Finance & Treasury Centre (FTC) Incentive

What does it support?

The incentive covers approved regional or global treasury functions, including group financing, financial risk management and related services to group entities.

Who can apply?

A Singapore-registered and operating entity must undertake qualifying finance and treasury activities for related entities and meet EDB’s requirements for a substantive local operation.

How does the support work?

Qualifying FTC income can receive an 8% or 10% corporate tax rate. Approved arrangements may also receive withholding-tax exemption for qualifying interest and related payments. The benefit depends on qualifying income and the award, rather than a fixed monetary cap.

What expenditure can qualify?

This is income-based tax treatment. Staffing and business expenditure support the required Singapore commitments; they are not reimbursed as project costs.

Key conditions

The qualifying period is five years. For a first award at 8%, Year 1 minimums are four FTC professionals and S$1.5 million annual total business spending. At 10%, they are three professionals and S$1.5 million. Renewal awards require separate incremental commitments.

Timing and application process

Engage EDB before committing the project and prepare a formal incentive application covering the proposed treasury activity and Singapore commitments.

Important programme distinctions

The first-award and renewal tests differ. Any withholding-tax relief must be established under the approved arrangements rather than assumed from the corporate tax rate.

Related funding routes

• International Headquarters Award (IHQ)
• Development and Expansion Incentive for Services (DEI(Svc))