Finance & Treasury Centre Incentive

Who qualifies

• Must be registered in Singapore.
• The entity must have an established international business and operations and be registered in Singapore.
• For the 8% rate on a first FTC award: carry out FTC activities in Singapore, employ at least 4 FTC Professionals based in Singapore by Year 1 and incur annual Total Business Expenditure of at least S$1.5 million by Year 1, maintained to the end of the incentive period; on a subsequent award, 1 additional FTC Professional and an additional annual TBE of at least S$400,000 by Year 5.
• For the 10% rate on a first FTC award: at least 3 FTC Professionals by Year 1 and annual Total Business Expenditure of at least S$1.5 million by Year 1, maintained to the end of the incentive period; on a subsequent award, 1 additional FTC Professional and an additional annual TBE of at least S$350,000 by Year 5.
• EDB approval must be sought for the inclusion of network companies as Approved Network Companies before the proposed effective date of inclusion.
• Not eligible if the entity falls within Singapore Government sanctions lists, engages in illegal activities, regulated military goods or tobacco, is under investigation for regulatory breaches, is a MAS-licensed financial institution, or is an MPA-regulated shipping entity, unless specifically referred by MAS or MPA.

What it funds

• Working capital, trade or project financing schemes
• Core capabilities — strategy, HR, finance, branding, processes

Concessionary tax rate of 8% or 10% on qualifying FTC income, plus withholding tax exemption on interest payments and (for payments on or after 13 February 2026) interest-like borrowing costs on qualifying loans and deposits.

Payment: Delivered as a tax deduction, allowance or credit.

How to apply

Submit a formal application to EDB containing the Core Form and Supplementary Form.

1. Prepare the Core Form with projected incremental employment, fixed-asset investment, and total business expenditure.
2. Prepare the Supplementary Form with FTC professionals, FTC services and activities, and network-company information.
3. Submit the formal application to EDB.

Documents

• Core Form
• Supplementary Form

Contact: https://www.edb.gov.sg/en/contact-us

Application window: Qualifying period stated in the factsheet is five years.