SSIC 4710 - Retail Sale in Non-Specialised Stores

Companies in This Category (43,233)

Understanding SSIC 4710

The SSIC 4710 classification pertains to retail sale in non-specialised stores. 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 annual returns and financial reporting.
Common business structures include sole proprietorships, partnerships, and private limited companies (Pte Ltd).
Regulatory requirements include compliance with the Singapore Food Agency (SFA) licensing for food retail and NEA regulations for hygiene standards.

Common Business Operations

Retail sale in supermarkets, minimarts, provision shops and convenience stores.

Selling a variety of food products, beverages, household goods, and personal care items.

Examples include NTUC FairPrice supermarkets, Sheng Siong supermarkets, and 7-Eleven convenience stores.

Industry practices include leveraging e-commerce platforms for online sales and participating in government initiatives like the Productivity Solutions Grant (PSG) for technology adoption.

SSIC 4710 Retail Sale in Non-Specialised Stores

Companies in This Category (43,233)

Understanding SSIC 4710

Key Characteristics:

Common Business Operations