Starting an Entertainment Business in Singapore
If you are planning to start an entertainment business then there is good news for you. The good news is that the entertainment business has a wide range of business. There are many things to do in the entertainment business. The entertainment business is very broad. Entertainment business can be a fishing farm, a karaoke lounge, nightclub, a golf park or more. If you have decided to start an entertainment business in Singapore, the first thing you need to do is to get a land that is only for commercial use and certified for doing entertainment business and recreation use by Urban Redevelopment Authority of Singapore (URA). Then you have to register your entertainment business with the Accounting and Corporate Regulatory Authority of Singapore (ACRA). You must register your entertainment business as your individual, partnership or a private limited company.
If you are starting a business, the main thing should be in your mind is your financial status. How much will you spend on the business will tell you how much business will give you. So you should have a total plan for financing your money. Spend your money wisely. Spend more where it demands more and less where it needs less.
Make a Whole Plan
When starting an entertainment business everything should be clear in your mind. You should have every information about the business you are starting because it will help you in the future. Firstly, get some information about Singapore cities and people of there. You must know about the interest of peoples where you are starting your entertainment business. Because people’s’ interest is the main thing to make a business successful.
Securing Your Land
Once you have bought a land to start your business on it then you should also have safety plans for it. Make it sure about the building that you bought is equipped by every mean of safety. There should be a fire safety measure and an exit door also. These two safeties are the most. Other than these safeties, you have to add safety layouts and design in your building according to your entertainment business. So it will be good for you to study and research well on your entertainment business before starting it to stay safe from any danger. You can also discuss with the landlord if you want to change of use with the Urban Redevelopment Board.
Licenses and Permits
According to the entertainment business you are willing to start and how you are trying to plan your land for your business, you need a license and permits from Singapore Government. Following given are two points of license and permits which are may or may not required, according to your business.
- If you want to play any recorded or copyrighted music at your business place then you require 2 licenses. You will need to apply in Public Entertainment License from the Singapore Police Force (SPF)
- You will also need a permit to play the copyrighted music from the musician who sung it.
If you are interested to start an entertainment business in Singapore, read more from local corporate service provider in Singapore who can assist you along the way.