Singapore Free Trade Zone
Register your trading company in Singapore Free Trade Zone.
Free Trade Zone in Singapore
Singapore’s Free Trade Zones (FTZs) serve as specialized areas fostering trade and trans – shipment activities for companies. Within these FTZs, the requirement to pay duties and taxes for goods is temporarily suspended upon their arrival, storage, or sale.
Register a Company in Singapore FTZ
For companies seeking a Singapore free trade zone warehouse within an FTZ, a minimum paid-up share capital of S$100,000 is mandatory. Conversely, those in need of only office space must maintain a paid-up share capital of S$50,000. This capital is required to be deposited within the company’s initial operational year, and the company is permitted to utilize it for business expenses.
Explore our guide on how to get our company registered in Singapore.
Requirements to Open a Company in Singapore FTZ
The visa or ID card of the founder needs to be obtained.
The necessary financial commitment will be determined based on the company’s earnings.
The company’s name must be officially registered with the Trademark Registry.
The foundation’s articles are a mandatory requirement.
If a company utilizing a Free Trade Zone (FTZ) requires a Singapore FTZ warehouse, it must have a paid-up share capital of at least $100,000.
Individuals seeking only a coworking space should have an initial capital of at least S$50,000.
Policies of FTZs in Singapore
Frequently Asked Questions
A foreign-trade zone refers to a specified area where businesses can employ unique customs procedures to promote domestic activity and enhance value – competing effectively with foreign alternatives.
This is achieved by permitting deferred or reduced duty payments on foreign goods, along with other cost-saving measures.
Currently, there are nine Singapore free trade zones.
- Airport Logistics Park of Singapore
- Brani Terminal
- Changi Airport Cargo Terminal Complex
- Jurong Port (including Pulau Damar Laut)
- Keppel Distripark
- Keppel Distripark Linkbridge
- Pasir Panjang Terminal
- Sembawang Wharves
- Tanjong Pagar Terminal and Keppel Terminal
The activities varies upon the city location and types of industries permitted for that location. To know more, visit our list of free trade zones.
There are two things to be researched before choosing the free trade zone.
1) To assess the level of international trade in the area and if there is a need for zone services for local companies
2) To determine if is an existing zone(s) adjacent to the port of entry that will already serve companies needs.
Singapore boasts nine distinct free trade zones, each presenting unique opportunities and fee structures.
Two most popular FTZs in Singapore are :
- Changi Airport
- Jurong Port
The Singapore Free Trade Zones Act, established in 1966, designates nine free trade zones across the country. Below are the regulations.
- The potential consequences for not following the rules set by free zone officials.
- The Free Zone Steering Committee, the Head of Singapore Customs, and the Minister for Business and Commerce are responsible for overseeing corporate activities in free trade zones.
- Companies in free zones must obtain the necessary licenses and authorizations for manufacturing and distributing goods.
- Enterprises within Singapore’s free zones are permitted to offer specific services as outlined by regulations.