If your firm does business in Singapore or is planning to do so, it's imperative to know about pertinent Singapore statutory boards. There are 83 statutory boards. A unique element of Singapore's government, each board is an autonomous government agency. Statutory boards in Singapore were established under the Singapore Statutory Act of Parliament. Each board has a specified purpose with enumerated rights and powers.
Singapore statutory boards stretch back in history at least to 1960, when the Housing and Development Board was created to build and manage low-cost housing. Since then dozens of Singapore government statutory boards have been empowered. Take the time to review the list of statutes and boards to identify the ones of interest. Then, to learn the Singapore statutory boards basics, take the following steps:
1. Learn the specifics about Singapore statutory authority.
2. Identify the statutory boards in Singapore that apply to your business.
3. Make note of the Singapore statutory board listings available online.
Learn about Singapore statutory authorityIt's a good idea to learn about the statutory act in Singapore that applies to your business as well as general information about Singapore statutory boards. Review the print and online sources that provide a history of the statutory authority, links to British Parliamentary law and the statutes themselves.
Contact the ministries and statutory boards of SingaporeIf your company has business interests in Singapore, note that several ministries and statutory boards focus on economic development and trade. Two to check into first are the Economic Development Board and the Monetary Board. Both impact business relations and development.
Check with applicable Singapore government statutory boardsYour business might benefit from information about one Singapore government statutory board or several. Check the actual statutes or review summaries of board jurisdictions to determine their scopes. At the least, your team should have knowledge of general guidelines, such as tax and shipping information, as well as those for your specific business category, such as construction or health care.
- Some boards and ministries oversee other boards. If you don't find the Singapore statutory board you're looking for, check under other logical boards. For example, the Board of Architects falls under the Ministry of National Development.