SSIC 63119 Data analytics, processing and related activities n.e.c.
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Understanding SSIC 63119
The SSIC 63119 classification pertains to data analytics, processing and related activities n.e.c.. This official code is mandatory when registering a business entity with ACRA (Accounting and Corporate Regulatory Authority) in Singapore.
Key Characteristics:
- Compliance with the Personal Data Protection Act (PDPA) regarding data collection, use, and disclosure.
- Common business structures include Private Limited Companies (Pte Ltd) due to liability protection and scalability.
- Regulatory requirements include adhering to cybersecurity standards and potential licensing depending on the nature of data handled (e.g., healthcare data).
Common Business Operations
Data processing and hosting activities (excluding online marketplaces and financial institutions) in Singapore, involving the provision of infrastructure for hosting, data processing, and related services.