Resources

Singapore offers a range of assistance schemes to help businesses succeed. As a one-stop resource page, below is a list of grants, compiled and grouped according to your business stage and by business function.

Start-up (1-3 yo)

Startup SG Tech (Micro and SME)
Startup SG
Provides funding for startups to carry out Proof-of-Concept and Proof-of-Value trials for innovative technologies.

Startup SG Equity (Micro and SME)
Startup SG
To catalyse private sector investments into local-based deep-tech startups with strong IP and global potential.

Startup SG Accelerator (Micro and SME)
Startup SG
Supports incubators and accelerators in strategic growth sectors that take on the role of catalysing growth opportunities for high potential startups through their programmes, mentorship and provision of resources.

Startup SG Founder (Micro and SME)
Startup SG
Provides mentorship and startup capital grant to first-time entrepreneurs with innovative business ideas.

Startup SG Talent (Micro and SME)
Startup SG
Supports startups’ talent needs.

Enterprise Financing Scheme (EFS) (Micro, SME, MNC)
ESG

  • Financing support to meet business needs at various stages of growth.
  • EFS covers six different areas – working capital, fixed assets, venture debt, trade, projects, and mergers & acquisitions.
  • Stronger support for young businesses.

SG:D Spark (Micro, SME)
IMDA
Aimed at addressing the key challenges and supporting the growth of promising Singapore-based ICM startups through selected Government tools as well as creation of a vibrant, collaborative ecosystem and network.

IMDA – Licensing (Micro, SME, MNC)
IMDA
In regulating the infocomm and media sectors, IMDA administers various licences, creating a level playing field for the various industry players and licensees.

IMDA – Regulations (Micro, SME, MNC)
IMDA
IMDA has put in place a number of guidelines, acts and code of practices, which bring clarity to the industry as well as provide more informed choices for consumers.

Digital Industry Singapore (DISG) (Micro, SME, MNC)
IMDA
A joint office of the Economic Development Board (EDB), Enterprise Singapore (ESG) and Info-communications Media Development Authority (IMDA). DISG will build up both the consumer technology and enterprise technology segments of the ecosystem.

Business Grants Portal (Micro, SME)
Government
One-stop portal for businesses to apply for grants according to their needs without having to approach multiple agencies.

 

You can apply on the Business Grants Portal for:

  • Market Readiness Assistance (Enterprise Singapore)
  • Enterprise Development Grant (Enterprise Singapore)
  • Business Improvement Fund (Singapore Tourism Board)
  • Aviation Development Fund (Civil Aviation Authority of Singapore)
  • Productivity Solutions Grant

Company above 3 yo

Enterprise Development Grant (EDG) (Micro, SME, MNC)
ESG

  • Supports projects in three key categories
    • core capabilities, innovation and productivity, and internationalisation.
  • From 1 April 2020 to 31 December 2020, the support level will be raised from up to 70% to up to 80%.
  • In the same period, for enterprises that are most severely impacted by COVID-19, the maximum support level can be further raised to 90% on a case-by-case basis.
  • Unionised enterprises and Employment and Employability Institute (e2i) partners under the Labour Movement can qualify for an additional 10% funding, subject to endorsement from e2i under NTUC.
  • The maximum support under EDG is capped at 90%, excluding additional out-of-pocket support from the SkillsFuture Enterprise Credit.

Enterprise Financing Scheme (EFS) (Micro, SME, MNC)
ESG

  • Financing support to meet business needs at various stages of growth.
  • EFS covers six different areas – working capital, fixed assets, venture debt, trade, projects, and mergers & acquisitions.
  • Stronger support for young businesses.

Enterprise Leadership for Transformation (ELT) (SME)
ESG

  • Supports business leaders of promising SMEs in achieving the next bound of growth, through structured modular training in business growth capabilities and business coaching in developing a business growth plan.
  • Offers access to an alumni network for peer learning and collaboration.
  • The ELT will be delivered by a network of partners including Institutes of Higher Learning (IHLs), financial institutions, and industry experts.

SME Centre Enhancement – Partners for Business Growth (Micro, SME)
ESG

  • Pilot initiative for businesses that demonstrate ability to accelerate growth and are keen to transform their business in areas such as digitalisation, talent development and internationalisation.
  • SME Centres will partner these businesses to jointly develop business plans and support implementation efforts.

