At a glance
Programme detail
Summary
Agency
Enterprise Singapore
Support type
Tax Incentive
Status
Open
Application cycle
Rolling
Local ownership
No local ownership requirement
What does it support?
Approved activities may include physical and derivatives trading, brokering, structured commodity financing and other international trading functions anchored in Singapore.
Who can apply?
The applicant should be an established international trader with substantial Singapore operations. Skilled trading professionals, strategic functions and credible local economic contribution are relevant to the assessment.
How does the support work?
Approved qualifying trading income can receive a 5%, 10% or 15% corporate tax rate. There is no fixed cash award: the benefit depends on the approved rate and income within the award.
What expenditure can qualify?
The incentive applies to qualifying income rather than reimbursing operating or investment costs.
Key conditions
An award generally runs for five years. Approved activities, employment, spending and economic-contribution commitments must be met.
Timing and application process
Engage Enterprise Singapore while the trading expansion is being planned. Applications and award terms are assessed individually on a rolling basis.
Important programme distinctions
GTP is not a reduced tax rate for every activity of a trading group. The approved income scope and the substantive functions located in Singapore determine its relevance.
Official programme sources
enterprisesg.gov.sg (opens in a new tab)Last verified: 28/10/2026