64202

Holding companies of firms engaged in non-financial and insurance activities

classLevel 4Use for ACRA Registration

This sub-class includes holding companies of firms engaged in non-financial and/or insurance activities (e.g., real estate, construction, production, distribution) that hold the assets (owning controlling-levels of equity) of a group of subsidiary corporations and whose principal activity is owning the group. The holding companies in this sub-class generally do not administer or manage the other businesses in which the equity is held and have little or no employment and revenue from the sale of goods and services. This sub-class also includes the activities of financing conduits where units are created by a non-financial group to raise or borrow funds (often on the open market) and to remit those funds to their parent or another entity within the group.

SSIC Guide

Tax Incentives & Schemes

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

Concessionary taxEDBFTC

Finance & Treasury Centre (FTC) Incentive

Benefit: 8% concessionary tax on income from qualifying treasury, financing, and risk-management services to approved network companies.

Eligibility: Substantive in-house treasury function, professional staff, board oversight in Singapore.

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

Tax exemptionMAS13O

Section 13O — Singapore Resident Fund Scheme

Benefit: Income tax exemption for funds managed by a Singapore-resident fund manager, subject to investment-professional headcount, AUM, and business-spending requirements.

Eligibility: Family office or fund vehicle structured as Singapore tax resident; CMS-licensed or exempt fund manager; minimum AUM and local-spend thresholds.

Tax exemptionMAS13U

Section 13U — Enhanced-Tier Fund Scheme

Benefit: Income tax exemption for larger funds (AUM ≥ SGD 50M) with higher local-spend and headcount thresholds than 13O. Open to both onshore and offshore vehicles.

Eligibility: Fund managed by a CMS-licensed manager; AUM ≥ SGD 50M; investment-professional headcount and local business spend in Singapore.

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
L-FINANCIAL AND INSURANCE ACTIVITIES
Division
64-FINANCIAL SERVICE ACTIVITIES (EXCEPT INSURANCE AND PENSION FUNDING)
Group
642-ACTIVITIES OF HOLDING COMPANIES
Current class
64202-Holding companies of firms engaged in non-financial and insurance activities

Need help choosing?

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

Read the SSIC Guide