What are the benefits of bonded warehouses in Singapore? Bonded warehouses are also known as Zero-GST warehouses and they help the client to optimise the cost of warehousing and reduce the expensive overheads which eat away at the profits. With different bonded warehouse applications it is possible to store non-dutiable goods for an indefinite period. To add to it customs duty and GST are suspended till your goods are removed from the licensed warehouse for local use or consumption. If you can partner with a bonded warehouse in Singapore then you can reap the following benefits: •
Deferred customs duties and taxes
•
Excellent security systems for the protection of your cargo
•
The international shipping process becomes smoother, especially for imports and exports
•
customs clearance becomes easier
•
The managers of the warehouse will also take care of the administrative paperwork which leaves you free of worries
The good warehouses in Singapore offer full attention to the minute details and procedures which can otherwise be a mammoth task for any business. Therefore more and more businesses are opting for bonded warehouses providing the extra edge. These warehouses do not just provide regular rental of storage space, instead, they allow you to take benefit of the in-depth knowledge, expertise, and human resources offered by the management of the bonded warehouses. Hence, we can say that bonded warehouse applications have many benefits for you as a client. This is because apart from the above-mentioned services, the bonded warehouses also provide 24x7 security replete with CCTV cameras and other latest devices and gadgets. They also provide supervision operations by their in-house team and Singapore customs authority. Management teams of the well-bonded warehouses in Singapore make sure that only restricted personnel have access to the stored goods. This along with other security benefits make these bonded warehouses quite beneficial for businesses that require storage of their products. As a result, bonded warehouses are becoming popular day by day in Singapore.