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Government Data Management

Singapore to launch new business licensing system by 2013

By Clarice Africa | 21 November 2011

As part of the Government’s continuing efforts to foster a more pro-enterprise environment in Singapore, the Ministry of Trade and Industry and the Ministry of Finance are working with 18 other government agencies to consolidate more than 250 business licenses on a common portal by the end of 2013.

The new integrated system, which is estimated to cost about SG$30 million (US$23 million), is expected to simplify the whole business of applying, updating, renewing, and terminating licenses. First the new one-stop portal will offer more than three times the number of licences available on the current Online Business Licensing Service (OBLS) today to better serve the needs of businesses.

Second, it will allow businesses to apply for multiple licences from different agencies as a single integrated application.

Third, it will be more user-friendly and intuitive, as businesses can effortlessly search, sort and apply for the licences required. Businesses will also be able to manage and keep track of all their licence-related transactions with their own e-folder in the new system. All these will translate into time-savings for businesses.

“Businesses want to get the licensing done with minimum hassle, and get down to the business of doing business. The new system will help businesses meet their regulatory obligations in a simple and convenient way,” said Teo Ser Luck, Minister of State for Trade and Industry.

The new system will be rolled out in three phases.

The first phase will be rolled out by the end of 2013 when businesses can apply for some 160 licences on the new portal. The second phase will come in the second half of 2014 with about 80 licences added, and the remaining will be made available in the first half of 2015.

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