Productivity Solutions Grant (PSG) (Micro, SME)
ESG
From 1 April 2020 to 31 December 2020, the maximum support level will be raised from 70% to 80%.

From 1 April 2020 to 31 December 2020, the scope of pre-approved digital solutions under PSG will be expanded to help SMEs implement safe distancing and business continuity measures. These include tools for online workplace collaboration, virtual meetings, queue management and temperature screening.

Businesses can also access a wider range of pre-scoped solutions, including IT solutions and equipment, as well as consultancy services. Within consultancy, job redesign will be supported for a start. Businesses will be able to achieve productivity gains, and offer more enriching jobs with better wages for workers.

PACT Programme  (SME, MNC)
ESG
Collaborate with other businesses to build capabilities, innovate and pursue new business opportunities in local and overseas markets. Funds up to 70% of qualifying activities.

Land Productivity Grant (LPG) (Micro, SME, MNC)
ESG
Companies that are interested to optimise land use through domestic or overseas relocation can tap on the Land Productivity Grant (LPG) to defray part of the initial cost arising from the relocation.

GoBusiness e-Adviser for Government Assistance (Micro, SME)
Government
Businesses can get customised guidance on government assistance. The e-adviser will recommend the most relevant government assistance to businesses via a guided set of questions on business needs.

GoBusiness Licensing (Micro, SME)
Government

Businesses can look forward to simpler, faster and better processes when transacting with the Government through the GoBusiness Licensing portal. The portal currently provides new businesses in the food services sector with a guided, streamlined journey for licensing applications. The portal will be expanded later in 2020 to cover other key transactions by businesses with the Government.

Business Grants Portal (Micro, SME)
Government
One-stop portal for businesses to apply for grants according to their needs without having to approach multiple agencies.

You can apply on the Business Grants Portal for:

  • Market Readiness Assistance (Enterprise Singapore)
  • Enterprise Development Grant (Enterprise Singapore)
  • Business Improvement Fund (Singapore Tourism Board)
  • Aviation Development Fund (Civil Aviation Authority of Singapore)
  • Productivity Solutions Grant

SkillsFuture Enterprise Credit (SME)
SkillsFuture Singapore
Additional support for employers investing in workforce and enterprise transformation. Up to $10,000 credit per firm to cover up to 90% out-of-pocket expenses for workforce and/or enterprise transformation.

SkillsFuture Leadership Development Initiative (SkillsFuture LDI) (Micro, SME, MNC)
SkillsFuture Singapore
Businesses can leverage on SkillsFuture LDI to develop and/or enhance their in-house leadership development programmes (for example overseas assignments and cross-functional rotations) to expand their pipeline of Singaporean talent.

IMDA – Licensing (Micro, SME, MNC)
IMDA
In regulating the infocomm and media sectors, IMDA administers various licences, creating a level playing field for the various industry players and licensees.

IMDA – Regulations (Micro, SME, MNC)
IMDA
IMDA has put in place a number of guidelines, acts and code of practices, which bring clarity to the industry as well as provide more informed choices for consumers.

Digital Industry Singapore (DISG) (Micro, SME, MNC)
IMDA
A joint office of the Economic Development Board (EDB), Enterprise Singapore (ESG) and Info-communications Media Development Authority (IMDA). DISG will build up both the consumer technology and enterprise technology segments of the ecosystem.

Capability Transfer Programme (Micro, SME, MNC)
Workforce Singapore
Provides funding support for businesses to bring in foreign specialists to transfer new capabilities to local workers, or to send local workers for training overseas to acquire new capabilities.

Career Support Programme (Micro, SME, MNC)
Workforce Singapore
Salary support programme to encourage employers to hire Singaporean PMETs who are unemployed and actively looking for jobs for 6 months or more, or workers aged 40 and above who have been made redundant.

Career Trial (Micro, SME, MNC)
Workforce Singapore
Allows employers to assess jobseekers’ job fit through a short-term trial before offering employment

Enterprise Portal for Jobs & Skills (Micro, SME, MNC)
Workforce Singapore
Businesses can explore information and resources on relevant jobs and skills initiatives under SkillsFuture Singapore and Workforce Singapore via this onestop portal to support their training and human capital development needs

Hiring Incentive (Micro, SME, MNC)
Workforce Singapore
Provide salary support for employers who hire local mid-career workers aged 40 and above through eligible reskilling programmes

P-Max (Micro, SME)
Workforce Singapore
Helps SMEs to better recruit, manage and retain newly-hired PMETs through funding support and workshops on progressive human resource practices.

