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Singapore’s free-trade zones are special economic zones that provide enterprises operating within them with preferential customs and tax status. Take advantage of several tax breaks and simplified customs regulations when you make Singapore your preferred export hub.
All goods imported into, exported from or transhipped via Singapore can only be moved through authorised piers and places, e.g. Free Trade Zones (FTZs), land checkpoints and other authorised piers and places. The landing of goods at any other location is prohibited.
Free Trade Zones (FTZs) in Singapore facilitate entrepot trade and transhipment activities. All goods imported by sea or air must first be deposited in a FTZ. If it is not practical to do so, you may be allowed to deposit the goods in Customs’ approved premises such as licensed warehouses.
Singapore boasts nine distinct free trade zones, each presenting unique opportunities and fee structures. The two most popular FTZs in Singapore are : Changi Airport (air-freight) Jurong Port (sea-freight)
In this guide, we will discuss what are free-trade zone in Singapore, how they are regulated, what are their advantages, and which permits or licenses your company requires to operate within free-trade zones in Singapore.
26 mar 2024 · GST Guide for Free Trade Zones, Warehouses and Excise Factories . 3. Free trade zones (FTZs) 3.5 FTZs are designated areas in Singapore where goods can be imported and sold or exported without the need to account for customs or excise duties or GST. FTZs are meant to encourage entrepot trading. The
Dimerco’s warehouse in Singapore is located within a free trade zone (FTZ). Your products are exempt from duty and taxes until they are released from the facility. In a Singapore FTZ, there is no limit to non-dutiable storage time for both bonded and FTZ warehouses.
