The COVID-19 pandemic has exposed the risks of consolidating logistics operations in a single location. To cushion supply chain shocks, multinational companies from Japan, Korea, the US and China are increasingly looking to diversify their manufacturing bases and relocate operations across Southeast Asia. There will be greater demand for logistics companies with strong regional network in the future.
Take a look at the support and opportunities available for your logistics business:
Get plugged into the Highly Interconnected & Vibrant E-trade (HIVE) freight forwarder platform, which facilitates regional connectivity between freight forwarders, business partners and customs agencies.
Championed by the Singapore Logistics Association (SLA) and the ASEAN Federation of Forwarders Association (AFFA), powered by Global eTrade Services, HIVE enables you to meet trade compliance requirements of more than 50 customs authorities worldwide with ease, and connect with more than 10,000 businesses from all over ASEAN through the HIVE's Partner Discovery Service.
Visit HIVE to learn more.
Apply for the Market Readiness Assistance (MRA) grant to help you enter a new overseas market.
Designed for SMEs, you can receive up to 70% support to defray cost for overseas set-ups, identifying business partners and overseas market promotion.
Find out more about the Market Readiness Assistance grant.
Apply for the Double Tax Deduction for Internationalisation to receive tax deduction on eligible expenses. The supported activities include market preparation, exploration, promotion, and presence.
You can receive up to 200% tax deduction on eligible expenses.
Find out how the Double Tax Deduction for Internationalisation can help you save on business taxes.