Professional Conversion Programmes (PCP), Place-and-Train (Micro, SME, MNC)
Workforce Singapore
Receive course fee funding and/or salary support for employers to hire and reskill local jobseekers. Enhanced wage support levels for mature jobseekers at up to 90% under Place-and-Train programmes.

Career Support Programme for Employers (Micro, SME, MNC)
Workforce Singapore
Salary support programme to encourage employers to hire Singaporean PMETs who are unemployed and actively looking for jobs for 6 months or more, or workers aged 40 and above who have been made redundant.

Lean Enterprise Development Scheme (Micro, SME, MNC)
Ministry of Manpower
Provides grants and transitional foreign manpower support to businesses undertaking transformation projects to become more manpower-lean.

Senior Worker Early Adopter Grant (Micro, SME, MNC)
Ministry of Manpower
Supports businesses in raising their company-level retirement and reemployment age above the minimum statutory requirements.

National Centre of Excellence for Workplace Learning (NACE) (Micro, SME)
SkillsFuture Singapore
Businesses can tap on this to build their in-house training system and workplace learning capabilities, as well as certify workplace trainers using best-in-class training practices through customised solutions.

SkillsFuture Enterprise Credit (SME)
SkillsFuture Singapore
Additional support for employers investing in workforce and enterprise transformation. Up to $10,000 credit per firm to cover up to 90% out-of-pocket expenses for workforce and/or enterprise transformation.

Skills Framework (Micro, SME, MNC)
SkillsFuture Singapore
Businesses can use the Skills Framework to design their human resource strategy and talent development plans. Each framework provides key information on the sector, career pathways, job roles, existing and emerging skills required, and suggested training programmes.

SkillsFuture Series (Micro, SME, MNC)
SkillsFuture Singapore
Businesses can use these short, industry relevant programmes to train employees in emerging and priority areas, namely data analytics, finance, tech-enabled services, digital media, cybersecurity, entrepreneurship, advanced manufacturing and urban solutions.

SkillsFuture Work-Study Programmes (Micro, SME, MNC)
SkillsFuture Singapore
Businesses can groom and hire fresh talent through Work-Study Programmes from the Certificate to Post-Graduate levels. Businesses will jointly design and deliver with Institutes of Higher Learning (IHLs) and appointed private providers.

Open Door Programme (ODP) (Micro, SME, MNC)
SG Enable
Supports employers to hire and retain persons with disabilities through job redesign, training and placement services.

Part-Time Re-employment Grant (Micro, SME, MNC)
Employment and Employability Institute (e2i)
Support for businesses that voluntarily commit to providing part time reemployment to all eligible senior workers who request for it.

Productivity Solutions Grant (PSG) (Micro, SME)
ESG
From 1 April 2020 to 31 December 2020, the maximum support level will be raised from 70% to 80%.

From 1 April 2020 to 31 December 2020, the scope of pre-approved digital solutions under PSG will be expanded to help SMEs implement safe distancing and business continuity measures. These include tools for online workplace collaboration, virtual meetings, queue management and temperature screening.

Businesses can also access a wider range of pre-scoped solutions, including IT solutions and equipment, as well as consultancy services. Within consultancy, job redesign will be supported for a start. Businesses will be able to achieve productivity gains, and offer more enriching jobs with better wages for workers.

Tech @ SG Programme (Micro, SME, MNC)
Economic Development Board
Aims to help fast-growing companies access the critical talent they need to grow and scale their business in Singapore and the region.

TechSkills Accelerator (TeSA) (Micro, SME, MNC)
IMDA
Supports both current information and communications technology (ICT) professionals and non-ICT professionals to upgrade and acquire new skills and domain knowledge that are in demand, and to stay competitive and meet the challenges of a fast-moving digital landscape. TeSA’s Company-Led Training Programme will be enhanced to provide more support for businesses looking to hire and train mature PMETs aged 40 and above.

A*STAR Collaborative Commerce Marketplace (ACCM) (SME, MNC)
A*STAR
An online platform that enables businesses to network, form relationships, and foster collaborations among local companies and large multinational companies.

