52242

Industrial cargo lifting and moving services (except for use in construction industry)

classLevel 4Use for ACRA Registration

This sub-class includes the provision of crane services with operator for all industries except construction. Units in this sub-class are primarily engaged in: - provision of lifting and handling equipment with operator, such as derricks and cranes, for cargo handling - moving cargos on industrial sites, typically with transport equipment that is not suitable for use on roads open to public traffic

SSIC Guide

Tax Incentives & Schemes

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

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

Concessionary taxMPAMSI

Maritime Sector Incentive (MSI)

Benefit: Tax exemption (Approved International Shipping Enterprise) or concessionary tax (Maritime Leasing, Shipping-related Support Services) on qualifying maritime income.

Eligibility: Substantive shipping or maritime services activity from Singapore. Multiple tracks (AIS, ML, SSS).

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

TierMonthlyConditions
Tier 1SGD 550Up to 10% of total workforce

Work Permit

TierMonthlyConditions
Higher-skilled (Tier 1)SGD 300Up to 10%
Basic (Tier 1)SGD 450Up to 10%
Basic (Tier 2)SGD 60010–25%
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
H-TRANSPORTATION AND STORAGE
Division
52-WAREHOUSING AND SUPPORT ACTIVITIES FOR TRANSPORTATION
Group
522-SUPPORT ACTIVITIES FOR TRANSPORTATION
Current class
52242-Industrial cargo lifting and moving services (except for use in construction industry)

Need help choosing?

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

Read the SSIC Guide