How to Start a Food Stall Business in Singapore
Singapore is one of the best countries if you are looking forward to establishing a profitable restaurant business.
In fact, there are some people from all over the world who are planning to start a food business in Singapore.
Though Singapore is one of the best places to start your food business, it is important for you to know the facts before you plan about it.
Legalize Your Business
The first thing you need to do is to incorporate your own business. There are different food stall businesses you can try in Singapore. There are different registration processes and requirements you need to follow if you want to open your business in this place. Usually, you need to secure food stall license and other permits. By legalizing your business, there are no legal concerns you need to worry about in the future. Of course, this entails financial requirements as part of the processing. Therefore, you should be prepared for this matter. The amount needed is based on case to case.
Choose the Best Location
Finding the location for your business is also important. There are so many promising places in Singapore to choose from. As much possible, you need to select the location before you apply for a business permit. Depending on the type of business you want, see to it that it is accessible for your target customers. Aside from that, you should establish your business in a place where there are no other similar businesses that operates. Keep in mind that location is one of the vital aspects you need to consider in order for your business to succeed.
Hire Staff
Now that you are done with the licensing and on the selection of location, you need to look for employees who will work for you. Take note that Singapore allows you to hire employees from other countries. This is especially applied for foreign entrepreneurs who want to try their luck in the country. Of course, you can still hire people from the country if you want to. Just make sure that the staff you want to hire is dedicated, hard working and can help you grow your business. You can do the screening process by your own to choose the best employees.
GST Registration
Lastly, you need to have your business registered to GST or Goods and Services Tax. Keep in mind that all restaurants that are capable of earning more than $1 million are required to register in Goods and Services Tax. The amount of tax that will be deducted from your profits is about 7% of the total profit you earn. This is usually being paid annually straight to those taxation authorities. This is usually processed in the Inland Revenue Authority in Singapore. So to avoid any possible legal implications in the future, consider this tip.
21 Comments
- I am from Malaysia and I intend to start a food stall in Singapore. How do I go about it. My specialty is Nonya food.
- Hi! I have a friend from Malaysia and he wanted to set up a food stall in SG. he would like to know what is requirement or criteria to meet. He is planning to sell a variety of new Malaysian cuisines which is not known to Singaporean yet. Looking forward to your kind advise. Thank you! Yours sincerely, John
- Hi, my taiwanese friends and I are looking to start a noodle shop/stall in Singapore. I would like to know what are the requirements for a startup. In addition, how can my friends to get stay in Singapore for this business. I look forward to hearing from you.
- I want business ideas in small investment...
- Hi I want to start a dessert small scale either stall or kiosk in an area where there are lot of people in Singapore probably near park or beach. It will be most french desserts. Can anyone pls tell me what will be initial investment cost as I am new here. Also I don't need any equipment I only need a fridge that I can buy for my stuff. Thanks
- Hi! I have a friend from Malaysia and he wants to set up a food stall in Singapore. May i know what are the requirements or criteria that he needs to fulfill? He is planning to sell a variety of Malaysian beef noodle. Your help is much appreciated
- hi, i am a malaysian, i will like to open a food stall in sg with couple of fren, both of them are singaporean, is it possible to apply a permit to myself to help in food stall, hope to received your reply soon, your help is much appreciate
- I am interested to start open small scale food stall in SG, what's the first thing should I do? who's the person I do meet including adviser staying rental and transportation...
- I am Indonesian interested to open food stall, Now I hold EP and working in SG. Is it possible for me to open food stall not hawker stall in SG
- Hi, I am a foreigner interested to open a food stall or hawker stall in singapore. I have a few singaporean buddies in this venture. Any advice if it is possible?
- Like to start a small eatery selling Korean Dakgaibi. Am a newbie and need advise. Can you help?
- I wish to start up a food stall business, any recommendation on a consultant for advice
- Hi I would to like to open small food stall in Singapore. I am foreigner. I am an Indian. What is the process and cost. Kindly please advise.
- Hi I'm a Singaporean and I want to set up unique F&B stores in Singapore, selling specialties dishes that were never set up before in Singapore, thus creating new trends here. I am looking for creativity, talented partners who are willing to partner me, I will guide you through the process. Preferably email me at ( swiszy@gmail.com ).
- Hi I'm a Malaysian. I would like to set up food business in shopping mall food court centre. What are the requirements for Malaysian . How to apply food license for Malaysian in Singapore . Kindly advise me please . Thank you . Best regards ng.
- Hi! I want to set up a food stall in Singapore. May i know what are the requirements or criteria that I needs to fulfill? I am planning to sell a variety of Malaysian noodle. Your help is much appreciated
- Hai, i know the complete south indian breakfast traditionally. I want to start up my own establishment. My mobile no 8374433456. Can any one helps me
- I am from Malaysia and I intend to start a food stall in Singapore. How do I go about it. My specialty is penang Asam laksa.
- Hi, I have a friend from China who want to set up a food stall in Singapore. How does he need to go about it?
- Hi there, I would like to know more about setting up a food stall in Singapore as a foreign investor. Thanks
- Hi, I am an Indian working in Singapore holding an employment pass, I would like to start an Indian food stall. is it possible to change my employment pass to S pass. can I get some ideas please, thank you
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