USA Driving License
USA driving licenses are valid in Singapore for not more than 12 months, if you are a foreigner above 18 years of age and holding a work pass, dependent pass, student pass, or social visit pass. However, after 12 months, you will need to convert your USA driving license to a Singapore driving license.
Car Ownership
You don’t need a car in Singapore but if you desire a car they can expensive and complicated to own, as there are many factors and costs involved, some of the main factors and costs are: Certificate of Entitlement (COE), Electronic Road Pricing (ERP),
Certificate of Entitlement (COE) represents a right to vehicle ownership and use of the limited road space for 10 years, obtained through a successful winning bid in an open bid uniform price auction. Once you secure a COE, you can register, own, and use a vehicle in Singapore for the specified period. In summary, the COE grants you the right to own and operate a vehicle in Singapore, subject to the 10-year validity period. It’s an essential part of the country’s transportation framework:
- To register a vehicle, you must first place a bid for a COE in the corresponding vehicle category.
- COEs are released through open bidding exercises conducted twice a month.
- The bidding period typically starts at 12 pm on the first and third Monday of the month and lasts for 3 working days.
- The COE categories include various vehicle types (e.g., cars, motorcycles, commercial vehicles).
- At the end of the 10-year COE period, you can choose to deregister your vehicle or renew the COE by paying the Prevailing Quota Premium (PQP).
Electronic Road Pricing (ERP) fees are charges that you have to pay when you drive through certain roads or areas during peak hours. These are some of the variable costs that you will incur when using your car in Singapore. Parking fees vary depending on the location and duration of your parking.
Road Tax is a tax that is based on the engine capacity of your vehicle. The road tax rate is also progressive, meaning that the larger the engine, the higher the road tax. The road tax rate can range from $0.782 per cc to $2.782 per cc per year.
Road Tax is a tax that is based on the engine capacity of your vehicle. The road tax rate is also progressive, meaning that the larger the engine, the higher the road tax. The road tax rate can range from $0.782 per cc to $2.782 per cc per year.
Car Insurance is a mandatory requirement for all car owners in Singapore. You need to have at least a third-party liability insurance that covers any damage or injury that you may cause to others in an accident.