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How to Open a Construction Company in Singapore

The construction industry plays a vital role in the economy of any country. Likewise, the construction sector has been one of the major pillars of the Singapore economy.

How to Open a Construction Company in Singapore

The construction industry plays a vital role in the economy of any country. Likewise, the construction sector has been one of the major pillars of the Singapore economy.
With many large-scale public sector projects such as the building of business parks, housing projects, etc. the construction sector has seen a sturdy growth. Furthermore, private sector projects involving the construction of residential property, hotels, shopping malls, etc. have also increased significantly. As per the data, Singapore construction demand has grown by 20% on YoY basis. This article will provide the general information that one must know before setting up a construction company in Singapore.

License to Offer Professional Engineering Services

Any firm that intends to provide professional engineering services must hold a license provided by the Professional Engineers Board (PEB). Holding a license is compulsory under the Professional Engineers Act and is given only to multi-disciplinary partnerships, unlimited companies, limited companies, and limited liability partnerships.

The construction companies that indulge in providing the following types of business activities must obtain a license by the Professional Engineers Board.

Requirements for License to Offer Professional Engineering Services

Incorporation of Business
The first and foremost thing a business must do to obtain a license to offer Professional Engineering Services is to register itself as a limited company, an unlimited company, a multi-disciplinary partnership, or a limited liability partnership in Singapore. However, if it is a foreign company it can register itself as a Singapore subsidiary company or a Singapore branch office.
Criteria to Obtain License
The Professional Engineers Board of Singapore has prescribed certain criteria for the companies registered in Singapore in order to obtain a license for offering professional engineering services. The license shall be granted only upon fulfillment of those criteria.
Criteria for Limited Companies:
Approval of Premises:
There are many other norms that need to be fulfilled to get the approval of premises.

Ten Steps to Follow for Your Singapore Import Export Trading Company Formation

Professional Engineering Services License Application Procedure

The Professional Engineers Board of Singapore grants a license only after approving the following supporting documents
The license will be granted on successful submission and processing of the documents. The license is valid for a period of two months and renewal must be made before two months of the expiry date. The annual license fee is S$300.
Other Licenses Required
About Us
IMC Group provides construction company incorporation service in Singapore. We have years of experience of working with construction companies and highly skilled our team of professionals ensure that your company in quickly and smoothly incorporated and gets timely permits, approvals and licenses. In addition, we also provide accounting services for small business in Singapore. To ensure that construction companies have sufficient labour and workers we provide work visa services in Singapore. To avail our services you can get in touch with us.

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