Jurong is one of the most recently developed and prolific areas in Singapore, while Jurong Port is one of the best free zones in the city-state. The main attributes and also advantages of Jurong Port is the access to the rivers Jurong and Sungei. The two rivers are also the main reasons foreign investors set up trading companies in this part of Singapore.
If you are interested in opening a company in Jurong Port, our company formation specialists in Singapore can assist you.
The video below shows how foreign investors can open a company in Singapore, in Jurong Port:
Why open a Singapore company in Jurong Port?
Jurong Port was designed to cater to the requirements of foreign investors seeking to open companies here and to the needs of trading companies interested in distributing goods in Southeast Asia. Jurong Port is also one of Singapore’s free trade zones and thus it offers the possibility of setting up free zone companies here.
Jurong Port is made up of the main port which offer facilities related to general and bulk cargo, but it also has a container terminal. Jurong Port is also home to the Marine Offshore Center dedicated to terminal services for companies operating in the maritime industry.
Our Singapore company formation agents can offer more information on how to establish a free zone company in Jurong Port.
Open a company in Singapore in Jurong Port
Foreign investors who want to set up a company in Jurong Port must start by registering their company with the Accounting and Corporate Regulatory Authority in Singapore. Our local consultants can carry out the company registration process on their behalf.
Once the Singapore company is incorporated, it must register with the Customs Authorities in Jurong Port and apply for the import and export permits. Special requirements apply for companies registered in Jurong Port which will import controlled goods into Singapore.
The main advantage of opening a company in Jurong Port is that it will not pay the GST or any customs duties for the goods imported in the free zone. Moreover, no permits are required for non-controlled goods brought into the country.
For assistance in registering a company in Jurong Port, do not hesitate to contact our Singapore company formation representatives in the city-state.