Starting a Telecommunications Business in Singapore

Starting a Telecommunications Business in Singapore

The telecommunications sector right now is growing, both in terms of business and need in Singapore. Be it with good telephone service or a high bandwidth internet; people are always for a more convenient way to communicate to the world. And if you have the proper ideas, you could be making really good figures running a telecommunications business in Singapore. To open a telecommunications business in Singapore, you have to do the following things.

 

Decide On What You Are Going To Provide

Your telecommunications business could be providing people with various services like telephones, internet, mobile networks, and data hosting services or satellite services. According to your knowledge and ideas, first, you should be settling on the type of service(s) your business will be giving to the people.

 

Register Your Business

Then, you register your business with the Accounting and Corporate Regulatory Authority of Singapore (ACRA). While doing that, you should also point out the type of your telecommunications business. Meaning that it could be a sole proprietorship, a private company, or a business run in partnership.

 

Registering Your Business in Singapore

There are various rules applied while you are registering your business in Singapore.  First off, it is with the name of your business organization. The name of your business shouldn’t be identical to any existing company in Singapore. Next, it can’t infringe with any trademarks, and of course, the name shouldn’t be inappropriate. You will also need various documents showing the necessary information, and if everything goes right, the company registration process can finish in a day.

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If you are a foreign investor, you could also consider getting the help of a local agent in this process.

 

Legality and Licenses

After that, you should be making sure that your business complies entirely with the law. In the case of a telecommunications business, there are various types of licenses you will need to acquire as per the service you are providing.

Here are the compulsory licenses you should be having from the IDA according to the services you are going to provide. If your business is going to contribute to more than one service, you will have to gain more than one licenses.

 

Fixed Line (Telephone)

  • Facilities-Based Operator (FBO) License.
  • License For In-Building Terrestrial. Telecommunications Systems.
  • Satellite Down-link License.
  • Services Based Operator (SBO Class) License.
  • Services Based Operator (SBO Individual) License.

 

Internet

  • License For In-Building Terrestrial Telecommunications Systems.
  • Services Based Operator (SBO Individual) License.

 

Mobile Network or Radio Service

  • Facilities-Based Operator (FBO) License.
  • Mobile Network License

 

Satellite Services

  • Satellite Communication Station License.
  • Satellite Up-link/Down-link License for Broadcasting Purpose.
  • Satellite Down-link License.

 

Web hosting services

  • Satellite Down-link License.
  • Services Based Operator (SBO Class) License.
  • Services Based Operator (SBO Individual) License.

If you want to provide further services, you should be acquiring additional licenses for that. The process is not so hard; just that for some it could be complicated. So, you could hire a lawyer to help you with the papers.

After registering your company and meeting all the requirements in terms of legality and licenses, you are good to go. I hope this helped you.

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If you are interested to start telecommunications business in Singapore, read more from local corporate service provider in Singapore who can assist you along the way.