com\/open-a-security-agency-in-singapore\/#company-formation-for-a-security-agency-in-singapore\" title=\"Company formation for a security agency in Singapore\">Company formation for a security agency in Singapore<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/opencompanysingapore.com\/open-a-security-agency-in-singapore\/#requisites-for-the-directors-of-security-agencies-in-singapore\" title=\"Requisites for the directors of security agencies in Singapore\">Requisites for the directors of security agencies in Singapore<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/opencompanysingapore.com\/open-a-security-agency-in-singapore\/#company-directors-in-a-security-firm-in-singapore\" title=\"Company directors in a security firm in Singapore\">Company directors in a security firm in Singapore<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/opencompanysingapore.com\/open-a-security-agency-in-singapore\/#other-requirements-for-security-agencies-in-singapore\" title=\"Other requirements for security agencies in Singapore\">Other requirements for security agencies in Singapore<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/opencompanysingapore.com\/open-a-security-agency-in-singapore\/#can-a-security-agency-operate-as-a-branch-office-in-singapore\" title=\"Can a security agency operate as a branch office in Singapore?\">Can a security agency operate as a branch office in Singapore?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/opencompanysingapore.com\/open-a-security-agency-in-singapore\/#small-security-business-vs-a-large-private-security-company-in-singapore\" title=\"Small security business vs. a large private security company in Singapore\">Small security business vs. a large private security company in Singapore<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/opencompanysingapore.com\/open-a-security-agency-in-singapore\/#tailored-assistance-in-opening-a-singapore-security-agency\" title=\"Tailored assistance in opening a Singapore security agency\">Tailored assistance in opening a Singapore security agency<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/opencompanysingapore.com\/open-a-security-agency-in-singapore\/#why-open-a-security-agency-in-singapore\" title=\"Why open a security agency in Singapore?\">Why open a security agency in Singapore?<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"choosing-a-business-form-for-the-singapore-security-agency\"><\/span><strong>Choosing a business form for the Singapore security agency<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Apart from the&nbsp;<strong>Private Security Law<\/strong>&nbsp;which provides for the specific requirements which must be met by&nbsp;<strong>Singapore companies<\/strong>&nbsp;operating in this field, the&nbsp;<a href=\"https:\/\/www.opencompanysingapore.com\/company-act-in-singapore\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Company Law<\/strong><\/a>\u2019s provisions must also be respected. Among these provisions, there is also the requirement of choosing an appropriate business form for conducting the activities.<\/p>\n\n\n\n<p>The&nbsp;<strong>Company Law<\/strong>&nbsp;provides for:<\/p>\n\n\n\n<ol>\n<li>the future owners to choose a suitable structure for the company which respects the legal requirements in terms of registration;<\/li>\n\n\n\n<li>having at least one company director and a company secretary who are&nbsp;<a href=\"https:\/\/www.opencompanysingapore.com\/residence-permit-in-singapore\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Singapore residents<\/strong><\/a>;<\/li>\n\n\n\n<li>drafting the Articles of Association in which the main object of activity of the business is written;<\/li>\n\n\n\n<li>depositing the minimum share capital in accordance with the legal requirements in its industry;<\/li>\n\n\n\n<li>incorporating the company with the Accounting and Corporate Regulatory Authority and other relevant authorities;<\/li>\n\n\n\n<li>obtaining the necessary licenses in order to offer the services written in the constitution documents.<\/li>\n<\/ol>\n\n\n\n<p>One of the best business forms for&nbsp;<strong>setting up a company in SIngapore as a security agency<\/strong>&nbsp;is the&nbsp;<a href=\"https:\/\/www.opencompanysingapore.com\/start-a-singapore-llc-or-a-sole-proprietorship\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>limited liability company<\/strong><\/a>&nbsp;as it offers various advantages to its shareholders.<\/p>\n\n\n\n<p>If you decide to&nbsp;<strong>open a company in Singapore in the private security field<\/strong>, our advisors can assist you during the incorporation procedure. Such a business can also be created as a&nbsp;<strong>branch office in Singapore<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"the-best-legal-form-of-a-security-agency-in-singapore\"><\/span><strong>The best legal form of a security agency in Singapore<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>When&nbsp;<strong>opening a security agency in Singapore<\/strong>, there are various things to consider, among which the legal form under it will operate. Depending on whether the owner is a Singapore national or a foreign one, there are several types of structures one can choose from.