Trading Service in Singapore

Trading Service

Korchina TNC Trading Service in Singapore

Korchina TNC is a one-stop trading agency service in Singapore with years of experience and professional knowledge

Here are some of the services that we offer under our trading services.

Letter of Credit (L/C) Service

Letter of Credit (L/C) Service

  • Preparation of Opening Letter of Credit (“LC”) and LC Negotiation/Collection Documents
  • Preparation of L/C transfer and Amend transfer application
  • Preparation of L/C’s Certificate
  • Preparation of Bank’s Letter

Logistics Service

  • Shipping arrangement
  • Booking arrangement for customer designated forwarder
  • Preparation of Commercial Invoice & Packing List
  • Delivery arrangement (Local to Local)
  • Unloading service arrangement for FCL (full container load)
  • Temporary storage service for FCL (Full container load) / LCL (Less than container load)
  • Preparation of Export/Import Declarations
Logistics Service
License Service

License Service

  • Export/Import License
  • Registration of Importer & Distributor
  • Certificate of Origin (CO) Issuance

FAQs for Trading Service Singapore

What are trading services?

A trading service is a business that specializes in buying, stocking, and delivering products to customers.

Is Singapore a good place to start a trading service?

Although Singapore is a small country, it is widely regarded as one of the best countries in the world to start a trading business.

Here are a few examples of why:

  • Boasting one of the most open trading policies in the world, Singapore allows most goods and services to imported into the country duty and hassle free

  • Most customs and trade documentation are streamlined, therefore making it very easy to get goods in and out of the country
  • The management platform is paperless, which ensures a quick informational exchange between members of the trading community
  • Singapore boasts a strategic location, which gives it easy access to supply the world’s markets
  • Singapore is one of the world’s busiest ports, and the city also has an award-winning international airport. This makes it a popular place for opening a trading business and international logistics service providers
  • As the financial hub of the area, Singapore has an enviable network of financial institutions that provide a range of services including insurance, financing, and more

Do I need any licenses to open a trading service in Singapore?

As with most countries, the goods you are importing/exporting will dictate whether or not you need a license or permit.

Typically, you will need a license to import anything that involves medication, F&B business, goods that could be damaging to public health or that could pose a security threat.

Some common examples include:

  • Animals and livestock
  • Pesticides
  • Food items
  • Strategic commodities
  • Hazardous chemicals
  • Radio transmission equipment
  • Plants

  • And more

Be sure to contact us at Korchina to see if you have any questions about which goods need permits to enter Singapore.

How do I register a trading service in Singapore?

Registering a trading service in Singapore is best done with a professional consulting agency. This will help to ensure that everything is being done in accordance with the compliance of Singapore’s protocols and laws.

If you are interested in starting a trading service in Singapore, contact us to get a quote and to get your business started on the right leg.

Feel free to ask Anything!