MLM In
Singapore
Legislations In May
2000, the Ministry of Industry and Trade, Singapore finally
allowed Network Marketing companies to conduct their businesses
in Singapore. In order to ensure that proper network
marketing business is carried out in Singapore, the ministry
published the MULTI-LEVEL MARKETING AND PYRAMID SELLING
(PROHIBITION) ACT (CHAPTER 190) and the MULTI-LEVEL MARKETING
AND PYRAMID SELLING (EXCLUDED SCHEMES AND ARRANGEMENTS) ORDER
2000. Click Here for FAQs on Multi-Level Marketing and
Pyramid Selling …… http://app.mti.gov.sg/default.asp?id=567
A Legitimate
Business
Any Network Marketing company wanting to
start its business in Singapore will hire its own lawyers to
run through the legislations to ensure that the company’s
system and structure do not violate any part of the
legislation. Once everything is in order, the company will
register with the Registry of Company to run the business in
Singapore like any other entity. The authorities will only
step in to investigate, should they receive complaints from the
public, and will close down the operations if it finds the
company flouting the law. With such a set of stringent
guidelines, more and more legitimate network marketing
businesses continue to be established here in Singapore,
allowing Singaporeans to create another source of
income.
Here to
Stay
In Singapore, generally people are very
cautious about signing up with a network marketing company to
promote their products and services. With the government
and its legislations, over the years it has definitely weeded
off illegitimate companies set up to deceive people to part
with their hard-earned money and valuable time. Network
Marketing is definitely here to stay….ride on this wave today.
Click here.
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