<\/p>\n\n\n\n<p>The&nbsp;<a href=\"https:\/\/www.opencompanysingapore.com\/the-general-partnership-in-singapore\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>partnership<\/strong>&nbsp;<\/a>is the most suitable business form for foreign citizens who want to&nbsp;<strong>open small security companies in Singapore<\/strong>, as they can enter an agreement with Singapore citizens who know how the market works and the requirements to be met. Moreover, considering the qualification requirements for the company directors, the Singapore citizen or resident is highly likely for them to meet these selection criteria.<\/p>\n\n\n\n<p>Another type of entity that can be used for the&nbsp;<strong>creation of a Singapore security agency<\/strong>&nbsp;is the limited liability company which has obvious advantages such as the limited responsibility of the shareholders and also the possibility of having more than one owners who can contribute to the share capital of the company.<\/p>\n\n\n\n<p>No matter the decision of the owner or owners, both legal forms are suitable for such an enterprise in Singapore.<\/p>\n\n\n\n<p>Another way of&nbsp;<a href=\"https:\/\/www.opencompanysingapore.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>setting up a company&nbsp;<\/strong><strong>in Singapore<\/strong><\/a><strong>as a private security business&nbsp;<\/strong>is through a joint venture or even a franchise, if there is an offer in this sense. The joint venture is a suitable option for those who have an established firm abroad and which can cooperate with a local one in order to cover the Singapore market.<\/p>\n\n\n\n<p>The franchise implies less operational effort from the&nbsp;<a href=\"https:\/\/www.opencompanysingapore.com\/start-a-franchise-business-in-singapore\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>franchisee<\/strong><\/a>, however, the fee for taking over the business model can be more expensive. Either way, these are both options for those interested in setting up this type of venture in Singapore.<\/p>\n\n\n\n<p>If you decide to&nbsp;<strong>open a company in Singapore<\/strong>&nbsp;and need guidance, our local experts are at your service in order to help you register the selected business form.<\/p>\n\n\n\n<p>We invite you to watch our video on how to\u00a0<strong>set up a security agency in Singapore:\u00a0<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Open a Security Agency in Singapore\" width=\"840\" height=\"473\" src=\"https:\/\/www.youtube.com\/embed\/6s8w5T7Chcc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"company-formation-for-a-security-agency-in-singapore\"><\/span><strong>Company formation for a security agency in Singapore<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Foreign or local investors who want to&nbsp;<strong>set up such business in Singapore<\/strong>&nbsp;must first&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/general-guide-to-company-incorporation-singapore\" target=\"_blank\" rel=\"noreferrer noopener\">register a company<\/a><\/strong>&nbsp;for which they must ensure the following:<\/p>\n\n\n\n<ul>\n<li>&#8211; a minimum share capital of 300,000 SGD for the company;<\/li>\n\n\n\n<li>&#8211; a minimum number of two directors, where each of them will fulfill certain specific duties;<\/li>\n\n\n\n<li>&#8211; obtain one of the two licenses issued by the PLRD: the security agency license or the security service provider license;<\/li>\n\n\n\n<li>&#8211; the business form of the agency must be the private limited liability company;<\/li>\n\n\n\n<li>&#8211; the private security agency must be located in a space dedicated for commercial purposes.<\/li>\n<\/ul>\n\n\n\n<p>Our&nbsp;<strong>Singapore company formation&nbsp;<\/strong>agents can help foreign investors in&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/set-up-limited-liability-company-in-singapore\" target=\"_blank\" rel=\"noreferrer noopener\">registering limited liability companies in Singapore<\/a><\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"requisites-for-the-directors-of-security-agencies-in-singapore\"><\/span><strong>Requisites for the directors of security agencies in Singapore<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As mentioned earlier, a&nbsp;<strong>Singapore private security company<\/strong>&nbsp;must have at least two directors who must fulfill certain roles in the company. The first&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/company-management-in-singapore\" target=\"_blank\" rel=\"noreferrer noopener\">director<\/a><\/strong>&nbsp;must act as a contact point with the Police Licensing Department, while the second one must have one of the following qualifications:<\/p>\n\n\n\n<ol>\n<li>at least 2 years of experience in a private security-related position;<\/li>\n\n\n\n<li>must&nbsp; be a certified manager under the Private Security Act in Singapore;<\/li>\n\n\n\n<li>must have passed the Manage Security Operations training module within the PLRD;<\/li>\n\n\n\n<li>must have passed the Manage Security Emergencies training module with the PLRD.