SSIC 47640 - Retail sale of games and toys

Companies in This Category (4,140)

Understanding SSIC 47640

The SSIC 47640 classification pertains to retail sale of games and toys. 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 regarding business registration and annual filing requirements with ACRA.
Common business structures include sole proprietorships, partnerships, and private limited companies (Pte Ltd) registered with ACRA.
Regulatory requirements include adherence to the Price Control Act (if applicable), Copyright Act, and potential licensing requirements depending on the specific goods sold (e.g., publications requiring permits).

Common Business Operations

Retail sale of books, newspapers, magazines and stationery (including new and used books and stationery).

Activities include selling books (fiction, non-fiction, textbooks), newspapers, magazines, stationery, and related educational materials in physical stores or online.

Examples include Popular Bookstore, Times Bookstores, and smaller independent bookstores selling niche publications or used books; also, stationery shops selling office supplies and school materials.

Industry practices often involve partnerships with schools and educational institutions for textbook sales, participation in book fairs, and leveraging e-commerce platforms for online sales, as highlighted in reports from Enterprise Singapore (ESG).

SSIC 47640 Retail sale of games and toys

Companies in This Category (4,140)

Understanding SSIC 47640

Key Characteristics:

Common Business Operations