The MSI-ML award encourages entities to use Singapore as their capital and funding base to finance their vessels or sea containers.
Ship or container leasing companies, funds, business trusts or partnerships will get to enjoy tax concessions for up to 5 years on their qualifying leasing income under the MSI-ML award.
An approved manager of the asset-owning entity will be awarded a concessionary tax rate of 10% on its qualifying management income.
Operating and qualifying finance leases are both covered under MSI-ML award, to allow asset-owning flexibility in leasing and chartering options.
Entities with a strong track record, demonstrable business plan and a commitment to expand shipping and container financing operations in Singapore may apply for the MSI-ML award on or before 31 May 2016.
To apply, email to imc_mpa@mpa.gov.sg for more information.