<\/li>\n<\/ol>\n\n\n\n<p>Also, the director applying for one of the&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/obtaining-special-permits-and-licenses-in-singapore\">licenses&nbsp;<\/a>for offering private security services<\/strong>&nbsp;must be a Singapore resident.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"company-directors-in-a-security-firm-in-singapore\"><\/span><strong>Company directors in a security firm in Singapore<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As mentioned above, a&nbsp;<strong>Singapore security company<\/strong>&nbsp;must have at least two directors who will have different responsibilities within the firm. One of the directors will represent the company in its relations with the authorities and will apply for the&nbsp;<strong>security agency license<\/strong>, while the other will become the contact person with the&nbsp;<a href=\"https:\/\/www.police.gov.sg\/\"><strong>Police Force in Singapore<\/strong><\/a>.<\/p>\n\n\n\n<p>If the criteria for the first director were described above, the second director will also need to comply with a few requirements, among which:<\/p>\n\n\n\n<ul>\n<li>&#8211; he or she must have at least 2 years of experience in a security-related field or must have managed a security firm;<\/li>\n\n\n\n<li>&#8211; must be certified under the WSQ module of the Manage Security Agency;<\/li>\n\n\n\n<li>&#8211; must have a clean criminal record and a good character.<\/li>\n<\/ul>\n\n\n\n<p>Other requirements when&nbsp;<strong>opening a security agency in Singapore<\/strong>&nbsp;refer to the uniform of the personnel for which prior approval from the Licensing Office with the PRLD has been obtained. The uniform must not be similar to that of the police or army in Singapore.<\/p>\n\n\n\n<p>If you want to&nbsp;<a href=\"https:\/\/www.opencompanysingapore.com\/\"><strong>open a company in Singapore<\/strong>&nbsp;<\/a>and operate as a&nbsp;<strong>private security firm<\/strong>, we invite you to reach out to our specialists if you have any questions about the creation of such a business.<\/p>\n\n\n\n<p>We are at the service of foreign enterprises that decide on&nbsp;<a href=\"https:\/\/www.opencompanysingapore.com\/establish-a-branch-office-in-singapore\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>opening a branch office in Singapore<\/strong><\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"other-requirements-for-security-agencies-in-singapore\"><\/span><strong>Other requirements for security agencies in Singapore<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Setting up a security firm in Singapore<\/strong>&nbsp;implies having various responsibilities which must be mainly fulfilled by the person who has been licensed for such activities. The first and most important one refers to the fact that only the licensee will be allowed to manage the activities of the&nbsp;<a href=\"https:\/\/www.opencompanysingapore.com\/types-of-companies-in-singapore\"><strong>Singapore company<\/strong><\/a>. Also, the licensee cannot enter into debt collection cases on behalf of the company, nor does he or she allow for the employees to enter such situations.<\/p>\n\n\n\n<p>The&nbsp;<strong>Singapore security firm<\/strong>&nbsp;has the right to&nbsp;<strong>hire personnel<\/strong>, including persons over the age of 60, however, proper medical examinations must be undergone by the staff. Each person must undergo training before starting to work for the firm. It is also important to note that under the&nbsp;<strong>Private Security Law<\/strong>, specific wages must be ensured.<\/p>\n\n\n\n<p>It is also possible for&nbsp;<strong>security agencies<\/strong>&nbsp;to operate under one or more&nbsp;<a href=\"https:\/\/www.opencompanysingapore.com\/establish-a-branch-office-in-singapore\"><strong>branches in Singapore<\/strong><\/a>.<\/p>\n\n\n\n<p>If you plan on&nbsp;<strong>setting up a security firm in Singapore<\/strong>&nbsp;and information on all the requirements to be met, our company formation agents can offer detailed information.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"can-a-security-agency-operate-as-a-branch-office-in-singapore\"><\/span><strong>Can a security agency operate as a branch office in Singapore?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Yes, it is possible for foreign companies to set up operations in Singapore under the form of&nbsp;<strong>a&nbsp;<a href=\"https:\/\/www.opencompanysingapore.com\/establish-a-branch-vs.-a-subsidiary-in-singapore\">branch office<\/a><\/strong>, however, the foreign security agency must make sure it meets all the requirements imposed by the legislation here in order to set up an office and develop its activities.<\/p>\n\n\n\n<p>First of all, the branch office will meet the same share capital requirements imposed under the Singapore legislation. Then, it must make sure to hire personnel in accordance with the legal requisites imposed by the Singapore Police Department. Also, all licenses must be obtained by the parent company on behalf of the local entity.