Operation & Technology Roadmapping (OTR) (SME, MNC)
A*STAR
Development of technology roadmaps to map out priorities that are aligned to businesses’ strategies and developmental plans. Consortium OTR (COTR) is also available to cater to the needs of a group of companies.

Singapore Institute of Food and Biotechnology Innovation (SIFBI) (Micro, SME, MNC)
A*STAR
The new institute will strengthen Singapore’s R&D capabilities and support our food and biotechnology innovation ecosystem

Tech Access Initiative (Micro, SME)
A*STAR
Businesses can access a comprehensive suite of A*STAR’s advanced manufacturing equipment and biotech/biomedical scientific services, under the guidance of technical experts.

Technology for Enterprise Capability Upgrading (T-Up) (SME)
A*STAR
Businesses can get access to talent from A*STAR’s Research Institutes and build in-house R&D capabilities.

Centres of Innovation (COIs) (Micro, SME)
ESG
Support businesses in the development and testing of new technology products, through provision of facilities, consultancy, training, and technical services in specific sectors.

Enterprise Development Grant (EDG) (Micro, SME, MNC)
ESG

  • Supports projects in three key categories
    • core capabilities, innovation and productivity, and internationalisation.
  • From 1 April 2020 to 31 December 2020, the support level will be raised from up to 70% to up to 80%.
  • In the same period, for enterprises that are most severely impacted by COVID-19, the maximum support level can be further raised to 90% on a case-by-case basis.
  • Unionised enterprises and Employment and Employability Institute (e2i) partners under the Labour Movement can qualify for an additional 10% funding, subject to endorsement from e2i under NTUC.
  • The maximum support under EDG is capped at 90%, excluding additional out-of-pocket support from the SkillsFuture Enterprise Credit.

Innovation Advisors Programme (Micro, SME)
ESG
Businesses can be guided by innovation mentors who will advise them in the development of innovation strategies, new products and solutions to address market needs, and connect businesses to technology and business partners.

PACT Programme (SME, MNC)
ESG
Collaborate with other businesses to build capabilities, innovate and pursue new business opportunities in local and overseas markets. Funds up to 70% of qualifying activities.

Digital Services Lab (Micro, SME, MNC)
IMDA
Businesses partner with IMDA, tech providers and research institutions to co-develop digital solutions to address sector-wide challenges.

Open Innovation Platform (MNC, SME)
IMDA
Businesses can get matched to problem-owners or solution providers to collaborate and address business needs through digital solutions.

Research Incentive Scheme for Companies (RISC) (Micro, SME, MNC)
Economic Development Board
Encourages the development of research and development capabilities and technologies through the support of projects in the areas of science and technology.

A company awarded with a RISC grant is eligible for co-funding support of up to 30% of qualifying R&D project costs such as manpower, training, consultancy, equipment, software, intellectual property and materials costs. Local manpower may be accorded support of up to 50%.

Translational R&D Grant (TRANS Grant) (Micro, SME, MNC)
Government
Supports translation of R&D into applications and taps on the research community to solve public sector challenges with innovative use of digital technology.

Automation Support Package (ASP) (Micro, SME)
ESG
Until 31 March 2021, businesses can tap on grant, tax and loan support to defray the cost of deployment of large-scale automation solutions.

Productivity Solutions Grant (PSG) (Micro, SME)
ESG
From 1 April 2020 to 31 December 2020, the maximum support level will be raised from 70% to 80%.

From 1 April 2020 to 31 December 2020, the scope of pre-approved digital solutions under PSG will be expanded to help SMEs implement safe distancing and business continuity measures. These include tools for online workplace collaboration, virtual meetings, queue management and temperature screening.

Businesses can also access a wider range of pre-scoped solutions, including IT solutions and equipment, as well as consultancy services. Within consultancy, job redesign will be supported for a start. Businesses will be able to achieve productivity gains, and offer more enriching jobs with better wages for workers.

E-invoicing Registration Grant (Micro, SME, MNC)
IMDA

  • Businesses registered on the nationwide e-invoicing network on or before 31 December 2020 will receive a one-time grant of $200. Businesses can register through more than 50 Peppol-ready accounting and ERP solutions.
  • Businesses incorporated on or before 25 March 2020 and registered on the network on or before 31 December 2020 will automatically receive their grant via PayNow Corporate. There is no need to apply for the grant.

