Licence for Debt Collection Business

Apply for Licence for Debt Collection Business

Singapore Police Force (SPF)

For Business Users only

This licence is only for business users with a registered Unique Entity Number (UEN).

Application Details

This is for persons who wish to apply for a debt collection business licence. Under the Debt Collection Act 2022, a licence may be required when the business involves debt collection, e.g. collecting debt from a debtor on behalf of another person.

FAQ

Where may I obtain more information on a Debt Collection Business Licence?
More information can be found HERE
Who can apply on behalf of the company?
If you have just updated ACRA for changes related to your Company's details, please allow for at least one working day for the changes to take effect before you submit any application in GoBusiness with relation to these changes. This waiting time is required to allow for the updates to be synchronised for GoBusiness’ system verification.
An applicant applying on behalf of the business must hold one of the following positions:
For Entity Type:
Limited Liability Partnership
Eligibility Criteria:
The applicant must be a Partner or Manager.

For Entity Type:
Company
Eligibility Criteria:
The applicant must be the Managing Director, Chief Executive Officer, or a Director.

For Entity Type:
Business (Sole Proprietor/Partnership)
Eligibility Criteria:
The applicant must be the Sole Proprietor or a Partner.

For Entity Type:
LP
Eligibility Criteria:
The applicant must be a Partner.
What are the supporting documents needed?
No supporting document is required.
What are the declarations required?
The applicant must make the following declarations when he applies for a licence:
a) Declaration on whether the applicant’s business is able to pay all its debts;
b) Declaration on whether the applicant’s business has gone and/or is likely to go into compulsory or voluntary liquidation.