SSIC codes guide

4 minute read

Starting a business in Singapore is a decision made by an increasing number of entrepreneurs from all across the globe. This is hardly a surprise, since Singapore is a prosperous country that enables both the locals and foreigners to advance in their business endeavors.

However, before you carry on with your company operations, you need to register your company and specify your business activity. In this SSIC codes guide, we will walk you through essential information such as the definition of SSIC codes, the importance of choosing the correct code, and, finally, the list of the most commonly used codes.

Here is a quick overview:

 

What are SSIC codes?

An SSIC code, or a Singapore Standard Industrial Classification Code, is a number provided to classify a company’s business activities that are carried out in the country of Singapore.

SSIC codes are used by the government for statistical purposes. However, they also serve the purpose of helping with the regulation and governance of companies.

The codes are reviewed and updated when and if necessary. The goal of this is to ensure that the codes:

  • Stay aligned with the changes in international standards
  • Reflect significant changes in the economy
  • Remain updated in regard to emerging activities

On top of that, the country authorities can use the codes for several other purposes.

  • ACRA can use it to determine whether any additional licenses are needed for the business activity carried out by the company.
  • IRAS can also use the SSIC code to determine whether specific tax benefits apply to the company.

 

Things to note when choosing a SSIC code

Naturally, when selecting your SSIC code associated with principal activities of your company, it is best to opt for a code that reflects the activities you seek a license for.

For instance, if your company is a financial holding company, it would make sense to select the SSIC code 64201. This way, you can apply for the necessary license so that you can operate within the Singaporean borders.

However, keep in mind that holding companies tend to get taxed heavily by the Inland Revenue of Singapore. Also, they are not eligible for most tax deductions.

Finally, it would be smart to write a custom description of your business activity for your business profile. This description does not have to be longer than one page. It is not required to go by the SSIC standard description, since ACRA allows writing a more accurate business activity description upon registration.

 

List of SSIC codes

Here is a list of SSIC codes across various fields of business.
Take note: The business types that are highlighted in blue will require licensing/permits.

 

Consulting

70201BUSINESS AND MANAGEMENT CONSULTANCY SERVICES (GENERAL)
70209BUSINESS AND MANAGEMENT CONSULTANCY SERVICES N.E.C.
62021INFORMATION TECHNOLOGY CONSULTANCY (EXCEPT CYBERSECURITY)
62022INFORMATION TECHNOLOGY CYBERSECURITY CONSULTANCY
71129ENGINEERING DESIGN AND CONSULTANCY ACTIVITIES N.E.C.
71126ENGINEERING DESIGN AND CONSULTANCY SERVICES SUPPORTING MINING, OIL AND GAS EXTRACTION AND OFFSHORE EXPLORATION ACTIVITIES
71121GENERAL BUILDING ENGINEERING DESIGN AND CONSULTANCY SERVICES
71122PROCESS AND INDUSTRIAL PLANT ENGINEERING DESIGN AND CONSULTANCY SERVICES

 

Holding companies

64201BANK/FINANCIAL HOLDING COMPANIES
64202OTHER HOLDING COMPANIES

 

Technology

62019DEVELOPMENT OF OTHER SOFTWARE AND PROGRAMMING ACTIVITIES N.E.C.
62090OTHER INFORMATION TECHNOLOGY AND COMPUTER SERVICE ACTIVITIES (EG DISASTER RECOVERY SERVICES)
62013DEVELOPMENT OF SOFTWARE FOR INTERACTIVE DIGITAL MEDIA (EXCEPT GAMES)
62011DEVELOPMENT OF E-COMMERCE APPLICATIONS
63120WEB PORTALS (INCLUDING SOCIAL NETWORKING SITES)
62024COMPUTER SYSTEMS INTEGRATION ACTIVITIES
63119DATA PROCESSING AND RELATED ACTIVITIES N.E.C. (EG DATA TABULATION SERVICES, COMPUTER TIME SHARING SERVICES, APPLICATION SERVICE PROVIDERS, DATA STORAGE AND STREAMING SERVICES)

 

B2B and Finance

82999OTHER BUSINESS SUPPORT SERVICE ACTIVITIES (EG JUNKETS, ADMINISTRATION OF LOYALTY PROGRAMMES)
73100ADVERTISING ACTIVITIES
85491CORPORATE TRAINING SERVICES AND MOTIVATIONAL COURSE PROVIDERS
78105EXECUTIVE SEARCH SERVICES
69202BOOK-KEEPING SERVICES
69201ACCOUNTING AND AUDITING SERVICES (INCLUDING TAXATION ADVISORY SERVICES)
66192CORPORATE FINANCE ADVISORY SERVICES
66301ASSET/PORTFOLIO MANAGEMENT
66309FUND MANAGEMENT ACTIVITIES N.E.C.

