Do I need a business license to open a Shopee store? What are the conditions?

Nowadays, if many individuals want to engage in cross-border e-commerce, they will basically choose the Shopee platform, because this platform can support individuals to open stores without registering a company. So, do individuals need a business license to open a store on the Shopee platform? Let's find out below.

Do I need a business license to open a Shopee store?

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Shopee does not support individual store openings, which means that only companies with corporate qualifications can apply for entry. When entering a Shopee store, you must provide your company's business license, which is also a restriction threshold for platform merchants. After all, companies have higher credibility than individuals, and are more secure in selling goods and services.

There are certain requirements for opening a store on Shopee. You cannot just register a store casually. To register a store, you must meet the following conditions:

1) Enterprises must have a business license to enter Shopee. The business license can be a business license from mainland China or Hong Kong;

2) The products sold by the seller must comply with the national export policy and the import requirements of the target country;

3) Product SKU quantity requirement: the number of SKUs should not be less than 200;

4) Screenshots of the store's order flow or cash flow. Screenshots of the overall data for the past three months are sufficient;

5) Screenshot of product quantity in the ERP system or store backend system;

As long as you meet some of the above conditions, it is relatively easy to enter Shopee. Moreover, Shopee's sales costs are very low, which attracts many sellers to open stores. According to the rules, except for the $315 fee for registering the store business with ACRA, it is completely free for merchants to sell products on Shopee. There is no registration fee to open a store on Shopee, and more importantly, there is no commission. Yes, you read that right. Shopee does not charge commission fees and provides free delivery. As for the delivery of large items, the platform cooperates with third-party logistics providers, so it saves a lot of energy for sellers. Shopee also provides guarantees for both buyers and sellers to ensure the completion of the transaction.

To open a Shopee store, an individual needs a self-employed business license. Although you do not need to register as a company, individuals can only register as self-employed business owners. Therefore, it is generally recommended that individuals register a company before registering. After all, registering as a company will give you more permissions.

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