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Setting Up a Security Agency

Updated: Aug 2, 2023


Setting Up a Security Agency | Bestar
Setting Up a Security Agency | Bestar


Setting up a security agency in Singapore can be a profitable business venture, but it is important to be aware of the legal requirements and regulations involved. Here are the steps on how to set up a security agency in Singapore:


1. Decide on the type of security you will provide. There are different types of security services that you can provide, such as:

  • Guarding services: This involves providing security guards to patrol and protect properties and people.

  • Access control: This involves installing and managing security systems to control access to premises.

  • Investigations: This involves conducting investigations into security breaches or other incidents.

  • Security consulting: This involves providing advice on security matters to businesses and organizations.


2. Consider your business model. There are two main business models for security agencies:

  • Security agency: This model involves providing all aspects of security services, from recruiting and training security guards to providing security solutions.

  • Security service provider: This model involves providing specific security services, such as access control or investigations.


3. Write a business plan. A business plan is a document that outlines your business goals, strategies, and financial projections. It is an essential tool for securing funding and attracting clients.


4. Know the legal requirements. There are a number of legal requirements that you must comply with in order to set up a security agency in Singapore. These include:

  • Obtaining a security agency license from the Police Licensing and Regulatory Department (PLRD).

  • Registering your business with the Accounting and Corporate Regulatory Authority (ACRA).

  • Meeting the minimum paid-up capital requirement of $500,000.

  • Providing security guards with the necessary training and certification.


5. Secure funding. Starting a security agency can be a capital-intensive venture. You will need to secure funding to cover the costs of hiring staff, purchasing equipment, and marketing your business.


6. Manage your finances. It is important to carefully manage your finances when starting a security agency. You will need to track your income and expenses closely in order to ensure that your business is profitable.


7. Create a marketing strategy. You will need to create a marketing strategy to attract clients to your security agency. This may include advertising in newspapers and magazines, attending trade shows, or networking with businesses in your target market.


8. Develop a sales strategy. You will also need to develop a sales strategy to convert leads into customers. This may involve cold calling, sending out email campaigns, or meeting with potential clients in person.


Following these steps will help you set up a successful security agency in Singapore. However, it is important to remember that the security industry is highly competitive. You will need to provide high-quality services and maintain a good reputation in order to succeed.


Here are some additional tips for setting up a security agency in Singapore:

  • Choose a good location. Your office should be located in a central location that is easily accessible to your target market.

  • Hire experienced staff. Your security guards should be experienced and well-trained. You should also hire a qualified manager to oversee your operations.

  • Invest in quality equipment. You should invest in quality security equipment, such as CCTV cameras and access control systems.

  • Provide excellent customer service. Your clients should be able to rely on you to provide reliable and professional security services.

By following these tips, you can increase your chances of success in the competitive security industry in Singapore.


Overview of Security Agency Licence


A Security Agency Licence (SA Licence) is required for any business entity that engages in the business of supplying, for reward, the services of security officers to other persons. This includes businesses that provide guarding services, access control services, investigations, and security consulting.

To be eligible for a SA Licence, the business entity must meet the following criteria:

  • It must be a registered business entity with ACRA.

  • It must have at least 2 directors/partners.

  • All directors/partners must be fit and proper persons.

  • It must have a paid-up capital of at least $500,000.

  • It must have a training and development plan for its security officers.

  • It must have a security management system in place.

The application process for a SA Licence is as follows:

  1. The business entity must submit an application form to the Police Licensing and Regulatory Department (PLRD).

  2. The PLRD will assess the application and may request additional information or documentation.

  3. If the application is approved, the PLRD will issue a SA Licence.

The SA Licence is valid for a period of 1 year. The business entity must renew the licence before it expires.

The penalties for operating a security agency without a SA Licence are as follows:

  • A fine of up to $10,000.

  • Imprisonment for up to 6 months.

  • Both a fine and imprisonment.

For more information on the SA Licence, please visit the PLRD website.

Here are some of the benefits of obtaining a SA Licence in Singapore:

  • It allows you to legally operate a security agency in Singapore.

  • It gives you the credibility and trust of your clients.

  • It allows you to access government contracts.

  • It provides you with access to training and development resources.

If you are considering setting up a security agency in Singapore, obtain a SA Licence. It is the most important legal requirement for operating a security agency in Singapore.