SMEs Go Digital (Micro, SME)
IMDA
Businesses can tap on support available under SMEs Go Digital, a whole-of-government programme that helps businesses develop digital capabilities.

Start Digital (under SMEs Go Digital) (Micro, SME)
IMDA
Businesses can take up a Start Digital Pack that provides simple Accounting, HR Management System & Payroll, Digital Marketing, Digital Transactions and Cybersecurity solutions. Businesses can get a waiver of six months subscription fee for any two solutions with a minimum 18-months contract agreement.

Industry Digital Plans (under SMEs Go Digital) (Micro, SME)
IMDA
Businesses can use Industry Digital Plans (IDPs) as a step-by-step guide on sector-specific digital solutions to adopt at each stage of business growth. IDPs for more sectors are progressively being developed. Businesses can adopt a wide range of pre-approved SME-friendly generic or sector-specific digital solutions, which include AI, cybersecurity and cloud solutions, with funding support from the Productivity Solutions Grant (PSG).

Grow Digital (under SMEs Go Digital) (Micro, SME)
IMDA
Businesses can get a headstart in going global. Get support to leverage digital platforms and channels for access to a larger pool of consumers overseas, and to test new markets. Businesses will also receive training and support to enhance their e-commerce capabilities.

Digital Resilience Bonus (under SMEs go Digital) (Micro, SME)
IMDA
Aims to uplift the digital capabilities of a broad base of enterprises. For a start, DRB will be targeted at the Food Services and Retail sectors which are more affected by safe distancing requirements in the reopening of the economy.

The DRB is given on top of enhanced digitalisation assistance provided under the SMEs Go Digital programme. Food Services and Retail enterprises that have PayNow Corporate, e-invoicing, and use pre-defined categories of digital solutions for Business Processes, Digital Presence and Data Mining and Analytics can receive bonus payouts of up to $10,000.

SME Digital Tech Hub (under SMEs Go Digital) (Micro, SME)
IMDA
Dedicated hub that provides specialist digital technology advisory to SMEs with more advanced digital needs, such as data analytics and cybersecurity.

Digital Project Management Services (under SMEs Go Digital) (Micro, SME)
IMDA
SMEs can tap on subsidised Digital Project Management Services, from a ready pool of skilled digital project managers, to help with implementing digital solutions correctly and timely. This will include the review of business processes, job redesign and time management of the implementation of digital solutions, with the purpose of reaping the full benefits from going digital.

GoCloud (Micro, SME)
IMDA
Supports local ICT SMEs to transform traditional software architecture and development practices to applications deployed and delivered as Cloud-Native applications using Microservices and DevOps, so that they can be more agile, flexible and scalable.

GoSecure (Micro, SME)
IMDA
Designed to increase the cybersecurity capabilities of our local ICT companies and improve their product security posture. The programme helps to identify security gaps in their products and solutions through Security by Design consultation and vulnerability assessment to reduce cybersecurity risks.

Accreditation@SGD (Micro, SME)
IMDA
Accredit promising and innovative Singapore-based high-growth ICM product companies to establish credentials and position them as qualified contenders to government and large enterprise buyers; provide potential end users with the assurance of the accredited companies’ product core functionalities and ability to deliver; build an innovative technopreneur ecosystem to drive economic growth, inspire the younger generation, and build more innovative products and tech product companies that can scale overseas.

SkillsFuture for Digital Workplace (Micro, SME, MNC)
SkillsFuture Singapore
Helps businesses build digital confidence in staff and equip them with the basic digital skills required for the workplace over a two-day course.

Market Expansion Overseas

Enterprise Development Grant (EDG) (Micro, SME, MNC)
ESG

  • Supports projects in three key categories
    • core capabilities, innovation and productivity, and internationalisation.
  • From 1 April 2020 to 31 December 2020, the support level will be raised from up to 70% to up to 80%.
  • In the same period, for enterprises that are most severely impacted by COVID-19, the maximum support level can be further raised to 90% on a case-by-case basis.
  • Unionised enterprises and Employment and Employability Institute (e2i) partners under the Labour Movement can qualify for an additional 10% funding, subject to endorsement from e2i under NTUC.
  • The maximum support under EDG is capped at 90%, excluding additional out-of-pocket support from the SkillsFuture Enterprise Credit.

PACT Programme (SME, MNC)
ESG
Collaborate with other businesses to build capabilities, innovate and pursue new business opportunities in local and overseas markets. Funds up to 70% of qualifying activities.