 

Retail

47910RETAIL SALE VIA INTERNET
47721RETAIL SALE OF COSMETICS AND TOILETRIES (INCLUDING SKINCARE PRODUCTS)
47311RETAIL SALE OF MOTOR VEHICLES EXCEPT for MOTORCYCLES AND SCOOTERS
47412RETAIL SALE OF COMPUTER HARDWARE AND ACCESSORIES AND COMPUTER SOFTWARE (EXCEPT GAMES)
47719RETAIL SALE OF CLOTHING, FOOTWEAR AND LEATHER ARTICLES N.E.C.
47711RETAIL SALE OF WEARING APPAREL FOR ADULTS

 

Wholesale

46900GENERAL WHOLESALE TRADE (INCLUDING GENERAL IMPORTERS AND EXPORTERS)
46541WHOLESALE OF INDUSTRIAL MACHINERY AND EQUIPMENT
46522WHOLESALE OF ELECTRONIC COMPONENTS
46592WHOLESALE OF MEDICAL, PROFESSIONAL, SCIENTIFIC AND PRECISION EQUIPMENT
46639WHOLESALE OF CONSTRUCTION MATERIALS, HARDWARE, PLUMBING, AND HEATING EQUIPMENT AND SUPPLIES N.E.C. (EG CEMENT, SAND)
46699WHOLESALE OF OTHER SPECIFIC COMMODITIES N.E.C.
46309WHOLESALE OF FOOD, BEVERAGES, AND TOBACCO N.E.C.
46599WHOLESALE OF OTHER MACHINERY AND EQUIPMENT N.E.C.
46511WHOLESALE OF COMPUTER HARDWARE AND PERIPHERAL EQUIPMENT
46551WHOLESALE OF MARINE EQUIPMENT AND ACCESSORIES (INCLUDING MARINE NAVIGATIONAL EQUIPMENT AND RADAR)
46424WHOLESALE OF COSMETICS AND TOILETRIES

 

General services

74191INTERIOR DESIGN SERVICES
74192ART AND GRAPHIC DESIGN SERVICES
82303EVENT/CONCERT ORGANISERS
43210ELECTRICAL WORKS
96099OTHER PERSONAL SERVICE ACTIVITIES N.E.C.
78104EMPLOYMENT AGENCIES (EXCLUDING MAID AGENCIES)
46100WHOLESALE ON A FEE OR CONTRACT BASIS (EG COMMISSION AGENTS)
79102TRAVEL AGENCIES AND TOUR OPERATORS (MAINLY OUTBOUND)
81211GENERAL CLEANING SERVICES EXCEPT for HOUSEHOLDS (INCLUDING CLEANING OF PUBLIC AREAS AND JANITORIAL SERVICES)
49219PASSENGER LAND TRANSPORT N.E.C. (EG PRIVATE CARS FOR HIRE WITH OPERATOR AND TRISHAWS)
95301REPAIR AND MAINTENANCE OF MOTOR VEHICLES (INCLUDING INSTALLATION OF PARTS & ACCESSORIES)
88911CHILD CARE SERVICES FOR PRE-SCHOOL CHILDREN (INCLUDING OWN-ACCOUNT BABYSITTING)
61099OTHER TELECOMMUNICATIONS ACTIVITIES N.E.C. (EG PROVISION OF VOIP (VOICE OVER INTERNET PROTOCOL SERVICES) AND CYBER ‘CAFES’ (OFFERING INTERNET ACCESS ONLY))
93203CABARETS, NIGHTCLUBS, DISCOTHEQUES, DANCE CLUBS, AND KARAOKE LOUNGES
77101RENTING AND LEASING OF PRIVATE CARS WITHOUT OPERATOR
59111MOTION PICTURE/MOVIE PRODUCTION

