Maritime Sector Incentive - Approved International Shipping Enterprise (MSI-AIS) Award

The MSI-AIS award seeks to encourage international ship owners and ship operators to establish their commercial shipping operations in Singapore.

Benefits

A MSI-AIS company will enjoy tax exemption on qualifying shipping income for either:

  • a 10-year renewable period; or
  • a 5-year non-renewable period, with the option of graduating to the 10-year renewable award at the end of the 5-year period,

if qualifying conditions are met.

Who is eligible

Applicant with a good track record and demonstrable business plan in respect of its shipping operations in Singapore may apply for the MSI-AIS award.

Applicant must be able to demonstrate in its business plan how the shipping operations will generate economic contributions in Singapore through total business spending, undertaking additional activities from Singapore, and ensuring that the strategic or commercial decision making functions will be undertaken in Singapore.

How to apply

To apply, email to imc_mpa@mpa.gov.sg for more information.