Licensing Criteria for Security Agency Licence


The licensing criteria for a Security Agency Licence (SA Licence) in Singapore are as follows:

  • The business entity must be a registered business entity with the Accounting and Corporate Regulatory Authority (ACRA).

  • The business entity must have at least 2 directors/partners.

  • All directors/partners must be fit and proper persons.

  • The business entity must have a paid-up capital of at least $500,000.

  • The business entity must have a training and development plan for its security officers.

  • The business entity must have a security management system in place.

The following are the specific requirements for each of the criteria:

  • Registered business entity with ACRA: The business entity must be registered with ACRA as a company, limited liability partnership, or sole proprietorship.

  • At least 2 directors/partners: The business entity must have at least 2 directors or partners, who must be natural persons.

  • Fit and proper persons: The directors/partners must be fit and proper persons, which means that they must be of good character and have no criminal record. They must also have the necessary experience and knowledge to manage a security agency.

  • Paid-up capital of at least $500,000: The business entity must have a paid-up capital of at least $500,000. This is to ensure that the business entity has the financial resources to operate a security agency.

  • Training and development plan: The business entity must have a training and development plan for its security officers. This plan must ensure that the security officers are properly trained and equipped to perform their duties.

  • Security management system: The business entity must have a security management system in place. This system must ensure that the security agency is managed in a safe and secure manner.

The application process for a SA Licence is as follows:

  1. The business entity must submit an application form to the Police Licensing and Regulatory Department (PLRD).

  2. The PLRD will assess the application and may request additional information or documentation.

  3. If the application is approved, the PLRD will issue a SA Licence.

The SA Licence is valid for a period of 1 year. The business entity must renew the licence before it expires.


The penalties for operating a security agency without a SA Licence are as follows:

  • A fine of up to $10,000.

  • Imprisonment for up to 6 months.

  • Both a fine and imprisonment.

For more information on the SA Licence, please visit the PLRD website.


Apply New Licence


Here are the steps on how to apply for a new Security Agency Licence (SA Licence) in Singapore:


1. Register your business with the Accounting and Corporate Regulatory Authority (ACRA). You can do this online through BizFile+.


2. Obtain a paid-up capital of at least $500,000. This is the minimum amount of money that your business must have in order to be eligible for a SA Licence.


3. Submit an application form to the Police Licensing and Regulatory Department (PLRD). The application form can be found on the PLRD website.


4. Provide the following documents with your application:

  • Business registration certificate from ACRA

  • Memorandum and articles of association (if applicable)

  • Proof of paid-up capital

  • Curriculum vitae of directors/partners

  • Training and development plan for security officers

  • Security management system


5. Pay the application fee of $400.


6. Wait for the PLRD to process your application. This may take up to 45 working days.


7. If your application is approved, you will be issued a SA Licence.


The following are some additional tips for applying for a SA Licence:

  • Make sure that all of your documents are in order before you submit your application.

  • Be clear and concise in your answers to the application questions.

  • Provide as much information as possible about your business and its operations.

  • Pay the application fee on time.


Security Officers Training Requirements


Here are the security officers training requirements in Singapore:

  • Basic Licensing Units (BLUs): All security officers in Singapore must complete the Basic Licensing Units (BLUs). The BLUs are a set of three compulsory security courses that cover the following topics:

    • Guard and Patrol: This course covers the basic skills and knowledge required to perform guard and patrol duties.

    • Access Control Management: This course covers the use of access control systems to control access to premises.

    • Incident Response: This course covers the procedures for responding to security incidents.

  • Additional training: In addition to the BLUs, security officers may also need to complete additional training, depending on the specific duties that they will be performing. For example, security officers who will be working in a high-risk environment may need to complete training in first aid, CPR, or self-defense.

  • Certification: Once security officers have completed the required training, they will be eligible to be certified by the Police Licensing and Regulatory Department (PLRD). Certification is a requirement for all security officers who wish to work in Singapore.

The PLRD has a list of approved training providers that offer the BLUs and other security training courses. You can find the list of approved training providers on the PLRD website.


The cost of security officers training will vary depending on the training provider and the specific courses that are taken. However, you can expect to pay between $500 and $1,000 for the BLUs.


RTT Training Requirement


Here are the RTT training requirements for security officers in Singapore:

  • RTT training is mandatory for all security officers who wish to work in Singapore.

