Every entrepreneur registering a company in Singapore must navigate the crucial step of defining their business activity through the Singapore Standard Industrial Classification (SSIC).This isn’t just a box to tick. The code you choose affects your legal rules, tax benefits, and even your chances of getting a business bank account. At Koobiz, we often help clients who feel overwhelmed by the many code options, guiding them to a choice that matches their real operations.
This guide will explain what an SSIC code is, show you a reliable way to search SSIC code lists, and share common codes for popular industries. We’ll also cover rules for businesses with more than one activity and why getting this right is crucial for smooth operations in 2026 and beyond.
What is the SSIC Code?
The Singapore Standard Industrial Classification (SSIC) is a mandatory 5-digit numerical code that categorizes economic activities for all business entities in Singapore.
It’s the national standard used for statistics and, most importantly, is required by ACRA when you incorporate your company to state your main income-generating activity.
How to Search and Find Your SSIC Code?
The best way is to use the official online tools. Follow these steps to find the right 5-digit code for your business.
- Access the Search Tool: Visit the Singapore Department of Statistics (SingStat) website or the ACRA BizFile+ portal.
- Use Specific Keywords: Don’t use broad terms. Be precise. For example, search “import of electronics components” instead of just “trading.” The tool will show you matching codes.
- Verify with the PDF Directory: For a comprehensive view, download the latest SSIC 2025/2026 PDF. This gives you all the details to ensure your chosen code is legally accurate, not just one that seems close.
- Consult a Professional: If your business does a mix of things (like both education and tech), it can be hard to pick the main code. Services like Koobiz can help you decide correctly, saving you from fees to change it later.
List of Common SSIC Codes by Industry
While there are many categories, most new businesses fall into areas like Tech, Retail, or Services. Here are some frequently used codes for 2025-2026.
SSIC Codes for Technology and Software Development
The technology sector is one of the most active in Singapore. If you are launching a startup, you will likely use one of the following:
- 62011 (Development of software and applications): This is the standard code for software companies, app developers, and SaaS providers (except games).
- 62019 (Development of other software and programming activities): Use this if your activity doesn’t fit strictly into app development, such as database logic or specialized coding services.
- 62021 (Information technology consultancy): Ideal for businesses that advise others on IT architecture but do not necessarily build the software themselves.
SSIC Codes for E-commerce and Retail
With the rise of digital storefronts, selecting the right retail code is essential to distinguish between physical and online operations:
- 47910 (Retail sale via internet): This is the definitive code for E-commerce businesses selling products purely online (e.g., Shopify, Amazon sellers).
- 47711 (Retail sale of clothing, footwear, and leather articles): Applicable for physical boutiques.
- 46900 (General wholesale trade): Often used by trading companies that import and export a variety of goods without specialization.
SSIC Codes for Investment Holding and Consultancy
Many foreign investors set up companies in Singapore for asset management or professional services:
- 64202 (Other holding companies): Used for entities set up primarily to hold shares in other companies or assets.
- 70201 (Management consultancy services): A very common code for freelancers or firms providing general business advice.
- 69201 (Accounting and auditing services): Specific to registered accounting firms.
Is Choosing the Correct SSIC Code Critical for Compliance?
Critical Compliance Alert:
Yes, it is critical. Picking the wrong code is a compliance mistake that can cause serious problems.
3 Key Risks of Misclassification:
- Bank Account Rejection: Banks may reject applications from companies with vague or high-risk codes (like some for holding companies).
- License Mismatch: If you run a café but register as a “trading” company, you won’t be able to get the necessary food shop license.
- Tax Audit Triggers: The tax authority (IRAS) uses this code to check your filings. A mismatch can lead to an audit.
Advanced SSIC Rules: Primary vs. Secondary Activities
Many companies do more than one thing. ACRA allows you to register two codes: a Primary (main) and a Secondary one.
Comparison: Primary vs. Secondary SSIC Code
Here is how to distinguish between the two classifications:
| Feature | Primary SSIC Code | Secondary SSIC Code |
|---|---|---|
| Definition | The core business activity. | Supplementary or minor activity. |
| Revenue Share | Must generate the majority (>50%) of revenue. | Generates a smaller portion of revenue. |
| Resource Usage | Consumes the most manpower/capital. | Uses shared or minor resources. |
| Priority | Used for public listing and categorization. | Optional, but recommended for clarity. |
Example Scenario:
If Koobiz mostly provides corporate secretarial services (70% income) but also sells some software (30% income), the Primary code should be for corporate services, and the Secondary for software development.
Restricted SSIC Codes That Require Licenses
Some codes mean your business needs a special license before you can operate. Picking these codes triggers a review by specific government bodies.
| Industry | SSIC Prefix/Code | Regulatory Authority | Requirement |
|---|---|---|---|
| Food & Beverage | 56xxxx | SFA (Singapore Food Agency) | Food Shop License |
| Real Estate | 68201 | CEA (Council for Estate Agencies) | KEO/Salesperson License |
| Architecture | 71111 | BOA (Board of Architects) | Practising Certificate |
| Employment | 78104 | MOM (Ministry of Manpower) | EA License |
If you choose one of these codes but don’t have or plan to get the required license, your ACRA application may be delayed, or you could operate illegally.
Can You Change Your SSIC Code After Incorporation?
Yes, you can. Business models evolve, and ACRA allows you to update your activities at any time.
How to Change Your SSIC Code (4 Steps):
- Pass a Board Resolution: The directors must formally approve the change in business activity in writing.
- Log into BizFile+: Access the ACRA portal using CorpPass.
- File “Change in Company Information”: Update the Primary/Secondary code fields.
- Pay the Fee: The standard filing fee is SGD 15. The update is usually immediate.
Does SSIC Code Affect Government Grants and Banking?
Yes, it impacts both your funding and your financial access. This is often an overlooked aspect that financial consultants at Koobiz emphasize to clients ensuring a smooth operational start.
1. Impact on Government Grants
AAgencies like Enterprise Singapore use SSIC codes to check if you qualify for grants (like the Productivity Solutions Grant).
- The Risk: If you apply for a manufacturing grant but your code is for general trading, you might be automatically disqualified.
- The Fix: Make sure your code matches the industry of the grant you want.
2. Impact on Banking (AML Checks)
Banks check your SSIC code as part of their safety (AML) checks. Some codes are flagged as higher risk.
- High Risk Codes: Codes for cryptocurrency, money-changing, or generic wholesale trade.).
- Consequence: Choosing these codes may lead to more questions, requests for extra documents, or even account rejection. A clear, standard code (like for consultancy) usually makes the process faster and easier.
Conclusion
Choosing the right SSIC code sets up your Singapore business for correct reporting and smooth growth. It’s more than a quick search; it’s about truly understanding your main business, its future needs, and how banks see you. Accuracy here saves you from legal and administrative troubles later.
At Koobiz, we help entrepreneurs with every step of starting a business in Singapore. . From helping you search SSIC code databases to managing your company formation, tax, accounting, and audit requirements, our team ensures your business is set up for success from day one. If you need assistance opening a bank account in Singapore or clarifying your business activity, contact Koobiz today for expert support.
