opening a media company in singapore
TRANSCRIPT
Opening a Media Company in Singapore
A presentation brought to you by OpenCompanySingapore.com
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Media Legislation in Singapore >>
• In order to set up a media company, one must comply with the Singapore media legislation designed by the Media Development Authority.
• The Singapore Media Development Authority has enabled a comprehensive legislation covering all aspects of the media.
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>> Media Legislation in Singapore
• Media companies in Singapore must abide by the following laws:
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the Media Development Authority of Singapore Act;
the Broadcasting Act;
the Films Act;
the Newspaper and Printing Press Act;
the Public Entertainments and Meetings Act.
Steps to Open a MediaCompany in Singapore >>
• The first step in opening a media company in Singapore is the registration procedure which is the same for all types of companies.
• Once one has selected the appropriate type of business structure, they must apply for the company name approval and reservation with the Accounting and Corporate Regulatory Authority (ACRA) in Singapore.
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>> Steps to Open a Media Company in Singapore
• The second step is for the founders to draft and notarize the media company’s Memorandum and Articles of Association, appoint a manager, select the company’s office and submit all the relevant documents with ACRA.
• Once ACRA releases the Certificate of Registration, the owners must apply for one of the licenses issued by Media Development Authority (MDA).
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Content Standards for Singapore Media Companies
• The MDA has drafted a content standard and classification code for Singapore media companies.
• The classification ratings for Singapore companies broadcasting media materials are:
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general;
advisory;
advisory16;
R18.
Licensing of Media Companies in Singapore >>
• Certain licenses must be obtained before opening a Singapore media company.
• The following licenses are available for Singapore media companies:
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broadcast TV license;
film distribution license;
film exhibition license;
internet service and content provider class license.
>> Licensing of Media Companies in Singapore
• The other licenses for a media company are:
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a newspaper and printing press license for printing companies in Singapore;
subscription international TV service license;
TV receive-only system license;
radio and TV license;
DTV label mark usage license.
• Singapore online companies are required to obtain online services licenses.
Company Formation Services in Singapore
• With a vast experience, our Singapore agents can help foreign investors set up media companies in the city-state.
• You can also contact us for assistance in obtaining special license for running a media business in Singapore.
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Thank you for your attention!
For more information, please contact us at:
+ 852 8191 3385
www.opencompanysingapore.com
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