Maritime Sector Incentive (MSI) - Maritime Leasing (MSI-ML) Award
The MSI-ML incentives encourage entities to use Singapore as their capital and funding base to finance their ships or sea containers.
Under the MSI-ML incentive, ship or container leasing companies, business trusts or partnerships will enjoy tax incentives for up to 5 years on qualifying leasing income.
Approved administrators of asset owning entities will receive a reduced tax rate of 10% on their qualifying management income.
The MSI-ML award covers operating leases and qualifying finance leases to allow flexibility in asset ownership with regard to lease and charter options.
Who is eligible
Applicants with a good track record and a demonstrable business plan in ship and container financing business in Singapore can apply for the MSI-ML award on or before 31 December 2026.
Applicants must be able to demonstrate in their business plan how the ship or container financing business will generate an economic contribution in Singapore through total business expenditure, number of professionals employed, additional activities to be undertaken in Singapore and ensuring strategic or business decision-making functions will be conducted in Singapore .
How to apply
Contact us for more information.