Starting a Spa Business in Singapore

813 WordsFeb 26, 20183 Pages
Starting a Spa Business in Singapore Despite the economic crisis, health and wellness sector in Singapore has always recorded a steady growth starting from S$140 million a year. The factor causing the high amount of revenue is due to high tourist arrivals and the increase in wealth of individuals. People are more willing to part with their money in return for exotic treatments and multiple-treatment packages. There has also been a 63% increase in the number of spas since 2003. Due to the potential gains, big players and new companies are setting up shop in Singapore. The Massage Establishment Act requires a Massage Establishment (ME) License to allow the company to operate its massage, foot-reflexology services, spa baths, manicure and similar treatments. The ME License is separated into 2 categories, Category I and Category II. Category I license is more popular among the spa business as licensees can enjoy serving alcohol, admitting customers regardless of age, unrestricted operating hours and employing foreign therapists or masseuses. Before applying for the License, there are a set of conditions that needs to be met before the license can be issued. These conditions are: Business Condition  Registering business with Singapore Companies Registrar, ACRA Applicant Condition  21 years old at time of application  Free from criminal records  Valid Employment Pass or Work Permit if the applicant is foreigner Company Condition Category I ME License: There must be
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