SSIC 47630 - Retail sale of sports apparel and equipment (including bicycles, boats and healthcare equipment)

Companies in This Category (7,332)

Understanding SSIC 47630

The SSIC 47630 classification pertains to retail sale of sports apparel and equipment (including bicycles, boats and healthcare equipment). 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 reporting requirements.
Common business structures include sole proprietorships, partnerships, and private limited companies (Pte Ltd).
Regulatory requirements include compliance with the Newspaper and Printing Presses Act (Cap. 206) if involved in publishing or distributing newspapers, and potential licensing requirements from relevant authorities depending on specific activities (e.g., operating a bookstore within a school).

Common Business Operations

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

Selling a variety of books (fiction, non-fiction, textbooks), newspapers, magazines, stationery items (pens, paper, notebooks), and related products.

Examples include Popular bookstores, Times bookstores, and smaller independent bookstores selling niche publications. Newsvendors operating at MRT stations or hawker centres are also classified under this SSIC.

Industry practices include online sales platforms, loyalty programs, and collaborations with schools and educational institutions, as highlighted in reports from Enterprise Singapore (ESG) on the retail sector.

SSIC 47630 Retail sale of sports apparel and equipment (including bicycles, boats and healthcare equipment)

Companies in This Category (7,332)

Understanding SSIC 47630

Key Characteristics:

Common Business Operations