multi level marketing

 

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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