Singapore Trading Fast Facts

•     16th largest trading nation in the world
•     3,000 international and local logistics and supply chain companies do business in Singapore
•     has a connection to over 600 ports worldwide

 
Setting Up Your Trading Company
As with any other business, you must, first and foremost, incorporate your trading company.
After the successful incorporation of your Singapore Company, you must register with the Singapore Customs. And obtain a Customs Registration (CR) number. You need this in order to import and export goods out of Singapore. The validity of your CR number is until cessation of your operations.
You will then need to apply for the appropriate licenses.
What are the licenses required?

1.    IN Permit through TradeNet ® for goods to be legally imported to Singapore
2.    OUT Permit through TradeNet ® for goods to be legally exported out of Singapore.
3.    Controlled Goods permit (?)
4.    Import Certificate and Delivery Verification (ICDV) is required for certain high technology items.
5.    Strategic Goods Control (SGC) Trade Permit for the export of Strategic Goods e.g. used for weapons of mass destruction.
6.    Certificate of Origin (CO) is a proof that your product is made in Singapore.