Global Innovation Alliance (GIA) (Micro, SME, MNC)
ESG
Businesses can gain access to overseas partners for co-innovation and market expansion.

Global Ready Talent Programme (GRT) (SME, MNC)
ESG
Supports Singapore businesses to train and deepen in-market knowledge of their Singaporean employees, and supports students of local IHLs to go on internships.

GRT Programme has been enhanced to encourage more students to go abroad for overseas internships and attachments, deepening the talent pool for businesses.

Market Readiness Assistance (MRA) Grant (SME)
ESG
Businesses can look forward to indepth FTA consultancy and support for overseas business development. To support more local businesses to go overseas, the grant will be enhanced:

  • Grant cap will be increased from $20,000 per year to $100,000 per new market over three years.
  • 70% support level will be extended by three years to 31 March 2023.

Internationalisation Finance Scheme for Non-Recourse (IFS-NR) (Micro, SME, MNC)
ESG
Mid-sized Singapore-based companies developing local and regional infrastructure projects can tap the IFS-NR to manage risk.

International Co-Innovation Programmes – Germany-Singapore SME Funding Programme (SME)
ESG
For Singapore companies keen to embark on joint-innovation projects with German companies.

EUREKA GlobalStars-Singapore Call (Micro, SME, MNC)
ESG
Singapore companies can now receive support in the facilitation of and funding for joint innovation projects with companies from 14 EUREKA countries.

International Co-Innovation Programmes – Singapore-Israel Industrial R&D Programme (Micro, SME, MNC)
ESG
For Singapore companies keen to embark on joint industrial R&D collaboration with Israeli companies.

International Co-Innovation Programmes – Singapore-Shanghai Joint Innovation Call (Micro, SME, MNC)
ESG
For Singapore companies keen to embark on joint innovation projects with Shanghai-based companies.

Free Trade Agreements (FTAs) (Micro, SME, MNC)
ESG
Consists of three main areas:
1) Trade in Goods
2) Trade in Services
3) Investment

SkillsFuture Enterprise Credit (SME)
SkillsFuture Singapore
Additional support for employers investing in workforce and enterprise transformation. Up to $10,000 credit per firm to cover up to 90% out-of-pocket expenses for workforce and/or enterprise transformation.

GlobalConnect@SBF (SME)
Singapore Business Federation
Provides market advisory services and in-market business connections to Singapore businesses looking to expand or deepen their presence in key Southeast Asian and emerging markets

Digital Industry Singapore (DISG) (Micro, SME, MNC)
IMDA
A joint office of the Economic Development Board (EDB), Enterprise Singapore (ESG) and Info-communications Media Development Authority (IMDA). DISG will build up both the consumer technology and enterprise technology segments of the ecosystem.

Grow Digital (under SMEs Go Digital) (SME)
IMDA
Businesses can get a headstart in going global. Get support to leverage digital platforms and channels for access to a larger pool of consumers overseas, and to test new markets. Businesses will also receive training and support to enhance their e-commerce capabilities.

SkillsFuture Enterprise Credit (SME)
SkillsFuture Singapore
Additional support for employers investing in workforce and enterprise transformation. Up to $10,000 credit per firm to cover up to 90% out-of-pocket expenses for workforce and/or enterprise transformation.

Double Tax Deduction for Internationalisation (DTDi) (SME, MNC)
ESG
Businesses can apply for tax deductions on eligible expenses incurred to support businesses’ overseas expansion activities. The DTDi will be extended to 31 December 2025. Beginning 1 April 2020, the scope of the scheme will also be expanded to include:

  • Support for third-party consultancy costs relating to new overseas business development to identify suitable talent and build up business networks.
  • New categories of fees incurred on overseas business missions.

COVID-19 related

Enhanced Property Tax Rebate for 2020 (Micro, SME, MNC)
IRAS

Increased Property Tax Rebate for qualifying commercial properties such as hotels, serviced apartments, tourist attractions, shops and restaurants, from 15% or 30%, to 100%.

  • Other non-residential properties such as offices and industrial properties will receive a new 30% Property Tax Rebate.

Corporate Income Tax (CIT) Rebate (Mirco, SME, MNC)
IRAS

A CIT Rebate of 25% of tax payable, capped at $15,000 per company, will be granted for Year of Assessment 2020.

