Start Your Own Beauty & Wellness Business in Singapore for $395
The Beauty & Wellness industry in Singapore is growing and has become an important segment of the tourism and hospitality industry
An online registry of beauty and wellness therapists was launched in 2016 by the Spa and Wellness Association of Singapore (SWAS) to allow consumers to check if their beauticians are qualified
According to the Global Wellness Institute (GWI) the worldwide wellness economy is now worth US$3.7 trillion
Mass skin care saw one of the largest increases in value sales in 2017, with it already being the largest category within mass beauty and personal care
Beauty and Wellness Industry in Singapore
Globally, the health, food, and beauty markets have converged into a consumer category termed Wellcare, which is growing rapidly thanks to consumer demand, discretionary health spending, and global technology platforms. In Singapore, the needs of a growing urban society increasingly looking to pamper itself with beauty services recently turned a booking service platform for spa and wellness services into an overnight success. With men bringing a predicted S$141m into the Singapore market by 2021, the Beauty and Wellness industry is indeed poised for more growth in the next decade.
Licensing and Other Requirements for Your Beauty and Wellness Establisment
Incorporating your Beauty and Wellness Business On ACRA
Registering your company on the Accounting and Corporate Regulatory Authority of Singapore is the first step to kicking off your business venture. Successfully registered, your company will receive a Unique Entity Number (UEN), which is required when making applications for other licences and permits.
Beauty and Wellness Industry Licensing Requirements
Your Beauty and Wellness Establishment basically only requires an ACRA licence to start operation. However, a Massage Establishment (ME) licence is required if any premises is used or intended to be used for the reception or treatment of persons requiring:
- light, electric, vapour or other baths
- Other similar treatment
The ME licence is required under Massage Establishment Act Cap 173 and is issued by the Singapore
Police Force (SPF). Category I licencees have unrestricted operating hours, and can serve alcohol, admit customers irrespective of age, and can also employ foreign masseuses or therapists.