Why do we need to pay a licence fee for the Free Trade Zone Operator licence?
As per any licence issued, Singapore Customs needs to assess the suitability of entities applying to become licensees or to renew their licence. Hence, the prescribed licence fee would cover manpower costs associated with issuing the Free Trade Zone Operator licence (e.g. assessing entities and addressing licence-related queries). This is aligned with the current approach for other licences which Singapore Customs administers.
Related questions
Pertaining to the responsibility of the licensed Free Trade Zone (FTZ) Operator to submit information, what is the kind of information required to be submitted to Singapore Customs?
What are the required supporting documents that I have to submit with my application for an FTZ Operator Licence?
If an entity's application to become an Free Trade Zone (FTZ) operator is rejected, or there is no entity applying to become an FTZ operator, will Singapore Customs have an issue finding suitable entities to take up this role?
If my company's Free Trade Zone (FTZ) Operator Licence has expired while the licence renewal has not been approved, can my company continue with its operations while waiting for Singapore Customs' assessment?
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