<\/p>\n\n\n\n<p>The&nbsp;<strong>creation of a security agency<\/strong>&nbsp;can be supervised by our&nbsp;<strong>Singapore company formation officers<\/strong>&nbsp;who can also prepare the documents required to incorporate this business form.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"small-security-business-vs-a-large-private-security-company-in-singapore\"><\/span><strong>Small security business vs. a large private security company in Singapore<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Most&nbsp;<strong>security agencies in Singapore<\/strong>&nbsp;have started small before growing into large ones, which is why for those seeking to have a predictable future, starting small is a good option. Moreover, the local government supports small entities through various subsidies and grants which can also be accessed by security agencies.<\/p>\n\n\n\n<p>At the level of 2019, there were more than 252 security agencies in Singapore for which the government proposed the creation of a Special Wage Credit Scheme, just like in the case of other industries.<\/p>\n\n\n\n<p>Through the Security Association Singapore, licensing conditions are to be revised in the coming years, with the purpose of consolidating the private security services market.<\/p>\n\n\n\n<p>If you have any questions about the current legislation related to the&nbsp;<strong>operation of a private security agency in Singapore<\/strong>, you can direct them to our local representatives.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"tailored-assistance-in-opening-a-singapore-security-agency\"><\/span><strong>Tailored assistance in opening a Singapore security agency<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If you decide on&nbsp;<strong>opening a private security company<\/strong>, you can rely on the support provided by our&nbsp;<strong>company registration advisors in Singapore<\/strong>. They will make sure to propose a suitable business form, in accordance with the size of your future business and then handle the registration procedures with the&nbsp;<a href=\"https:\/\/www.opencompanysingapore.com\/accounting-and-corporate-regulatory-authority-in-singapore\"><strong>Accounting and Corporate Regulatory Authority<\/strong><\/a>&nbsp;(ACRA).<\/p>\n\n\n\n<p>We will then advise on the licensing requirements to be met, however, you should know that it take a few weeks to obtain the operating license. Also, the certification courses that must be completed by the employees will also take a few weeks more. Apart from these, all security agents must also obtain their ID cards with the USE Customer Service Centre.<\/p>\n\n\n\n<p>If you want to&nbsp;<strong>open a security company in Singapore<\/strong>&nbsp;and need advice, do not hesitate to ask our specialists about all the requirements to meet before starting the registration procedure.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"why-open-a-security-agency-in-singapore\"><\/span><strong>Why open a security agency in Singapore?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Singapore<\/strong>&nbsp;is one of the busiest cities in the world which is why the&nbsp;<strong>private security sector<\/strong>&nbsp;developed at a fast pace in the last few years. Considering there are no restrictions to foreign investors interested in operating in this industry, many overseas experienced security agents decide to open their own&nbsp;<a href=\"https:\/\/www.opencompanysingapore.com\/open-a-business-in-singapore\"><strong>c<\/strong><strong>ompanie<\/strong><strong>s in Singapore<\/strong><\/a>.<\/p>\n\n\n\n<p>According to recent statistics, the&nbsp;<strong>Singapore security industry<\/strong>:<\/p>\n\n\n\n<ul>\n<li>&#8211; is expected to bring around 18 million USD to the local economy in 2019;<\/li>\n\n\n\n<li>&#8211; by 2023, the same industry is expected to generate 23 million USD;<\/li>\n\n\n\n<li>&#8211; by 2023, the number of private security firms is expected to increase by 16.7%;<\/li>\n\n\n\n<li>&#8211; household security services in Singapore are expected to grow by 4.9% by the end of 2019.<\/li>\n<\/ul>\n\n\n\n<p>For full information or&nbsp;<strong>assistance in starting a private security agency<\/strong>&nbsp;in the city-state, please&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/contact\" target=\"_blank\" rel=\"noreferrer noopener\">contact our Singapore company formation consultants<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore&nbsp;is one of the safest countries in the world, however, those who want&nbsp;to&nbsp;start businesses in the private security industry&nbsp;are welcome to set up companies here, as this sector is very well regulated by the&nbsp;Private Security Law. In order to&nbsp;open a Singapore security agency, an entrepreneur will need to meet certain company registration requirements and several [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":435,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[9,1113,1115,1114,11],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Open a Security Agency in Singapore<\/title>\n<meta name=\"description\" content=\"Find here how to create a security agency in Singapore. 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