The nature of your business activities will determine whether you need to apply for a business license in Singapore. Certain industries, such as food and beverage and retail, necessitate the acquisition of specific licenses and permits.

For example:

Food establishments must obtain a National Environment Agency Food Shop License (NEA)

Retail establishments must register with the Accounting and Corporate Regulatory Authority (ACRA) and obtain a CPF account for their employees.

Before conducting business, it is important to research the specific licensing requirements for your industry and ensure that all necessary licenses and permits are obtained. Penalties or legal action may be imposed if licensing requirements are not met.