Deferment of Income Tax Payments (Micro, SME, MNC)
IRAS

  • Automatic deferment of income tax payments for companies and self- employed persons.
  • For companies, income tax payments due in April, May, and June 2020 will instead be payable in July, August, and September 2020 respectively.

Enhanced Rental Waivers (Micro, SME)
Ministry of Law

  • Qualifying commercial tenants, such as those providing commercial accommodation, retail, F&B, recreation, entertainment, and healthcare services, will get 2 months’ worth of rental waivers in total.
  • All other non-residential tenants of Government agencies receive 1 month of rental waiver

Foreign Worker Levy (Micro, SME, MNC)
Ministry of Manpower

Waiver of monthly Foreign Worker Levy due in April 2020.

  • Foreign Worker Levy Rebate of $750 in April 2020 from levies paid this year, for each Work Permit or S Pass holder.

No Increase in Government Fees & Charges (Micro, SME, MNC)
Government

There will be no increases in Government Fees & Charges from 1 April 2020 to 31 March 2021.

Enterprise Financing Scheme – SME Working Capital Loan (EFS-WCL) (Micro, SME)
ESG

  • The EFS-WCL has been further enhanced from 1 April 2020 to 31 March 2021.
  • The maximum loan quantum has been increased to $1 million, up from $600,000 previously.
  • The Government’s risk share of loans have been increased to 90% for loans initiated from 8 April 2020 till 31 March 2021.
  • Businesses may request for deferment of principal repayment for one year, subject to assessment by Participating Financial Institutions (PFIs).

Enterprise Financing Scheme –Trade Loan (EFS-TL) (Micro, SME, MNC)
ESG

  • The EFS-TL (formerly known as Loan Insurance Scheme Plus) supports Singapore-based enterprises’ trade
    financing needs.
  • The EFS-TL will be enhanced for one year, from 1 April 2020 to 31 March 2021.
  • The maximum loan quantum will be increased to $10 million, up from $5 million previously.
  • The Government’s risk share of loans have been increased to 90% for loans initiated from 8 April 2020 till 31 March 2021.

Loan Insurance Scheme (LIS) (Micro, SME)
ESG

The Loan Insurance Scheme helps SMEs secure short-term trade loans by having commercial insurers co-share loan default with PFIs.

  • Subsidies for loan insurance premiums have been increased from 50% to 80%, for one year from 1 April 2020 to 31 March 2021

Temporary Bridging Loan Programme (TBLP) (Micro, SME, MNC)
ESG

  • The TBLP, which was introduced at Budget 2020 to provide additional cash flow support for enterprises in the tourism sector, has been enhanced from 1 April 2020 to 31 March 2021.
  • The programme will be expanded to eligible enterprises across all sectors from 1 April 2020.
  • The maximum loan quantum has also been raised from $1 million to $5 million.
  • The Government’s risk share of loans have been increased to 90% for loans initiated from 8 April 2020 till 31 March 2021.

Enhanced Jobs Support Scheme (Micro, SME, MNC)
IRAS
The Government will provide support for the first $4,600 of monthly wages for every local worker, for nine months till end-2020.

  • Wage support levels will be differentiated by sector. Businesses can check their eligibility on IRAS’ website.
  • For April 2020, firms in all sectors will have their wage support level enhanced to 75% to help them through the ‘circuit breaker’ period.
  • Firms will receive the first payout in April 2020, including the enhanced payout for April wages. Subsequent payouts will be in July and October 2020.

The JSS will be extended by up to seven months (but at lower support levels) to cover wages paid up to Mar 2021, bringing the total wage support under the JSS to 17 months for most sectors. The additional support will be paid out by Mar and Jun 2021.

Enhanced Wage Credit Scheme (Micro, SME, MNC)
IRAS

  • The Government will co-fund 20% and 15% of qualifying wage increases in 2019 and 2020 respectively for Singaporea employees earning a gross monthly wage of up to $5,000.
  • Additional payout to be brought forward from September to end-June 2020.

Government Assistance for Businesses

Government Assistance for Businesses (SME, MNC)
Gov Assist
This is a one-stop portal which includes:

  • An e-Adviser which helps businesses in finding relevant assistance schemes based on their needs.
  • Subscribing to GeBIZ Alerts to receive alerts of Government procurement opportunities posted on GeBIZ.
  • A productivity and grants solution listing

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