SSIC 4610 - Wholesale on a Fee or Commission Basis

Companies in This Category (67,284)

Understanding SSIC 4610

The SSIC 4610 classification pertains to wholesale on a fee or commission basis. 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 annual returns and financial reporting is required.
Common business structures include sole proprietorships, partnerships, and private limited companies (Pte Ltd).
Regulatory requirements include GST registration if annual taxable turnover exceeds $1 million, as per IRAS guidelines.

Common Business Operations

Wholesale trade of a variety of goods without any particular specialisation.

Involves the purchase and resale of a broad range of goods to retailers or other wholesalers, often acting as a distributor.

Examples include general trading companies that import and distribute various consumer goods, hardware, and industrial supplies, as classified by ACRA.

Industry practices often involve leveraging Singapore's strategic location for regional distribution, aligning with EDB's focus on trade and connectivity.

SSIC 4610 Wholesale on a Fee or Commission Basis

Companies in This Category (67,284)

Understanding SSIC 4610

Key Characteristics:

Common Business Operations