Sector-Specific Business Incentives
Singapore provides several targeted incentives to companies in specific sectors. This article provides an overview of the sector specific incentives available currently.
Tax Incentives for Singapore Businesses
The government of Singapore provides several incentives to promote entrepreneurship in the country. In collaboration with the Inland Revenue Authority of Singapore (IRAS) which is the tax authority of Singapore, it has implemented tax reduction schemes targeted at businesses, especially startups in Singapore. This article provides an overview of these provisions.
Market Readiness Assistance (MRA) Grant
The government of Singapore encourages local companies to expand globally. With this aim it has launched the Market Readiness Assistance (MRA) grant to provide funding to companies who wish to internationalise and grow.
The Mergers and Acquisitions (M&A) Scheme in Singapore
The M&A scheme encourages companies, especially Small and Medium Enterprises (SMEs) in Singapore to internationalise and grow. This article will explain the benefits of the scheme and the conditions that companies must fulfill to avail these benefits.
Startup Grants & Funding Sources in Singapore
Singapore is a very attractive place for entrepreneurs to set up a business. This article will introduce you to the private and government sources of funding for startups.
Singapore’s Global Trader Programme
The Global Traders Programme (GTP) is an incentive program designed to encourage international trading companies to choose Singapore as a base for their global trading activities. The incentive is provided by International Enterprise (IE) Singapore, and it offers a reduced corporate tax.