Incentive and License Advisory

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FOZL assist clients in keeping abreast of the latest developments and policies in Singapore. This will allow them to be aware of vital information that may have an impact on their operations and investments. FOZL will aid clients in reviewing their business and future plans as well as apply for suitable subsidies and tax programmes from the relevant government agencies such as:

• Economic Development Board (EDB)

• Enterprise Singapore (ESG)

• Maritime Ports Authority (MPA)

• Monetary Authority of Singapore (MAS)

• Energy Market Authority (EMA)

• National Environment Agency (NEA)

• Ministry of Manpower (MOM)

• Singapore Customs

 

Incentive/License application and assessment

Applicant companies will need to apply for and obtain approval from various government agency depending on the programme and license that they have applied for. The license and programs are evaluated based on criteria determined by the respective government agency. Therefore, we need to review and approve the available incentives and programs on a case-by-case basis in consultation with the relevant government agency. In practice, some of the assessment criteria include, but are not limited to business expenditure in Singapore, manpower, income generated in Singapore, local shareholding and scope of activities undertaken in Singapore, etc.

Our consultants have extensive experience in planning and implementation. We can assist clients in preparing and applying for the relevant government programme and licenses. The general process is summarised as below