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SUCCESS CASE
How a Maritime Infrastructure Group Secured Close to S$238K for Global Tax and ESG Strategy
RIC helped a Singapore-based maritime infrastructure group secure EDG support to implement a global tax strategy and sustainability reporting framework for international growth.
CATEGORY
Strategy and Consulting
CLIENT TYPE
Infrastructure services / international operations
GRANT TYPE
Enterprise Development Grant support
FUNDING SECURED
Close to S$238,000
About the Client and Project
Client Profile
The client is a Singapore-based maritime infrastructure group supporting complex renewable energy projects across international markets. With growing operations across Asia-Pacific and Europe, the company needed a stronger governance foundation to support overseas expansion, investor engagement, tax efficiency, and sustainability reporting. Its long-term ambition included scaling responsibly while aligning its operations with clean energy transition priorities.
Project Nature
The project involved implementing a global tax strategy and sustainability reporting framework to support international growth and compliance. The tax strategy work covered cross-border tax optimisation, transfer pricing, indirect tax compliance, and clean energy tax incentive utilisation. The sustainability work focused on developing an ESG roadmap aligned with international reporting standards, enabling measurable and reportable sustainability performance across the company’s operations.
Funding Objective and Challenge
Funding Objective
The funding objective was to support a strategic advisory project under the Enterprise Development Grant. The grant helped defray qualifying professional advisory costs linked to global tax strategy, ESG framework development, compliance risk management, and implementation planning. The project was intended to improve tax efficiency, reduce regulatory risk, strengthen investor confidence, and prepare the company for sustainable overseas expansion.
The Challenge
The client was a Singapore-based maritime infrastructure group supporting the global renewable energy sector. As the company expanded across multiple overseas markets, it needed stronger structures to manage tax efficiency, cross-border compliance, sustainability reporting, and investor-facing governance.
The challenge was to frame the project as a strategic growth and governance initiative, not a routine tax or ESG compliance exercise. The grant case had to show how global tax planning, transfer pricing optimisation, indirect tax compliance, clean energy incentive planning, and sustainability reporting would support international expansion, investor engagement, regulatory readiness, and long-term operational scale.
How RIC Supported the Client
RIC supported the client in securing EDG support from Enterprise Singapore for a dual-focus strategic advisory project.
RIC’s support included:
• Structuring the project around global tax strategy advisory and sustainability framework development.
• Framing the grant case around international growth, tax efficiency, compliance readiness, investor confidence, and ESG maturity.
• Supporting the engagement of specialist advisors to implement the global tax plan and sustainability framework.
• Helping define the tax advisory scope across transfer pricing, indirect tax compliance, and clean energy tax incentive utilisation.
• Structuring the sustainability roadmap around internationally recognised ESG reporting standards.
• Identifying key compliance and reporting risks across current and future overseas markets.
• Coordinating project scope, vendor deliverables, budgeting, milestone tracking, audit preparation, and claims support.
RIC’s role was to translate complex tax and sustainability advisory work into a fundable strategy project with clear business, compliance, and investor-facing outcomes.
Outcome
FUNDING SECURED
Close to S$238,000
The client secured close to S$238,000 in EDG support, with the total project valued at close to S$476,000 and support of up to 50%. The project delivered SG$1.2 million in annual tax savings through structured tax planning, transfer pricing optimisation, and utilisation of renewable energy incentives. It also strengthened ESG reporting practices, reduced regulatory and financial risks across jurisdictions, supported expansion into new overseas markets, and enhanced the company’s investor appeal and reputation for responsible growth.
What This Means for Similar Companies
For companies expanding internationally, tax and ESG strategy can be core growth infrastructure. This case shows that EDG support can be relevant when advisory work helps a company improve cross-border tax efficiency, manage regulatory risk, strengthen investor confidence, and prepare for expansion into new markets. The strongest strategy projects connect professional advisory work to tangible outcomes such as tax savings, compliance readiness, sustainability reporting, and international growth capacity.