 

Health and Beauty

86201CLINICS AND OTHER GENERAL MEDICAL SERVICES (WESTERN)
96022BEAUTY SALONS AND SPAS (INCLUDING SLIMMING, SKIN CARE AND HAIR CARE CENTRES)
86203SPECIALISED MEDICAL SERVICES (INCLUDING DAY SURGICAL CENTRES)
86204DENTAL SERVICES
96021HAIRDRESSING SALONS/SHOPS (INCLUDING BARBER SHOPS)
86909OTHER HEALTH SERVICES N.E.C. (EG REHABILITATION ACTIVITIES EG PHYSIOTHERAPY, CHIROPRACTIC, SPEECH THERAPY)

 

Education and Childcare

85509EDUCATIONAL SUPPORT SERVICES N.E.C. (EG TUITION MATCHING SERVICES)
85499OTHER EDUCATION N.E.C.
85420MUSIC, DANCING, ART, SPEECH AND DRAMA INSTRUCTION
85410SPORTS AND RECREATION EDUCATION (EG YOGA, SPORTS, MARTIAL ARTS, DIVING, AEROBICS)

 

Food and Beverage

56111RESTAURANTS
56122FOOD COURTS, COFFEE SHOPS, AND EATING HOUSES (WITH MAINLY FOOD AND BEVERAGE INCOME)
56112CAFES AND COFFEE HOUSES
56129OTHER FOOD AND BEVERAGE SERVING PREMISES N.E.C.
56140STALLS SELLING COOKED FOOD AND PREPARED DRINKS (INCLUDING STALLS AT FOOD COURTS AND MOBILE FOOD HAWKERS)
56201FOOD CATERERS
47219RETAIL SALE OF FOOD N.E.C.
47112MINI-MARTS, CONVENIENCE STORES AND PROVISION SHOPS
68104LETTING AND OPERATING OF FOOD COURTS, COFFEE SHOPS AND EATING HOUSES (WITH MAINLY RENTAL INCOME)

 

Construction/ Real Estate

41001GENERAL CONTRACTORS (BUILDING CONSTRUCTION INCLUDING MAJOR UPGRADING WORKS)
41009BUILDING CONSTRUCTION N.E.C.
68101REAL ESTATE DEVELOPERS
43301RENOVATION CONTRACTORS
68109REAL ESTATE ACTIVITIES WITH OWN OR LEASED PROPERTY N.E.C.
42101GENERAL CONTRACTORS (NON-BUILDING CONSTRUCTION)
43220PLUMBING, HEATING (NON-ELECTRIC) AND AIR-CONDITIONING
68201REAL ESTATE AGENCIES AND VALUATION SERVICES
68103LETTING AND OPERATING OF SELF-OWNED REAL ESTATE EXCEPT for HOTELS, LODGING AND BOARDING HOUSES

 

Shipping and Logistics

30110BUILDING AND REPAIRING OF SHIPS, TANKERS AND OTHER OCEAN-GOING VESSELS (INCLUDING CONVERSION OF SHIPS INTO OFF-SHORE STRUCTURES)
50021SHIPPING LINES
52292FREIGHT FORWARDING, PACKING AND CRATING SERVICES
50024CHARTERING OF SHIPS, BARGES, AND BOATS WITH CREW (FREIGHT)
52226SHIP MANAGEMENT SERVICES
52222SHIPPING AGENCIES (FREIGHT)
52227SHIP BROKERING SERVICES
52291VALUE ADDED LOGISTICS PROVIDERS

 

Miscellaneous

28300INSTALLATION OF INDUSTRIAL MACHINERY AND EQUIPMENT, MECHANICAL ENGINEERING WORKS
31001MANUFACTURE OF FURNITURE AND FIXTURES OF WOOD (INCLUDING UPHOLSTERY)
52299OTHER TRANSPORTATION SUPPORT ACTIVITIES N.E.C.
32909OTHER MANUFACTURING INDUSTRIES N.E.C.
63909OTHER INFORMATION SERVICE ACTIVITIES N.E.C.

 

Wrap-up

You can also use ACRA’s keyword search engine to browse the full list of SSIC codes. Alternatively, you can always reach out to us and our team will be happy to help you.

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