Membership FAQ

For payment of SBF membership fees and activities, a number of payment or collection options are available.
 
United Overseas Bank Ltd (UOB)
UOB Main Branch, 80 Raffles Place, UOB Plaza 1, Singapore 048624 

DBS Bank Ltd (DBS)
DBS Asia Central, 12 Marina Boulevard, Marina Bay Financial Centre Tower 3 Singapore 018982


Payment or Collection Options


UOB


DBS


Preferred payment option

Online Payment via bank’s website or mobile app
Please visit UOB or DBS or their mobile apps, select “Bill Payment” under the Billing/Paid Organisation
(Document reference: Please key in the full 8 digits of tax invoice no)


Other payment options

Credit Card 


Please log in to SBF Member's Login Page to make payment.

Direct Bank Transfer

Bank / Branch Code : 7375 / 018
Account No : 118-313-180-5

Bank / Branch Code : 7171 / 003
Account No : 003-924191-7

Telegraphic Transfer
(For overseas payment only)

Bank / Branch Code : 7375 / 018
Account No : 118-313-180-5
Swift Code : UOVBSGSG

Bank / Branch Code : 7171 / 003
Account No : 003-924191-7
Swift Code : DBSSSGSG

Interbank Giro Transfer
(For SBF subscription fee only)

UOB Giro Form

This option is not available.

Credit Card and Nets Terminals at SBF Office


You may drop by during office hours to make payment.
Our office address and opening hours can be found here. 

Cheque

Cheques should be crossed and made payable to "Singapore Business Federation"




Under the SBF (Exemption) Order, companies that do not have any employees in the preceding year may submit an application for exemption by submitting its director’s declaration and relevant supporting documents. 

As membership is statutory and subscription fee is due annually on 1 January of each year, eligible members need to apply for exemption every year by the stipulated deadline. Exemption forms can be downloaded here. Please refer to table below for an example.

 Exemption/
 Subscription Year

Qualifying Period

Timeline

2015 (1 January to 31 December 2015)

1 January to 31 December of year 
preceding exemption year

1 October to 30 November of year preceding exemption year

 Any year subsequent to 2015

1 January to 31 December of year 
preceding exemption year

1 November to 30 November of year preceding exemption year

  • All rates quoted are inclusive of 7% GST.
  • Any organisation which becomes a Member during any part of the Official Year shall pay the annual or periodic subscription fee pro-rated from the date commencing from the month in which the member is notified of admission to membership up to end of that Official Year.
  • Any Member which ceases to be a Member shall not be entitled to a refund of entrance fee or any part of the subscription fee paid for that Official Year.

The Singapore Business Federation (SBF) is the apex business chamber championing the interests of the Singapore business community in the areas of trade, investment and industrial relations. It represents 24,200 companies, as well as key local and foreign business chambers. 

In July 2001, the Minister for Trade and Industry introduced a Bill in Parliament to establish the SBF Act, which was passed by Parliament and became law on 5 Oct 2001. The Federation was then established on 1 April 2002, with the aim of representing the business community’s interests both locally and overseas. Under the SBF Act, all Singapore-registered companies with share capital of S$0.5 million and above are members of SBF.

Our 3 Key Functions
  • We are the bridge between Singapore’s business community and the Government
  • We are the business community’s representative in building bilateral, regional and multi-lateral relationships
  • We are a key provider of capacity-building initiatives and services for Singapore businesses

To date, SBF has more than 24,200 corporate Members representing different sectors of the economy. There are three categories of SBF members: Statutory Members, Constituent Members and Associate members.

Statutory Members, according to Section 5 of the SBF Act, are any Singapore-registered local and foreign companies with paid-up or authorised share capital of S$0.5 million and above.

Constituent Members are any organisations in Singapore, including chambers of commerce and industry, which represents the interest and welfare of any local or foreign business group(s) or local or foreign community group(s).

Associate Members are any organisations, including societies, sole proprietorships, partnerships, associations, statutory bodies, government agencies, overseas business or economic organisations or unincorporated bodies, which choose to be members or are appointed as members. Organisations which would like to join SBF may submit an online application.




SBF organises and supports more than 500 events and activities, benefitting some 68,000 participants every year. Each year, SBF leads some 40 out-going business missions and receives over 100 in-coming business delegations. Detailed benefits are listed here


The SBF Members’ Login page allows members’ to update company data, preview current year’s transactions and outstanding invoices.

Members will also be able to register and pay for SBF related activities online. Register for an account here


Members can e-mail to our Members Relations Division to request login details. 




Please refer to the SBF Member Portal Guide.




Please click here to find out how to unsubscribe from the SBF database.


The annual or periodic subscription fee is due every year on or before 1st January. If the annual or periodic subscription fee is not paid on the due date, interest for late payment will be charged on the unpaid annual or periodic subscription fee from the due date until the date of actual payment. Arrears of annual or periodic subscription fees and interest on late payment may be recovered from the Member by the SBF Council by an action for a debt in any court of competent jurisdiction.


The annual subscription fees are as follows:

Statutory Members

 Paid Up Capital / Authorised Share Capital

Annual Fees*

 S$10m & above

S$856

 S$5m - less than S$10m

S$642

 S$1m - less than S$5m

S$428

 S$0.5m - less than S$1m

S$321

Associate Members

 Category of Companies

 Entrance Fees*

Annual Fees*

 a.

Local companies with paid up share capital of less than S$0.5m

S$321

S$321

 b.

Foreign companies registered in Singapore with authorised share capital of less than S$0.5m

S$321

S$321

 c.

Associations / Chambers / Societies registered 
in Singapore

S$321

S$1070

 d.

Local and / or foreign organisations not falling under 
(a) or (b) or (c) above**

S$321

S$535

*All fees are inclusive of 7% GST
**Includes Business Firm (sole-proprietorship or a partnership), Limited Liability Partnership (LLP), etc.

Note:
1. Membership is charged on annual basis. An invoice will be sent to the company on each anniversary date of joining for membership renewal.
2. Entrance and subscription fees paid are not refundable on termination of membership.
3. The membership with SBF will be automatically renewed annually unless SBF is notified (in writing) by the company of the intent to terminate the membership at least one month in advance. Subscription fees are payable up to the date of receipt of the termination notice.


If the company of a Statutory Member is liquidated, has ceased operations or de-registered under the Companies Act, it may submit relevant supporting documents to SBF for processing.

In accordance to Article 11.4 of SBF Constitution, an Associate Member may terminate its membership with the Federation by giving the Council at least one month’s written notice of termination.

Locate Us

add
ADDRESS
160 Robinson Rd #06-01
SBF Center, Singapore 068914
phone
PHONE
+65 6827 6828
OPERATING HOURS

Mondays to Thursdays: 8.45 am to 6.00 pm

Fridays: 8.45 am to 5.00 pm
Weekends & Public Holidays: Closed