Ship management services
This sub-class includes the provision of ship management service (i.e., operation of ships on behalf of owners). Units in this sub-class are primarily engaged in: - crew recruitment and/or management - management of the ships' commercial activity - bunkering - employment of ship agents - registration of vessels - technical management of vessels
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.
Harbour Craft Manning Licence
All personnel operating harbour craft must possess a valid harbour craft manning licence.
- Processing
- available on the agency's website
Ship Station Licence
The Ship Station Licence is issued for the operation of the radio-communication equipment installed on-board ships registered in Singapore. For more information please visit: https://iris.imda.gov.sg/application/ship-station-licence
- Validity
- 5 years
- Processing
- Within 7 working days upon complete submission of information
Prerequisites (4)
- Certificate of Registry, Harbour Craft Licence or Pleasure Craft Licence
- Certificate of Registry, Harbour Craft Licence or Pleasure Craft Licence issued by the Maritime and Port Authority of Singapore
- Maritime Mobile Service identity (MMSI) number assignment letter from IMDA
- Maritime Mobile Service identity (MMSI) number assignment letter from IMDA
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.
Partial Tax Exemption (PTE)
Eligibility: Singapore tax-resident company.
Start-Up Tax Exemption (SUTE)
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
Maritime Sector Incentive (MSI)
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
| 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
Need help choosing?
Our guide helps you find the right SSIC code for your business activity.
Read the SSIC Guide