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Manufacturing Machinery and Equipment in Singapore

Updated on Friday 04th January 2019

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Manufacturing-Machinery-and-Equipment-in-SingaporeThe manufacturing industry in Singapore

Accounting for 25% of the city-state’s economy, the manufacturing sector is a key component of Singapore’s economy. Also, machinery and equipment are among the most exported goods by Singapore companies. Electronic equipment represents approximately 50% of the Singapore’s total exports at the moment. Foreign companies are also interested in setting up subsidiaries in Singapore because of the strong regulatory framework in the manufacturing industry and the city-state’s infrastructure and logistics facilities.

The Certificate of Origin for manufacturing machinery and equipment in Singapore

All enterprises manufacturing machinery and equipment in Singapore are required to obtain a Certificate of Origin for the goods they produce. The Singapore Manufacturing Federation is authorized by the Singapore Customs to issue and certify Certificates of Origin and other relevant documents for companies manufacturing equipment, according to Section 3 in the Exportation Order from 1971.  Certificates of Origin are classified into the following types:

  • - Ordinary Certificates of Origin,
  • - Preferential Certificates of Origin.

Ordinary Certificates of Origin are issued for machinery and equipment produced in Singapore for exports. Preferential Certificates of Origin are issued in order to improve the export of certain products by allowing buyers to apply for preferential tariff treatment under Free Trade Agreements. Singapore Customs authorized the following organizations to issue Certificates of Origin. For details on where you can obtain a Certificate of Origin you may ask our specialists in opening companies in Singapore.

Obtaining a Certificate of Origin with the Singapore Customs

Singapore companies manufacturing machinery and equipment may obtain Ordinary and Preferential Certificates of Origin with the Customs authorities in the city-state. In order to apply for a Certificate of Origin, a company must follow the next steps:

  • - register the company’s manufacturing premises,
  • - submitting the manufacturing cost statement,
  • - apply for the Certificate of Origin through TradeNet.

Representatives of Customs authorities will first inspect the Singapore company’s manufacturing premises and then will issues the Certificate of Origin.

For information about the city-states Free Trade Agreements with other countries or for complete details on how to open a company in Singapore, please contact our company registration representatives.

 

Why choose us?

Roger Pay is the Managing Director of Bestar and an experienced company formation consultant. He will help you open your company in Singapore as fast as possible. 

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As a Bestar clientyou will benefit from the joint expertise of local lawyers and consultants for opening an offshore company in Singapore.

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Call us now at +65 97236684 in order to set up an appointment with our consultants in Singapore

 
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