  • The RTT training course is a two-day course that covers the following topics:

    • Awareness of terrorist threats: This module covers the different types of terrorist threats and how to identify them.

    • Observation skills: This module covers the skills and techniques used to observe people and objects for signs of potential threats.

    • Reporting procedures: This module covers the procedures for reporting suspicious activity to the authorities.

  • Security officers who have completed the RTT training course will be issued a WSQ Statement of Attainment in “Threat Observation (Recognise Terrorist Threats)”.

  • The RTT training course is available from approved training providers in Singapore.

  • The cost of the RTT training course will vary depending on the training provider.

The RTT training requirement was introduced in 2020 to improve the skills and knowledge of security officers in identifying and reporting potential terrorist threats. The training course is designed to help security officers to:

  • Be more aware of the different types of terrorist threats.

  • Develop the skills and techniques to observe people and objects for signs of potential threats.

  • Know the procedures for reporting suspicious activity to the authorities.

The RTT training requirement is an important step in improving the security of Singapore and protecting its citizens from terrorist attacks.


Processing Time


The processing time for setting up a security agency in Singapore can vary depending on the completeness of your application and the availability of resources at the Police Licensing and Regulatory Department (PLRD). However, you can expect the processing time to be around 4 to 6 weeks.


Here are some factors that can affect the processing time:

  • Completeness of application: If your application is incomplete, the PLRD will request additional information or documentation. This can delay the processing time.

  • Availability of resources: The PLRD may be experiencing a high volume of applications, which can also delay the processing time.

If you are applying for a Security Agency Licence (SA Licence), you can track the progress of your application online through the GoBusiness Licensing website.


Here are some tips for speeding up the processing time of your application:

  • Make sure that your application is complete and accurate.

  • Provide all of the required documents.

  • Pay the application fee on time.

  • Be patient and understanding. The PLRD is processing your application as quickly as possible.

Fees


Here are the fees involved in setting up a security agency in Singapore:

  • Application fee: The application fee for a Security Agency Licence (SA Licence) is $400.

  • Paid-up capital: The minimum paid-up capital requirement for a SA Licence is $500,000.

  • Training and development fees: The security officers working for your security agency must be trained and certified. The fees for training and certification will vary depending on the training provider.

  • Security management system fees: You will need to implement a security management system in your security agency. The fees for implementing a security management system will vary depending on the system that you choose.

In addition to these fees, you will also need to factor in the costs of:

  • Office space: You will need to rent or lease office space for your security agency.

  • Equipment: You will need to purchase security equipment, such as CCTV cameras and access control systems.

  • Staff salaries: You will need to pay salaries to your security officers and other staff members.

The total cost of setting up a security agency in Singapore will vary depending on the size and scope of your business. However, you should expect to spend at least $50,000 to $100,000 in start-up costs.

Here are some additional tips for reducing the costs of setting up a security agency:

  • Start small: You can start your security agency with a small team of security officers and gradually grow your business over time.

  • Share resources: You can share office space and equipment with other security agencies to reduce your costs.

  • Get government grants: There are a number of government grants available to help businesses set up in Singapore. You can find out more about these grants on the website of the Singapore government.


How Bestar can Help


Bestar is a company that provides a range of services to businesses in Singapore, including setting up security agencies. They can help you with the following:

  • Registering your business with ACRA: Bestar can help you register your business with the Accounting and Corporate Regulatory Authority (ACRA). This is the first step in setting up a security agency in Singapore.

  • Obtaining a Security Agency Licence (SA Licence): Bestar can help you apply for a SA Licence from the Police Licensing and Regulatory Department (PLRD). This is a requirement for all security agencies in Singapore.


Bestar has a team of experienced professionals who can help you with all aspects of setting up a security agency in Singapore. They can provide you with the guidance and support you need to get your business started and running successfully.


Here are some of the benefits of using Bestar to set up your security agency:

  • Expertise: Bestar has a team of experienced professionals who can help you with all aspects of setting up a security agency.

  • Convenience: Bestar can handle all of the paperwork and logistics involved in setting up your security agency, so you can focus on other aspects of your business.

  • Peace of mind: Bestar can help you ensure that your security agency complies with all applicable laws and regulations.


Connect with Us


If you are considering setting up a security agency in Singapore, contact Bestar. We can help you get your business started on the right foot and ensure that it is successful.


Let me know if you have other questions.



poet police.gov.sg e-Services Police Licences Security Agency Licence

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