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FOZL Knowledge Hub

FOZL Knowledge Hub

Everything you need to know about setting up and succeeding in Singapore

Singapore retains its top spot as the world's most powerful passport

Singapore retains its top spot as the world's most powerful passport
Singapore retains its top spot as the world's most powerful passport

 

Singapore and Japan are tied for first place

Visa-free entry to 189 countries

Singapore and Japan in the Henley Passport Index

Maintain a leading position

 

 

Have visa-free or visa-on-arrival access to 189 countries

Passport power and global mobility

The latest ranking is based on exclusive data from the International Air Transport Association (IATA)

Marks Japan's 18-month winning streak

Previously, Germany dropped from its long-held

Top spot in early 2018

Singapore since January 2018

Has consistently held either the first or second position

From sharing the top spot with Japan and Singapore last quarter

South Korea now joins Finland and Germany

In second place in the index

 

 

Citizens of all three countries

Are able to enter 187 global destinations without prior

Visa

Henley & Partners Managing Partner for Singapore

And Head of Southeast Asia, Dominic Volek, said

Asia's global mobile entrepreneurs and investors

Are increasingly considering alternative residences or citizenships

These programs are becoming increasingly sought after

 

Singapore FOZL Group for

A corporate advisory firm licensed by the Accounting and Corporate Regulatory Authority of Singapore

Singapore company registration, annual review, accounting

Trademark registration, internal audit, corporate advisory

 

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Relevant Knowledge

【Licensing】Food Import Licence

All companies wishing to import, export, or trans-ship food products must be registered and licensed by the Singapore Food Authority in accordance with the relevant laws of Singapore.

【Licensing】Custom Registration

Companies registered in Singapore can directly engage in international trade. If a company intends to import products into Singapore, the goods must undergo customs clearance upon arrival. This requires the company to submit an application to Singapore Customs in advance and obtain the necessary registration or permits. Once the customs registration is approved, logistics companies or customs brokers can declare the goods to Singapore Customs on behalf of your company, pay Goods and Services Tax (GST), and import the goods into Singapore.

【Licensing】13R & 13X

For investments in Asia and the Pacific, Singapore is an important base for family offices, private equity, real estate, and hedge fund managers.

【Licensing】Ship Registration

The Singapore ship registration system is administered by the Maritime and Port Authority of Singapore (MPA). The following outlines the eligibility, procedures, and documentation requirements for registering a vessel in Singapore.

【Licensing】Fund Management Licence

Under the Singapore Securities and Futures Act, if a company wishes to carry out (regulated) fund management services in Singapore in either of the two forms mentioned below, then the company must apply for a fund management company licence to the Monetary Authority of Singapore (MAS) or the company must hold a capital markets licence.

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