Singapore Storage And Warehousing Business Setup

To create a storage space and warehousing business requires several licenses and permits. 1. Register your business first with the Accounting and Corporate Regulatory Authority of Singapore (ACRA). Your business must sign-up as a single proprietorship, collaboration, or a private limited company. An exclusive limited company is your best option given the liabilities involved with the storage and warehousing business. 2. Secure an idea for your business.

The premise needs to be zoned for commercial use. Once you’ve guaranteed a space, do make sure that it is current on building open fire and codes-safety measures. If the premise needs to be converted into a warehouse for storage of goods, you will need to obtain a permit from the Urban Redevelopment Authority (URA). URA has a specific rule called the 60:40 Rule for the transformation. The guideline stipulates that at least 60% of the gross floor area (GFA) is designated for warehouse use; and 40% of the GFA can be used for office space, cafeteria, or communal facilities.

Any major reconstruction of the premise requires a credit card application for a building work permit through the Building and Construction Authority of Singapore (BCA). When the building works are complete, you will also need to acquire from BCA: a Certificate of Statutory Completion and/or a Temporary Occupation Permit before you can occupy the space.

All renovation works should be performed by accredited or licensed contractors including architects. You will find two types of warehouse license that will exempt you from paying the Goods & Services Tax (GST) while storing the products in the warehouse. The Singapore Custom issues the Warehouse License, which allowed the storage space of all goods including dutiable goods such as tobacco and liquor and harmful chemicals before they sold in the marketplace.

The second warehouse license is also issued by Singapore Customs. This license allows you to convert the entire or area of the warehouse into a zero-GST area for non-dutiable goods and GST-paid goods until they are released accessible in Singapore. Occupational Safety and Health Division at Ministry of Manpower (MOM) will also have to approve the premise to ensure that it is a safe place of work. You will also need a Fire Safety Certificate (FSC) prior to occupying the building.

You can obtain a FSC from Singapore Civil Defense Force through an authorized architect or engineer. Depending on the goods that you intend to store in your warehouse, you may or may not require additional permits or licenses. If the goods are believed hazardous or flammable, you will have to apply for Permit to get and Store Hazardous Substances from the National Environment Agency (NEA) and Singapore Civil Defense Force respectively.

You can find the set of controlled hazardous substances. If the storage facilities involves lifting of heavy goods, you shall need a Crane Operator Permit from MOM. When transporting dangerous goods such as toxic chemicals or flammable materials, a driver must have Hazardous Materials Transport Driver Permit (HDTP). You can apply for a HDTP from the Singapore Civil Defense Force. Warehousing businesses involve a good amount of dealings with the Singapore Customs. You need to activate your customs accounts using ACRA assigned Unique Entity Number (UEN) and Singpass. For more information on Singapore Customs and importing goods into Singapore, please see our article to Make an application for Permits and Permit to Import Goods into Singapore.

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