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Always consult a qualified professional before acting on any information provided.",[1110,1112],{"_key":1096,"_type":188,"externalUrl":1111,"linkType":145},"\u002Ftnc\u002Fmaster-service-agreement",{"_key":1104,"_type":188,"externalUrl":1113,"linkType":145},"\u002Fpricing",{"body":1115,"eyebrow":528,"heading":1116,"image":1117,"link":1122},"Find out how Aspire can help you speed up your end-to-end finance processes from payments to expense management.","Supercharge your finance operations",{"_type":154,"alternativeText":1118,"height":1119,"url":1120,"width":1121},"A person working at a laptop with an open notebook beside them",1026,"https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002Fd84bbcbad1e6ba37331742538394d1b0\u002F69d5f2a347377654dbe286ac_blog-post-template-04-q70.webp",1048,{"_type":143,"externalUrl":1083,"label":1123,"linkType":145},"Talk to sales",[1125,1134,1145,1155],{"_id":1126,"category":1127,"coverImage":1128,"description":1131,"publishedAt":1132,"slug":1133,"title":1129},"blogPost-SG-6aa81a1539b471392a83d4cd",{"slug":591,"title":592},{"_type":154,"alternativeText":1129,"url":1130},"Aspire Launches Aspire Account-Opening Integration With Osome","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002F4a31adfeaddefdf9b7f4ef5f566c00ad\u002F6aa81a1339b471392a83d438_Aspire-Osome.jpeg","Aspire and Osome partner to enable faster Business Account opening","2026-09-16T00:00:00.000Z","aspire-osome-account-opening-integration",{"_id":1135,"category":1136,"coverImage":1139,"description":1142,"publishedAt":1143,"slug":1144,"title":1140},"blogPost-SG-6a8c6a9a178cfe861275b350",{"slug":1137,"title":1138},"finance-tools","Finance Tools",{"_type":154,"alternativeText":1140,"url":1141},"Stripe payment processing for Singapore businesses: Setup, fees, and alternatives","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002Fcb6607760ee020276ebb5087fbf64245\u002F6a8c6a98178cfe861275b2fb_EXPENSE-MGMT-49.jpeg","Learn how Stripe works in Singapore, how to set it up, fees and payouts, accepted payment methods, and options for growing businesses.","2026-09-09T00:00:00.000Z","stripe-payment-processing-singapore-businesses",{"_id":1146,"category":1147,"coverImage":1150,"description":1153,"publishedAt":1143,"slug":1154,"title":1151},"blogPost-SG-6a95a525d8f437f2334d1202",{"slug":1148,"title":1149},"business-advice","Business Advice",{"_type":154,"alternativeText":1151,"url":1152},"Payroll outsourcing in Singapore: What founders need to know","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002F4ab5f167b1dd7ea6df896c17cf95674e\u002F6a95a521d8f437f2334d113d_PAYMENTS-14.jpeg","Learn about payroll outsourcing, including costs, services, benefits, risks, and how to choose the right provider for your business in Singapore.","payroll-outsourcing-singapore-explained",{"_id":1156,"category":1157,"coverImage":1158,"description":1161,"publishedAt":1143,"slug":1162,"title":1159},"blogPost-SG-6a95a538fb9a05eaf4b9774c",{"slug":1148,"title":1149},{"_type":154,"alternativeText":1159,"url":1160},"Global payroll outsourcing: How it works for Singapore businesses in 2026","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002Fbe849a3e08f8d5d0a5bcbbffb5b2ba7b\u002F6a95a537fb9a05eaf4b97747_PAYMENTS-45.jpeg","Learn how global payroll outsourcing works for Singapore businesses, from local payroll requirements and compliance to EORs and choosing the right