The SSIC 463 classification pertains to wholesale of food, beverages and tobacco. This official code is mandatory when registering a business entity with ACRA (Accounting and Corporate Regulatory Authority) in Singapore.

Key Characteristics:

Compliance with the Sale of Food Act (Chapter 283) and related regulations regarding food safety and labelling.
Common business structures include sole proprietorships, partnerships, and private limited companies (Pte Ltd) due to varying capital requirements and liability considerations.
Frequent regulatory requirements include licensing from the Singapore Food Agency (SFA) for food importers and distributors, and compliance with customs regulations for import/export activities.

Common Business Operations

Wholesale trade of food, beverages and tobacco, including importers and exporters.

Importing and distributing processed food products like canned goods, snacks, and beverages to supermarkets and retailers across Singapore.

Examples include a company importing and distributing Japanese snacks to local convenience stores, or a firm exporting Singaporean-made sauces to overseas markets.

Industry practices often involve leveraging Singapore's strategic location for regional distribution hubs, as highlighted in EDB's reports on the food and beverage sector.