If during this period, the company establishes its global trading network and demonstrate sustainable growth projections, with Singapore as its base, it can apply for the renewable 5-year GTP status. But importantly, meeting these does not automatically qualify a company for GTP status. Other considerations include:. In summary, the GTP applicant is expected to use Singapore as the regional nerve centre for its principal offshore trading, and a whole range of other business and support activities.
These may be:. Enjoy a concessionary tax rate on your company's qualifying trade income when you achieve GTP status. Let Rikvin aid you with your Global Trading Programme application. Conversation Videos Contact Go. On this page, you will learn about the Global Trader Programme in Singapore. The GTP Code does not cover the commercial characteristics of the products as they are an integral part of the contractual provisions. The GTP certification scheme consists of the following documents:.
Please note that the GTP code will be valid till 15 Match Singapore welcomes companies which are well-established players engaged in international physical trading on a principal basis to establish their trading base in Singapore. International physical principal trading involves having control over key decisions with regards to entering trades, exercising optionality and flexibility across the value chain to match demand and supply, manage trade flows, bear principle title and commercial risks; and employ sufficient number of employees with the necessary skills.
Companies should also carry out risk management activities, have a wide trading and distribution network, and a good track record.
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