Tax: up to 7%
Duties: 0%
Restricted Items: Country of Origin Prohibitions, Second-Hand and Refurbished Goods Restrictions
Non-working days: Saturday, Sunday, and Public Holidays
Lead Time: 2-3 weeks
Best carrier option: Courier or Freight Forwarder
Prominent Languages: Malay, Tamil, Singaporean Mandarin, and English
Although it’s a favored site for data centers, Singapore does impose certain limitations on goods, particularly those originating from specific countries. Your Importer of Record (IOR) will be able to provide you with information about countries that are restricted from clearing through Singaporean customs.
Items falling under certain HS codes with controlled regulations will also require approval from different Singaporean regulatory bodies. Sometimes, tech imports will also need pre-approval from the Consumer Party Safety Regulation (CPSR) body. TecEx’s comprehensive compliance database for HS codes guarantees that regardless of the component, your equipment will be accurately categorized and authorized as needed.
Goods coming into the country are subject to taxation, even if they aren’t subject to duties in Singapore. The specific timing for these payments depends on the type of shipment. On the other hand, exporting goods from Singapore is even more complex, requiring a number of permits and permissions.
Even with these difficulties, Singapore’s status as a free port and its political stability continue to make it an appealing choice for the headquarters of numerous tech companies. Nevertheless, you’ll still require a locally registered entity to serve as the Importer of Record (IOR) for customs clearance of your tech goods.
Although it’s a favored site for data centers, Singapore does impose certain limitations on goods, particularly those originating from specific countries. Your Importer of Record (IOR) will be able to provide you with information about countries that are restricted from clearing through Singaporean customs.
Items falling under certain HS codes with controlled regulations will also require approval from different Singaporean regulatory bodies. Sometimes, tech imports will also need pre-approval from the Consumer Party Safety Regulation (CPSR) body. TecEx’s comprehensive compliance database for HS codes guarantees that regardless of the component, your equipment will be accurately categorized and authorized as needed.
Goods coming into the country are subject to taxation, even if they aren’t subject to duties in Singapore. The specific timing for these payments depends on the type of shipment. On the other hand, exporting goods from Singapore is even more complex, requiring a number of permits and permissions.
Even with these difficulties, Singapore’s status as a free port and its political stability continue to make it an appealing choice for the headquarters of numerous tech companies. Nevertheless, you’ll still require a locally registered entity to serve as the Importer of Record (IOR) for customs clearance of your tech goods.
How TecEx Can Help You Import into Singapore
TecEx provides both Importer of Record (IOR) and Exporter of Record (EOR) services. Whether you’re aiming to bring goods into Singapore on a long-term basis, meet a temporary import requirement, or export items out of the country, we have a solution customized to your needs. Our team takes care of all the necessary regulations, and our trustworthy in-country experts ensure the safety of your goods. With TecEx, you get precise cost estimates, guaranteeing accurate upfront expenses and timely tax payments at every stage of the process.
Priding itself as a frontrunner on the global tech stage, Singapore secured the 4th position in the 2022 Global Innovation Index. To boost its flourishing digital economy and tackle the increasing dependence on digital technology, the Singaporean government has been pushing to construct a digitally resilient economy and develop skills in crucial technological industries.
Boasting up to 64 offshore islands surrounding the mainland, Singapore emerged as the pioneer in Asia to introduce a 5G network. In a bid to enhance its network infrastructure, Singapore is actively channeling investments into the advancement of subsea cables, with the goal of achieving complete 5G coverage across the nation by 2025.
If you’re dealing with shipping tech products to and from Singapore, TecEx is the IOR partner you want. We’ve got a solid relationship with Singapore’s customs and regulations authorities, which means we can ensure your goods get cleared through customs easily on their first try in this country.
Your global trade solution for Singapore
Fill in the form to get in touch, and our expert team will contact you with a bespoke customs compliance solution to suit your needs.
Fill in the form to get in touch, and our expert team will contact you with a bespoke customs compliance solution to suit your needs.