{"id":26744,"date":"2019-06-12T11:50:00","date_gmt":"2019-06-12T03:50:00","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=26744"},"modified":"2022-06-13T17:07:11","modified_gmt":"2022-06-13T09:07:11","slug":"what-to-know-when-opening-a-cafe-in-singapore","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/what-to-know-when-opening-a-cafe-in-singapore\/","title":{"rendered":"What To Know When Opening A Cafe In Singapore"},"content":{"rendered":"
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Thinking of owning your own cafe? With Singapore’s saturated cafe scene, differentiating from competitors today require more than just good food and coffee. Here’s what you need to know before opening a cafe in Singapore:<\/p>\n

Incorporation<\/b><\/h3>\n

The first step to opening a cafe is to legitimise your business. Using your Singpass<\/a>, access the ACRA’s Bizfile+<\/a>. Once you have logged in, register the name and the type of company that you wish to set up.<\/span><\/p>\n

You will be required to pay for name registration and business registration; name registration costs $15, and the business registration fee is between $50 and $600 for locals, and $300 and $1,200 for foreigners. The amount depends on the type of company you wish to set up.<\/span><\/p>\n

Location\/ Rental Space<\/b><\/h3>\n

With the high and constantly increasing rental rates in Singapore, you will need a high volume of sales just to cover rent. Furthermore, if you are vying for a spot in a prime location such as the CBD, you can expect to pay sky-high rents. As a guide, your rental expense should ideally be no more than ten per cent of your total revenue. However, given the current rental rates, this can be almost impossible at the start.
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The estimated rental rates today are as listed:<\/p>\n