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.
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 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 company formation in Singapore.
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:
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 please contact our Singapore company registration representatives.