Building and repairing of ships, tankers, off-shore structures and other ocean-going vessels

classLevel 4Use for ACRA Registration

This sub-class includes the building and/or repairing of ships, except vessels for sports or recreation, and/or the construction of off-shore floating or fixed structures such as floating cranes and/or drilling platforms or wind farm substations. This sub-class also includes: - manufacture of sections for ships and/or off-shore floating structures (except oil rigs) - manufacture of submersible drones - building and/or repairing of: - commercial vessels: passenger vessels, ferry boats, cargo ships, tankers, tugs, etc. - warships - fishing boats and/or fish-processing factory vessels - hovercraft (except recreation-type hovercraft) - major hull assemblies - construction of off-shore floating or fixed structures, including: - drilling/production platforms, floating or submersible (except drilling rigs) -off-shore floating structures (e.g., floating docks, pontoons, coffer-dams, floating landing stages, buoys, floating tanks, barges, floating cranes, non-recreational inflatable rafts) -off-shore fixed structures (e.g., off-shore wind farm substations, high voltage direct current off-shore converter platforms) - conversion of ships into off-shore floating or fixed structures

SSIC Guide

Licences & Permits

1 licence apply to businesses in this SSIC code depending on the specific activities you conduct. Most are activity-triggered — a holding company in 64, for example, only needs a Banking Licence if it actually conducts banking.

Required for activityEDB

Certificate of Registration under the Control of Manufacture Act (All applicants other than Singapore-owned Beer and Stout applicants)

In Singapore, the manufacture of certain goods is regulated by the Control of Manufacture Act. Any person that intends to manufacture COMA-scheduled goods or their parts thereof would need to apply to be registered under the COMA. For more information please visit: COMA legislation

Processing: 30 working days from the submission of all required information

Full reference: how to apply, FAQ, prerequisites

Need help with these licences?

We handle the applications, document prep, and agency liaison end-to-end.

Licence requirements change — we keep this list current as part of the engagement.

Tax Incentives & Schemes

5 schemes that businesses in this SSIC code may qualify for. Eligibility is case-by-case — talk to the relevant authority.

Concessionary taxEDBDEI

Development & Expansion Incentive (DEI)

Benefit: 5% or 10% concessionary corporate tax on qualifying incremental income for up to 10 years. The follow-on to Pioneer once activity is established.

Eligibility: Existing activity in Singapore expanding into substantially new capability or capacity. Discretionary, EDB-administered.

Capital allowanceEDBLIA

Land Intensification Allowance (LIA)

Benefit: Initial 25% + annual 5% capital allowance on qualifying construction or renovation costs for industrial buildings meeting prescribed gross-plot-ratio benchmarks.

Eligibility: Industrial site achieving Singapore's higher Gross Plot Ratio benchmarks for the activity.

Concessionary taxEDBPioneer

Pioneer Certificate Incentive (PC)

Benefit: 0% corporate tax on qualifying income for up to 15 years (typically 5–10) for genuinely pioneer manufacturing or services activity.

Eligibility: Substantial new economic activity in Singapore: substantial fixed-asset investment, technology spillovers, and new-to-Singapore expertise. Approved on a discretionary, case-by-case basis.

Tax exemptionIRASPTE

Partial Tax Exemption (PTE)

Benefit: First SGD 10,000: 75% exemption; next SGD 190,000: 50% exemption. Available to all companies (including those past their 3-year SUTE window).

Eligibility: Singapore tax-resident company.

Tax exemptionIRASSUTE

Start-Up Tax Exemption (SUTE)

Benefit: First SGD 100,000 of chargeable income: 75% exemption; next SGD 100,000: 50% exemption. For each of the first 3 YAs after incorporation.

Eligibility: Newly incorporated SG-resident company, ≤ 20 individual shareholders (or one corporate holding ≥ 10%), not in investment-holding or property-development.

Note for SSIC : Excludes 64202 investment holding & 41001/68101 property development

Worth applying for any of these?

We screen eligibility and shape the application — most schemes are discretionary and need a substantive activity case.

Foreign Worker Levies

This SSIC code falls under MOM's Manufacturing sector for foreign-worker levy purposes. Levies below apply per worker per month, paid by the employer in addition to salary.

S Pass

Tier	Monthly	Conditions
Tier 1	SGD 550	Up to 18% of total workforce

Work Permit

Tier	Monthly	Conditions
Higher-skilled (Tier 1)	SGD 250	Up to 25% of total workforce
Basic (Tier 1)	SGD 370	Up to 25%
Basic (Tier 2)	SGD 470	25–50%
Basic (Tier 3)	SGD 650	>50% (up to DRC)

Hiring foreign workers in this sector?

We handle Work Permit, S Pass, and EP applications alongside the incorporation — and check Dependency Ratio Ceilings before you commit headcount.

Levies and Dependency Ratio Ceilings are reviewed periodically by MOM (rates above effective 2024-09-01).

Classification Path

Section

C-MANUFACTURING

Division

30-MANUFACTURE OF OTHER TRANSPORT EQUIPMENT

Group

301-BUILDING AND REPAIRING OF SHIPS AND BOATS

Current class

30110-Building and repairing of ships, tankers, off-shore structures and other ocean-going vessels

Need help choosing?

Our guide helps you find the right SSIC code for your business activity.

Read the SSIC Guide