SSIC 4690 - Non-specialised Wholesale Trade

Companies in This Category (342,044)

Understanding SSIC 4690

The SSIC 4690 classification pertains to non-specialised wholesale trade. This official code is mandatory when registering a business entity with ACRA (Accounting and Corporate Regulatory Authority) in Singapore.

Key Characteristics:

Compliance with the Companies Act (Cap. 50) regarding record-keeping and financial reporting requirements.
Common business structures include sole proprietorships, partnerships, and private limited companies (Pte Ltd) registered with ACRA.
Regulatory requirements may include GST registration if annual taxable turnover exceeds $1 million, as per IRAS guidelines.

Common Business Operations

Wholesale of a variety of goods without any particular specialisation.

Engaging in the import and export of diverse product categories, such as consumer goods, hardware, or industrial supplies, without focusing on a specific niche.

Examples include general trading companies that source and distribute a wide range of products to retailers or other businesses in Singapore and overseas, as classified by ACRA.

Industry practices often involve leveraging Singapore's strategic location and free trade agreements to facilitate international trade, as highlighted in EDB's trade and connectivity sector reports.

SSIC 4690 Non-specialised Wholesale Trade

Companies in This Category (342,044)

Understanding SSIC 4690

Key Characteristics:

Common Business Operations