The company's main business scope
The main business scope can be understood as the percentage of the company's business activities that account for the majority of its revenue. In Singapore, a local company can register two main business scopes. If the company's main business scope changes in the future, the main business scope must be modified through the legal secretary and submitted to the Singapore Accounting and Corporate Regulatory Authority (ACRA).
When choosing the registered main business scope, you must choose according to the Singapore Standard Industry Classification Code (SSIC CODE). The company must also choose at least one main business scope. The second main business can be added later and it will not be a problem.
If the Singapore Standard Industry Classification Code does not fully match your company's main business, you can select the closest code and then fill in the specific business content in the "Description of Main Business Scope".