provider.","global-payroll-outsourcing",{"data":1164,"sourceMap":-1},{"_id":1165,"_updatedAt":1166,"alternates":1167,"areSourcesShown":152,"author":1169,"body":1178,"category":1548,"coverImage":1551,"excerpt":1556,"faq":246,"intro":1565,"isFaqShown":152,"isSummaryShown":152,"isVideoShown":152,"publishedAt":1599,"reviewer":246,"seo":1600,"slug":1602,"sources":246,"title":1552,"video":246},"blogPost-SG-65a9e9bbd0bdabb429b1e24a","2026-09-30T08:09:45Z",[1168],{"canonicalUrl":246,"isNoIndex":246,"language":246,"market":84,"pathPrefix":246},{"avatar":1170,"bio":1174,"doesServePage":141,"linkedinUrl":1175,"name":1171,"role":1176,"slug":1177,"twitterUrl":246},{"_type":154,"alternativeText":1171,"height":1172,"url":1173,"width":1172},"Marissa Saini",500,"https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fimages\u002Fef51df5d9780524a4e5d1e3f7bd34a8d\u002F64a3e49ca64f590530e7b9f2_Marissa-Saini.jpg","Marissa is a seasoned writer and an avid trendspotter across business finance, personal finance, travel and lifestyle industries. With writing history at SingSaver, INK, and ohmyhome, Marissa leverages her broad range of experiences to simplify finance and make readers financially savvy.","https:\u002F\u002Fwww.linkedin.com\u002Fin\u002Fmarissa-saini-b2b1b713b\u002F","Writer","marissa-saini",[1179,1189,1194,1209,1217,1221,1229,1238,1268,1276,1294,1302,1332,1340,1359,1367,1375,1385,1393,1401,1409,1417,1425,1437,1449,1461,1473,1503,1533],{"_key":1180,"_type":170,"children":1181,"markDefs":1187,"style":1188},"k3",[1182],{"_key":1183,"_type":174,"marks":1184,"text":1186},"k2",[1185],"strong","What is a trading company?",[],"h2",{"_key":1190,"_type":154,"height":1191,"position":1192,"url":1193,"width":158},"k4",1067,"center","https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fblog\u002F235c2331ea078f2ed9db76e6158ae2fa\u002Feverything-you-need-to-know-about-forming-a_body_everything-you-need-to-know-about_1.png",{"_key":1195,"_type":170,"children":1196,"markDefs":1206,"style":190},"k11",[1197,1201],{"_key":1198,"_type":174,"marks":1199,"text":1200},"k9",[],"A trading company is essentially a business entity that is set up for the sole purpose of importing and exporting business. These companies may specialise in a specific range of products, maintain a stock or a shop, and deliver products to customers. Since the nature of operations is rather unique in comparison to regular business structures, trading companies need to comply with specific regulations issued by the ",{"_key":1202,"_type":174,"marks":1203,"text":1205},"k10",[1204],"k6","Singapore Customs.",[1207],{"_key":1204,"_type":188,"externalUrl":1208,"linkType":145},"https:\u002F\u002Fwww.customs.gov.sg\u002F",{"_key":1210,"_type":170,"children":1211,"markDefs":1216,"style":1188},"k14",[1212],{"_key":1213,"_type":174,"marks":1214,"text":1215},"k13",[1185],"How to Set Up a Trading Company in Singapore",[],{"_key":1218,"_type":154,"height":1219,"position":1192,"url":1220,"width":158},"k15",1068,"https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fblog\u002F36b60144ee0ed9459e005e6a3f194372\u002Fshared-sg_body_shared-body_2.png",{"_key":1222,"_type":170,"children":1223,"markDefs":1228,"style":190},"k18",[1224],{"_key":1225,"_type":174,"marks":1226,"text":1227},"k17",[],"Here’s a step-by-step breakdown to guide you through the process.",[],{"_key":1230,"_type":170,"children":1231,"markDefs":1236,"style":1237},"k21",[1232],{"_key":1233,"_type":174,"marks":1234,"text":1235},"k20",[],"1. Incorporate a Trading Company",[],"h3",{"_key":1239,"_type":170,"children":1240,"markDefs":1263,"style":190},"k34",[1241,1245,1250,1254,1259],{"_key":1242,"_type":174,"marks":1243,"text":1244},"k29",[],"In order to start a trading company in Singapore, you have to register your business under the",{"_key":1246,"_type":174,"marks":1247,"text":1249},"k30",[1248],"k23"," Accounting and Corporate Regulatory Authority (ACRA) ",{"_key":1251,"_type":174,"marks":1252,"text":1253},"k31",[],"through BizFile, its online filing and