CrimsonLogic Importer of Record

Your trusted Importer of Record (IOR) partner

We act as a local Importer of Record (IOR) agent for businesses without a local presence, as well as for businesses expanding into Asia using Singapore as a distribution hub.

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Save up to 80%*
On importation costs & more

Customized to meet your import requirements

We’ll provide advisory for all import related declarations and licensing matters.

Enjoy a fully-outsourced service

We’ll do the heavy lifting. Free up your manpower and scale up your operations.

Fast and seamless cargo clearance

We’ll handle relations with customs and government authorities and manage the payment of customs duties and taxes.

Increased cashflow and cost savings

We enable you to have greater access to cashflow as Goods & Services Tax (GST) is suspended during importation.

*Versus setting up a local entity (based on internal estimates)

We are one of Singapore’s top IOR agents
Under the Major Exporter Scheme (MES)

IOR agent under MES

Regular IOR agent

GST payment

Do you need to pay GST (9%) for your shipments?

No

When you engage an IOR agent under MES, GST is suspended during importation into Singapore. You’ll benefit from the increased cashflow.

Yes

You will either need to pay GST per shipment or put up a float amount for high volume shipments.

Whether you're a small or large importer, we provide different types of IOR agent services to suit your business needs.

Tax regime

Non-tax regime

Section 33(1)

Companies with an in-house tax department

[MES] Section 33(2) – Suitable for large importers

Companies that do not want to be IRAS-registered

Direct IOR services Suitable for small importers with an annual turnover of <$1million

No tax component

Overseas Principal must:

Be registered with Inland Revenue Authority of Singapore (IRAS) for a GST registration number
File tax returns quarterly
Reimburse the GST balance to IRAS

CrimsonLogic will:

Manage IRAS registration
Be responsible for all import GST payments & collections, filing of GST tax returns quarterly and reimburse the GST balance to IRAS
Review Overseas Principal’s monthly sales listing

CrimsonLogic can be appointed as an IOR Agent without Tax Components

Import GST is not claimable
Overseas Principal will not be able to collect GST on all local sales

Compatible with
Amazon & Shopify programs

We provide end-to-end support for your imports. It’s that convenient!

Committed to helping you
Scale across the globe

Global brands use CrimsonLogic’s IOR services to expand into Asia.