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Relocation in Singapore

Updated on Friday 04th January 2019

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Relocation-in-SingaporeCosts of living when relocating to Singapore

When relocating to Singapore, one of the biggest concerns is the living costs. Singapore addresses both average and high net worth individuals, as salaries are competitive and relocation facilities are given to those working within certain companies in the city-state. Expatriates may also benefit from relocation packages when working for a Singapore company, such as transportation allowances, housing and childcare, and other work-related compensations. Also, many surveys show Singapore as a cheaper city than Beijing and Hong Kong. Also, due to the tax facilities, Singapore is one of the most desired cities in the world to live and work in.

Importing household goods when relocating to Singapore

Foreign citizens moving to Singapore can import their household goods duty-free. However, they must know that cars, liquor and tobacco are subject the goods and services tax (GST), the equivalent of the value added tax in Europe.  In order to import household goods duty-free in Singapore the following conditions must be respected:

  • - the foreign citizens owns the goods for at least three months,
  • - the shipment is done by air or sea,
  • - the goods are brought within the first six months from relocating to Singapore,
  • - the foreign citizen wants to become a Singapore citizen.

Foreign citizens must also submit with the Singapore Customs Authorities:

  • - a Personal Effects Exemption Declaration,
  • - a Declaration of Facts,
  • - a copy after their valid passport,
  • - the Singapore employment or residence visa,
  • - the landing or airway bill.

Foreign citizens may also import their car to Singapore provided that they apply for GST payment and duty permits. Our specialists in company formation in Singapore will provide details about the necessary documents for importing your car when relocating.

Accommodation when relocating in Singapore

Relocation to Singapore also implies finding the right accommodation. Singapore provides a wide range of real estate property foreign citizens may choose from depending on their needs and financial status. The real estate market in Singapore is divided into the public and private sector. Expatriates can also opt for a HDB (Housing and Development Board) accommodation in the public sector provided that they meet certain criteria. Among the types of apartments available for foreign citizens in the private sector are condominiums and bungalows.

You can contact our experts in opening companies in Singapore for real estate procedures and other relocation services.

 

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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