information retrieval system. Since the entire process is computerised, ",{"_key":1255,"_type":174,"marks":1256,"text":1258},"k32",[1257],"k26","company incorporation",{"_key":1260,"_type":174,"marks":1261,"text":1262},"k33",[]," can be completed as early as two days after the application has been submitted.",[1264,1266],{"_key":1248,"_type":188,"externalUrl":1265,"linkType":145},"https:\u002F\u002Fwww.acra.gov.sg\u002F",{"_key":1257,"_type":188,"externalUrl":1267,"linkType":145},"https:\u002F\u002Faspireapp.com\u002Fblog\u002Fcompany-incorporation-in-singapore",{"_key":1269,"_type":170,"children":1270,"markDefs":1275,"style":1237},"k37",[1271],{"_key":1272,"_type":174,"marks":1273,"text":1274},"k36",[],"2. Register with Singapore Customs",[],{"_key":1277,"_type":170,"children":1278,"markDefs":1292,"style":190},"k45",[1279,1283,1288],{"_key":1280,"_type":174,"marks":1281,"text":1282},"k42",[],"Once the trading company has been registered under ACRA, the next step would be to register with ",{"_key":1284,"_type":174,"marks":1285,"text":1287},"k43",[1286],"k39","Singapore Customs. ",{"_key":1289,"_type":174,"marks":1290,"text":1291},"k44",[],"Before being granted permission to import\u002Fexport goods into and out of Singapore, both importers and exporters need to activate their account with Customs as an indication of an operating business entity. Once registration is deemed successful, a letter of approval will be issued and will be valid for as long as the trading company exists in Singapore.",[1293],{"_key":1286,"_type":188,"externalUrl":1208,"linkType":145},{"_key":1295,"_type":170,"children":1296,"markDefs":1301,"style":1237},"k49",[1297],{"_key":1298,"_type":174,"marks":1299,"text":1300},"k48",[],"3. Apply For Customs Permits",[],{"_key":1303,"_type":170,"children":1304,"markDefs":1327,"style":190},"k62",[1305,1309,1314,1318,1323],{"_key":1306,"_type":174,"marks":1307,"text":1308},"k57",[],"For all imported and exported goods, including all controlled and non-controlled items, the import of all goods into Singapore requires an IN Permit through ",{"_key":1310,"_type":174,"marks":1311,"text":1313},"k58",[1312],"k51","TradeNet.",{"_key":1315,"_type":174,"marks":1316,"text":1317},"k59",[]," In the same way, the export of all goods out of Singapore requires you to obtain an OUT Permit as well. Since permit applications can only be submitted through Declaring Agents, you may want to appoint a ",{"_key":1319,"_type":174,"marks":1320,"text":1322},"k60",[1321],"k54","Declaring Agent",{"_key":1324,"_type":174,"marks":1325,"text":1326},"k61",[]," to apply on your behalf for a minimal service fee.",[1328,1330],{"_key":1312,"_type":188,"externalUrl":1329,"linkType":145},"https:\u002F\u002Fwww.tradenet.gov.sg\u002Ftradenet\u002Findex.html",{"_key":1321,"_type":188,"externalUrl":1331,"linkType":145},"https:\u002F\u002Fwww.customs.gov.sg\u002Fbusinesses\u002Fnew-traders-and-registration-services\u002Fregistration-services\u002Fauthorise-a-declaring-agent",{"_key":1333,"_type":170,"children":1334,"markDefs":1339,"style":1237},"k66",[1335],{"_key":1336,"_type":174,"marks":1337,"text":1338},"k65",[],"4. Applying for Inter-Bank GIRO",[],{"_key":1341,"_type":170,"children":1342,"markDefs":1356,"style":190},"k74",[1343,1347,1352],{"_key":1344,"_type":174,"marks":1345,"text":1346},"k71",[],"In order to make payments for any fees or taxes you may incur during the course of your trading activity, maintaining an",{"_key":1348,"_type":174,"marks":1349,"text":1351},"k72",[1350],"k68"," inter-bank GIRO",{"_key":1353,"_type":174,"marks":1354,"text":1355},"k73",[]," is necessary. This process can be done with any local bank and typically takes three to four weeks for the bank’s approval. Upon approval, you will receive an email or fax notification.",[1357],{"_key":1350,"_type":188,"externalUrl":1358,"linkType":145},"https:\u002F\u002Fwww.abs.org.sg\u002Fdocs\u002Flibrary\u002Fibg_procedures.pdf",{"_key":1360,"_type":170,"children":1361,"markDefs":1366,"style":1237},"k78",[1362],{"_key":1363,"_type":174,"marks":1364,"text":1365},"k77",[],"5. 