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Tips to Maximise International Payment Flexibility as an Exporter

When businesses decide to expand and venture into the international markets through trading, they have to consider several things. Businesses …

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Types of Documentary Credit: A Guide

A documentary letter of credit is a type of written undertaking issued by a bank to the beneficiary (the seller) …

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4 Things to Know About CFR Shipping

In international commerce, certain trading terms work as legal contracts between the buyer and seller, specifying the roles and responsibilities …

Partnership between Tazapay and Standard Chartered Bank on the Proxtera Network
Tazapay in Association with Standard Chartered Offers Digital Escrow on Proxtera Network

Singapore’s latest financial partnership to enable smooth cross-border trade was between Proxtera, Tazapay and Standard Chartered to support the Business …

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Benefits of Escrow for Small Businesses

Escrow is a payment service that is a tripartite agreement between the buyer, the seller, and the escrow provider that …

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Tricks to Handle Cross-Border Business Payments as an SME in 2021

With the increase in technology and globalisation, international trade is witnessing rapid growth as well. This growth can be sustained …

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Import Export Procedure in Malaysia- A Guide

Malaysia is burrowed between the Andaman Seas and South China, making it a historic trading centre and tactical location for …

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How to Start an Import Business in Malaysia?

Nestled between the Andaman Seas and the South China Sea, Malaysia is one trading centre that is of immense historical …

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Import/Export Procedures in Singapore: A Guide

Singapore is increasingly becoming popular amongst foreign traders owing to its comfort for doing business, a strategic location that connects …

Proxtera Protect is powered by Tazapay to discover, trade and pay seamlessly and securely
Proxtera Protect, Powered by Tazapay: A Robust Solution to Streamline Global Trade

Proxtera Protect, powered by Tazapay, has brought together two important global trade value chain entities to provide a holistic, streamlined …

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Incoterm

DDP: Meaning and Usage

The widespread use of the Internet and mobile devices, and the opening up of economies across the world have imparted a major boost to international trade. Small

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General

Export Customs Procedures

A ship loading goods in the loading bay
Import Export Procedure in Malaysia- A Guide

Malaysia is burrowed between the Andaman Seas and South China, making it a historic trading centre and tactical location for international trade. It also borders …

Port of loading with a ship loading multiple cargoes
Import/Export Procedures in Singapore: A Guide

Singapore is increasingly becoming popular amongst foreign traders owing to its comfort for doing business, a strategic location that connects the Western and Eastern shipping …

Export Customs Procedures

There are several basic steps that must be adhered to ensure your Company is ‘EXPORT READY’. There are several basic steps that must be adhered to ensure your Company is ‘EXPORT READY’. Before jumping ahead to export

Export Customs Procedures in Vietnam

In order to be able to conduct export business in Vietnam, a foreign investor must register with the Department of Planning and Investment (DPI). Additionally, foreign investors..

Export Customs Procedures in Thailand

Goods exported from Thailand require complete reporting to Customs and are subject to customs controls. Due to the automated nature of the e-Customs system, the export procedures..

Export Customs Procedures in Singapore

A step-by-step guide for Exporting from Singapore; Goods exporting from Singapore must be declared, even though there is no goods and service tax and duty levied. A certificate of origin, where..

Export Customs Procedures in Philippines

A step-by-step Export Procedures from Philippines – For first time exporters, there is a requirement to register with the Client Profile Registration System (CPRS) via the Philippine Exporters Confederation.

Quick Understanding of Export Customs Procedures in Malaysia

Step-by-step Export procedures in Malaysia – Some goods being exported from Malaysia may require a license. For goods which require a license, the Exporting entity must do a one-time registration with the concerned government agency..

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Quick Understanding of Export Customs Procedures in Indonesia

The Exporters are required to register with Indonesia’s trade department to obtain a customs identification number (Nomor Identitas Kepabeanan, NIK). This is a personal identification number assigned by the..

Import Customs Procedures

A ship loading goods in the loading bay
Import Export Procedure in Malaysia- A Guide

Malaysia is burrowed between the Andaman Seas and South China, making it a historic trading centre and tactical location for international trade. It also borders …

A lady having a phone call while using her laptop
How to Start an Import Business in Malaysia?

Nestled between the Andaman Seas and the South China Sea, Malaysia is one trading centre that is of immense historical significance. As a multicultural country …

Port of loading with a ship loading multiple cargoes
Import/Export Procedures in Singapore: A Guide

Singapore is increasingly becoming popular amongst foreign traders owing to its comfort for doing business, a strategic location that connects the Western and Eastern shipping …

Import Customs Procedures

What is import? Import can simply be defined as, the purchase/bringing in of goods from a foreign country to a demand country.

vietnam flag with green color background of cargo bay
Quick Understanding of Import Procedure in Vietnam

To import to Vietnam, you need to obtain an investment license and a business registration certificate from the Department of Planning and Investment (DPI). There is no separate import license in Vietnam – the investment license already..

Image of Singapore flag and green colour cargo bay
Quick Understanding of Import Procedure in Singapore

To begin the import process, the importer must obtain a Unique Entity Number (UEN) by registering with the Accounting and Corporate Regulatory Authority (ACRA), or another relevant UEN issuance agency, which will allow the exporter..

Picture of the Philippines flag and the green colour cargo bay
Quick Understanding of Import Procedure in the Philippines

Importation into the Philippines are subject to customs duties and taxes unless there is a special, legal basis for exemption from duties and/or taxes. The import duty and taxes apply for those shipment having been previously exported..

picture of the Malaysian flag and import bay
Quick Understanding of Import Procedure in Malaysia

For all inbound shipment into Malaysia whether or not subject to import duties must be declared in writing on Customs Form No. 1. All custom declarations should indicate a complete and accurate account of the total number..

picture of Indonesian flag and the loading bay with many cargoes
Quick Understanding of Import Procedure in Indonesia

To be legally importing in Indonesia, importers – who may be a person or company – are required to register with Indonesia’s trade department and obtain a customs identification number (Nomor Identitas Kepabeanan, NIK). Besides NIK…

Picture of Thailand flag and the loading bay
Quick Understanding of Import Procedure in Thailand

The procedures for importing goods into Thailand have been centralized into the online e-Customs system. In order to register for the system, the importer must already possess a ‘digital certificate’. Once a digital certificate is in place..

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