This scheme aims to encourage the construction of industrial buildings whose floor space exceeds 1,000 square metres.
- Construction for letting purposes of industrial buildings or levels thereof, provided floor space is at least 1,000 square metres.
- Special conditions: The applicant can only be a company intending to erect an industrial building to be let to the holder of a certificate (other than an industrial building enterprise certificate) issued under this Act or to an enterprise engaged in the manufacture or processing of goods or materials except the milling of sugar.
- 15% corporate tax.
- No tax on dividends.
- Registration dues for land purchase: 50% exemption.
- There is also a non-fiscal incentive, namely the disapplication of the Landlord and Tenant Act, i.e. rent control.