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Clearance of Goods",[],{"_key":1418,"_type":170,"children":1419,"markDefs":1424,"style":190},"k101",[1420],{"_key":1421,"_type":174,"marks":1422,"text":1423},"k100",[],"For every permit approved by Customs, they are issued with a validity period. Trading company owners need to regularly check the validity of the permit presented for goods clearance.",[],{"_key":1426,"_type":170,"children":1427,"markDefs":1436,"style":190},"k106",[1428,1432],{"_key":1429,"_type":174,"marks":1430,"text":1431},"k104",[1185],"For imports of containerised cargo by sea: ",{"_key":1433,"_type":174,"marks":1434,"text":1435},"k105",[],"The printed copy of the customs permit along with the supporting documents is not required at the entry points of Singapore.",[],{"_key":1438,"_type":170,"children":1439,"markDefs":1448,"style":190},"k111",[1440,1444],{"_key":1441,"_type":174,"marks":1442,"text":1443},"k109",[1185],"For import of containerised cargo by air or land:",{"_key":1445,"_type":174,"marks":1446,"text":1447},"k110",[]," Companies are required to present the permit and supporting documents such as invoice, packing list and Bill of Lading\u002FAir Waybill, for verification to the checkpoint officers.",[],{"_key":1450,"_type":170,"children":1451,"markDefs":1460,"style":190},"k116",[1452,1456],{"_key":1453,"_type":174,"marks":1454,"text":1455},"k114",[1185],"For imports\u002Fexports of containerised cargo: ",{"_key":1457,"_type":174,"marks":1458,"text":1459},"k115",[],"The shipper seal and container number are both required when applying for a permit.",[],{"_key":1462,"_type":170,"children":1463,"markDefs":1472,"style":190},"k123",[1464,1468],{"_key":1465,"_type":174,"marks":1466,"text":1467},"k121",[1185],"For exports of containerised cargo: ",{"_key":1469,"_type":174,"marks":1470,"text":1471},"k122",[],"You will need to produce the cargo with the approved Customs export permit and supporting documents, along with the permit number at the point of cargo lodgement to the checkpoint officers for verification purposes.",[],{"_key":1474,"_type":170,"children":1475,"markDefs":1498,"style":190},"k136",[1476,1480,1485,1489,1494],{"_key":1477,"_type":174,"marks":1478,"text":1479},"k131",[],"Compared to business entities such as ",{"_key":1481,"_type":174,"marks":1482,"text":1484},"k132",[1483],"k125","Sole Proprietorships",{"_key":1486,"_type":174,"marks":1487,"text":1488},"k133",[]," and ",{"_key":1490,"_type":174,"marks":1491,"text":1493},"k134",[1492],"k128","Limited Liability Companies (LLCs),",{"_key":1495,"_type":174,"marks":1496,"text":1497},"k135",[]," the incorporation process for trading companies can be more tedious, considering the additional requirements needed. Moreover, there are some documents that can only be submitted through certified agents or firms. When in doubt, it is always a viable option to engage with external firms to assist you during incorporation. Fortunately, there are multiple avenues for you to do this.",[1499,1501],{"_key":1483,"_type":188,"externalUrl":1500,"linkType":145},"https:\u002F\u002Faspireapp.com\u002Fblog\u002Fim-a-freelancer-should-i-register-for-a-private-limited-company",{"_key":1492,"_type":188,"externalUrl":1502,"linkType":145},"https:\u002F\u002Fsg.aspireapp.com\u002Fblog\u002Feverything-you-need-to-know-about-a-limited-liability-company-in-singapore",{"_key":1504,"_type":170,"children":1505,"markDefs":1528,"style":190},"k149",[1506,1510,1515,1519,1524],{"_key":1507,"_type":174,"marks":1508,"text":1509},"k144",[],"Through