SSIC 47220 - Retail sale of beverages

Companies in This Category (7,844)

Understanding SSIC 47220

The SSIC 47220 classification pertains to retail sale of beverages. This official code is mandatory when registering a business entity with ACRA (Accounting and Corporate Regulatory Authority) in Singapore.

Key Characteristics:

Compliance with the Singapore Companies Act, including requirements for financial reporting and annual general meetings.
Common business structures include sole proprietorships, partnerships, and private limited companies (Pte Ltd).
Regulatory requirements include licensing from the Singapore Food Agency (SFA) for food retail establishments and adherence to food safety standards.

Common Business Operations

Retail sale of confectionery, biscuits and ice cream.

Selling packaged confectionery, biscuits, and ice cream from a physical retail outlet or online platform.

Examples include retail shops selling local snacks like kueh, imported chocolates, or artisanal ice cream.

Industry practices often involve collaborations with local suppliers and participation in food fairs and events, as highlighted in Enterprise Singapore reports.

SSIC 47220 Retail sale of beverages

Companies in This Category (7,844)

Understanding SSIC 47220

Key Characteristics:

Common Business Operations