Wholesale of petrochemical products

classLevel 4Use for ACRA Registration

This sub-class includes: - wholesale of petrochemical primary products such as olefins, aromatics and/or basic building blocks and/or derivatives and/or intermediates produced from basic building blocks - wholesale of synthetic resins, plastic materials and/or non-vulcanisable elastomers in the form of moulding and extrusion compound, solid and/or liquid resins, sheets, rods, tubes, granules and/or powders Units in this sub-class are primarily engaged in: - wholesale of: - plastics in primary forms: polymers (including those of ethylene, propylene, styrene, vinyl chloride, vinyl acetate and/or acrylics), polyamides, phenolic and/or epoxide resins and/or polyurethanes, alkyd and/or polyester resins and/or polyethers, silicones, ion-exchangers based on polymers - cellulose and/or its chemical derivatives - synthetic rubber in primary forms; synthetic rubber, factice

SSIC Guide

Licences & Permits

2 licences 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 activitySCDF

Petroleum & Flammable Material Import Licence

Any person who is to import any regulated P&FM (including scheduled chemical) above the exemption quantities is required to obtain an import licence from SCDF. For more information please visit: SCDF's Website

Validity: Valid for 12 months/24 months/36 months
Processing: within the same day upon successful payment, when submission is in order

Full reference: how to apply, FAQ, prerequisites

Required for activitySCDF

Petroleum or Flammable Materials Storage Licence

Validity: The P&FM storage licence validity is up to 3 years (based on the risk)
Processing: within 19 working days, when submission and site inspection are in order

Prerequisites (20)

Approved plan
One certified true copy (or original approved plan) showing the location of the premises and proposed storage area
File format: doc,docx,pdf,jpg,rtf,htm,bmp,xls,xlsx,dwg
Maximum upload per application: 2 MB
Temporary Fire Permit / Fire Safety Certificate issued by other government agency
One certified true (or original) copy of Temporary Fire Permit or Fire Safety Certificate of the premise if it is issued by other government agencies (e.g. JTC, HDB or LTA)
File format: doc,docx, pdf, jpg, rtf, htm, bmp, xls,xlsx
Maximum upload per application: 2 MB
Documents for Bulk Tanks and Major Piped Installations
Manufacturer's reports on designed code of tank
PE endorsed Hydrostatic and Radiographic or any equivalent for both test report for tanks on site
PE endorsed Pressure test report for piping and fittings for bulk tanks to the points of consumptions
File format: doc,docx,pdf,jpg,rtf,htm,bmp,xls,xlsx,dwg
Maximum upload per application: 2 MB
Professional Engineer's Certification documents for the Piped system
Certification of supervision of piped gas system
Certification of equipment installed for system
Pressure test report for the piping and fittings from the installation to the point of consumption
File format: doc,docx, pdf, jpg, rtf, htm, bmp, xls,xlsx
Maximum upload per application: 2 MB

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

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

Concessionary taxEnterprise SingaporeGTP

Global Trader Programme (GTP)

Benefit: 5% or 10% concessionary tax on qualifying income from international trading of approved commodities (energy, agri-commodities, metals, electronic & industrial products, building materials).

Eligibility: Substantial trading activity from Singapore: turnover thresholds, local hires, business spend.

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 Services 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 10% of total workforce

Work Permit

Tier	Monthly	Conditions
Higher-skilled (Tier 1)	SGD 300	Up to 10%
Basic (Tier 1)	SGD 450	Up to 10%
Basic (Tier 2)	SGD 600	10–25%
Basic (Tier 3)	SGD 800	>25% (up to DRC of 35%)

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

G-WHOLESALE AND RETAIL TRADE

Division

46-WHOLESALE TRADE

Group

466-OTHER SPECIALISED WHOLESALE

Current class

46643-Wholesale of petrochemical products

Need help choosing?

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

Read the SSIC Guide