the Aspire and Osome partnership, entrepreneurs looking to ",{"_key":1511,"_type":174,"marks":1512,"text":1514},"k145",[1513],"k138","start their business in Singapore",{"_key":1516,"_type":174,"marks":1517,"text":1518},"k146",[]," can set up a trading company in just a matter of minutes. This partnership incorporates your business for you and even sets up a",{"_key":1520,"_type":174,"marks":1521,"text":1523},"k147",[1522],"k141"," business bank account",{"_key":1525,"_type":174,"marks":1526,"text":1527},"k148",[]," for your company at the same time.",[1529,1531],{"_key":1513,"_type":188,"externalUrl":1530,"linkType":145},"https:\u002F\u002Faspireapp.com\u002Fblog\u002Fstart-a-business-in-singapore-with-no-capital",{"_key":1522,"_type":188,"externalUrl":1532,"linkType":145},"\u002Fbusiness-account",{"_key":1534,"_type":170,"children":1535,"markDefs":1545,"style":190},"k156",[1536,1540],{"_key":1537,"_type":174,"marks":1538,"text":1539},"k154",[],"To learn more about the incorporation, click",{"_key":1541,"_type":174,"marks":1542,"text":1544},"k155",[1543],"k152"," here.",[1546],{"_key":1543,"_type":188,"externalUrl":1547,"linkType":145},"https:\u002F\u002Fsg.aspireapp.com\u002Fcompany-incorporation",{"slug":1549,"title":1550},"incorporation","Incorporation",{"_type":154,"alternativeText":1552,"height":1553,"url":1554,"width":1555},"Everything You Need to Know About Forming a Trading Company in Singapore",409,"https:\u002F\u002Fcdn.aspireapp.com\u002Fwebsites\u002Fblog\u002F1222289e8d0d7b40e0797b16d0ae6da9\u002Feverything-you-need-to-know-about-forming-a-trading-company-in-singapore_cover.png",619,[1557],{"_key":1558,"_type":170,"children":1559,"markDefs":1564,"style":190},"k0",[1560],{"_key":1561,"_type":174,"marks":1562,"text":1563},"k1",[],"If you wish to establish a trading company in Singapore, this article will help you understand all you need to know about the incorporation process.",[],[1566,1572,1587,1594],{"_key":1183,"_type":170,"children":1567,"markDefs":1571,"style":190},[1568],{"_key":1561,"_type":174,"marks":1569,"text":1570},[],"In a nation as small as Singapore, where the natural resources needed to become self-sufficient are lacking, trade has become the backbone of the country that keeps the local economy running up until today.",[],{"_key":1573,"_type":170,"children":1574,"markDefs":1584,"style":190},"k12",[1575,1578,1581],{"_key":1198,"_type":174,"marks":1576,"text":1577},[],"According to the latest statistics from the ",{"_key":1202,"_type":174,"marks":1579,"text":1580},[1204],"World Trade Organisation (WTO)",{"_key":1195,"_type":174,"marks":1582,"text":1583},[],", Singapore is the 14th largest merchandise exporter in the world and has a trade to GDP ratio of 404.9.",[1585],{"_key":1204,"_type":188,"externalUrl":1586,"linkType":145},"https:\u002F\u002Fwww.wto.org\u002F",{"_key":1225,"_type":170,"children":1588,"markDefs":1593,"style":190},[1589],{"_key":1590,"_type":174,"marks":1591,"text":1592},"k16",[],"With its strategic location in the heart of Southeast Asia, Singapore continues to provide a gateway to the regional ASEAN market, making it attractive to investors and potential entrepreneurs.",[],{"_key":1230,"_type":170,"children":1595,"markDefs":1598,"style":190},[1596],{"_key":1233,"_type":174,"marks":1597,"text":1563},[],[],"2025-07-03T00:00:00.000Z",{"_type":149,"metaDescription":1563,"metaTitle":1552,"socialShareImageUrl":1601},{"_type":154,"alternativeText":1552,"height":1553,"url":1554,"width":1555},"everything-you-need-to-know-about-forming-a-trading-company-in-singapore",1790926626773]