SSIC 47610 - Retail sale of books, newspapers and stationery (including newsvendors)

Companies in This Category (9,556)

Understanding SSIC 47610

The SSIC 47610 classification pertains to retail sale of books, newspapers and stationery (including newsvendors). 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 business registration and annual filing requirements.
Common business structures include sole proprietorships, partnerships, and private limited companies (Pte Ltd) registered with ACRA.
Regulatory requirements may include compliance with the Copyright Act (Cap. 63) regarding the sale of copyrighted materials.

Common Business Operations

Retail sale of books, newspapers, stationery and other reading materials.

Sale of textbooks, fiction, non-fiction, magazines, and newspapers in physical retail outlets or online platforms.

Examples include bookstores selling educational materials, newsstands offering newspapers and magazines, and online retailers specializing in books.

Industry practices often involve partnerships with publishers and distributors, as well as participation in book fairs and literary events, as reported in EDB's media and publishing sector reports.

SSIC 47610 Retail sale of books, newspapers and stationery (including newsvendors)

Companies in This Category (9,556)

Understanding SSIC 47610

Key Characteristics:

Common Business Operations