50022

Operators and charterers of barges, tugboats and bumboats (freight)

classLevel 4Use for ACRA Registration

This sub-class includes: - operators and/or charterers of barges, tugboats and/or bumboats with crew for the transport of freight via rivers, canals and/or other inland waterways, including inside harbours and/or ports - shipping trusts that provide barges, tugboats and/or bumboats chartering services with crew

SSIC Guide

Licences & Permits

4 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.

Pleasure craft of 24 metres in length and above shall be handled by those who hold a valid Advance Powered Pleasure Craft Driving Licence (APPCDL) issued by MPA.

Processing
available on the agency's website
Full reference: how to apply, FAQ, prerequisites

With effect from 21 Nov 08, any ship having a gross tonnage greater than 1,000 that enters or leaves the port of Singapore is required to carry on board a Bunker Convention Certificate (BCC), to attest that insurance or other financial security to cover liability for bunker oil pollution damage is in place. An oil tanker having a gross tonnage greater than 1,000, whether actually carrying oil in bulk (i.e. when laden) or with oil residues onboard during the voyage following carriage of oil (i.e. on ballast voyage) would already be covered by the Convention on Civil Liability for Oil Pollution Damage 1992 (CLC 92) and need not carry a BCC when entering or leaving the port of Singapore. However, an oil tanker which is greater than 1,000 GT would be required to carry a BCC in the exceptional circumstance where she is operating in completely "clean" condition, i.e. when it can be proven that there are no residues from the carriage of oil in, or remaining in its cargo tanks. All vessels applying for Port Clearance under the Sea Trial Scheme are also required to comply with this regulation. Currently, all ships calling at the port of Singapore are required to submit a Notification of Arrival (NOA) prior to their arrival. With effect from 21 Nov 08, all ships will need to indicate in the NOA, if the ship possesses a valid BCC issued by a Convention Party.

Processing
available on the agency's website
Full reference: how to apply, FAQ, prerequisites
Required for activityMPA

Harbour Craft Licence

Processing
available on the agency's website
Full reference: how to apply, FAQ, prerequisites

The Powered Pleasure Driving Licence (PPCDL) is required for driving engine- powered/jet-propelled pleasure craft (with SZ or SZH licence prefixes) of less than 24 metres within the port limits.

Processing
available on the agency's website
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.

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
50-WATER TRANSPORT
Group
500-WATER TRANSPORT
Current class
50022-Operators and charterers of barges, tugboats and bumboats (freight)

Need help choosing?

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