BOGs
– Only Tier 1 MSC Status Companies are able enjoy all the 10 BOGs granted by the Government. Tier 2 Companies have to forego BOG1 and 8 while the Tier 3/ MSC4Startups have to forego BOG1, 2, 5 & 8.
– Only Tier 1 MSC Status Companies are able enjoy all the 10 BOGs granted by the Government. Tier 2 Companies have to forego BOG1 and 8 while the Tier 3/ MSC4Startups have to forego BOG1, 2, 5 & 8.
Financial Incentive
– Unlike the Tier 1 and 2 Companies which are entitled to 100% tax exemption, Tier 3 and MSC4Startups are only entitled to 70% income tax exemption for a period 5 years.
– Unlike the Tier 1 and 2 Companies which are entitled to 100% tax exemption, Tier 3 and MSC4Startups are only entitled to 70% income tax exemption for a period 5 years.
Recruitment of Foreign Knowledge Worker
– Tier 1 and 2 Companies are able to recruit unlimited number of foreign knowledge worker, while the Tier 3 and MSC4Startups are restricted to a maximum of 20 foreign knowledge workers at any one time
– Tier 1 and 2 Companies are able to recruit unlimited number of foreign knowledge worker, while the Tier 3 and MSC4Startups are restricted to a maximum of 20 foreign knowledge workers at any one time