Tax: up to 7%
Restricted items: Goods of Israeli origin.
Non-working days: Saturday, Sunday, and Public Holidays
Lead times: 2-3 weeks
Best Carrier option: Freight Forwarder or Courier
Prominent Languages: Malay, Tamil, Chinese
The Complexities of Importing into Singapore
Singapore has a booming tech industry. Its status as a free port, political stability, and the prominence of English speakers makes Singapore an enticing destination for many tech companies Asian HQs. It is also a popular destination for datacentres, housing servers for all of the Top 5. While popular, Singapore does have some restrictions on goods, particularly those of Israeli origin. Goods are also taxed, even if they are non-dutiable. The exact point at which these need to be paid depends on the nature of the import transaction. Exporting out of Singapore is even more complex, requiring a number of permits and permissions.
How TecEx Can Help You Import into Singapore
TecEx offers both IOR and EOR services. Whether you are looking to permanently import goods into Singapore, fulfill a temporary import need, or export out we have a solution tailored to your specific requirements. We handle all compliance on your behalf and our reliable in-country team ensures your goods remain in the safest of hands. By providing 100% accurate costing TecEx ensures your upfront costs are accurate and all taxes paid on time and at the right point in the process.
Click here to learn more about what to expect when shipping into Asia.
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