Marilyn Hawken7 Dec 2015

International & Regional Headquarter Awards

Singapore, EDB

ZZZ COMPANY PTE LTD / PUBLIC LISTED to use Singapore as regional base.

• Strategic Business Planning and Development

• General Management and Administration

• Marketing Control, Planning and Brand Management

• Intellectual Property Management

• Corporate Training and Personnel Management

OVERVIEW

• Research, Development and Test Bedding of New Concepts

• Shared Services

• Economic or Investment Research and Analysis

• Technical Support Services

• Sourcing, Procurement and Distribution

HOW TO BE INVITED?

Estimated Process time 1 Month minimum

• Speak to EDB Customer Service

• Be referred to IHQ/RHQ Officer for discussions 1st.

• IHQ/RHQ Officer will review your business structure

• If Selected, EDB will lay out requirements to BE COMMITED TO.

• What happens if failed, will the tax concession be claimed back? YES!

Valerie Thia 6832 -6206

Email : Valerie_thia@edb.gov.sg

How to Apply?

General Examples – DisclaimerThe following slides are collected from EDB SiteEvery application will have different IHQ/RHQ

requirements. Based on the discretion of EDB Headquarters Awards.Failure to Meet Targets, Tax discounted will be CLAWED

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DISCLAIMER

Lower Taxes 15%

Concessionary Tax 15% concessionary tax rate on incremental income from OverseasRegional Headquarters Committed and Meet EDB Requirements

Tier 1 : 1st to 3rd years Meet ALL Requirements by 3rd Year, Enjoys Tier 2 Tier 2 : 4 to 5 Years 15% Tax

Employed for headquarters operations must be in Singapore, management, professionals, technical personnel and other supporting

Lower concessionary tax rates (0%, 5% or 10%) on qualifying income

International Headquarters (IHQ) Award Committed and Meet EDB Requirements0%, 5% or 10% Tax rates

Lower Tax 0% to 15 %

MEET Minimum target at Year 3 END

Int'L + Region HQ Year 1 Year 2 Year 3 Total Year 3 EndCapital Injection SGD 200,000 - SGD 500,000 SGD 700,000Network Subsidiaries 1 Country 2 Country 3 Countries 3 CountriesGeneral Staffs - 75% min. NTC 2 Certificate

75% 75% 75% 75%

10 professionals in Singapore - Diploma min.

1 4 5 10 Dip Staff

Top 5 Management (Based in SG)

SGD 400,000 SGD 450,000 SGD 500,000 SGD 500,000

Operating Expenditure (Yearly)* in Singaore

SGD 2 Million SGD 2 Million SGD 2 Million SGD 6 Million

Expenditure -Total Business spending

SGD 500,000 SGD 1 Million SGD 1.5 Million SGD 3 Million

Exceed Year 4 & 5 Targets

Int'L + Region HQ Year 4 Year 5Capital Injection SGD 700,000 > SGD 700,000 >Network SubsidiariesGeneral Staffs - 75% min. NTC 2 Certificate 75% > 75% >10 professionals in Singapore - Diploma min. 10 Dip > 10 Dip >

Top 5 Management (Based in SG) SGD500,001 > SGD500,002 >Operating Expenditure (Yearly)* in Singaore SGD 2 Million >SGD 2 Million >Expenditure -Total Business spending ? ?

Sources:

http://www.edb.gov.sg/content/dam/edb/en/resources/pdfs/financing-and-incentives/International%20or%20Regional%20Headquarters%20(HQ)%20Leaflet.pdf

Contact Information