Grants

Internationalisation is a key engine of growth for Singapore.

To develop a pro-business environment for internationalisation, the Singapore government has tasked various government agencies to administer grants and non-financial support to help Singapore companies to venture overseas.

Here is a list of assistance schemes you can apply for.

Double Tax Deduction for Internationalisation (DTDi)

To encourage internationalisation, businesses may claim automatic double tax deduction on qualifying expenses incurred up to a specified expenditure cap, if they meet qualifying conditions and without approval.

Find out more: 

https://www.iras.gov.sg/irashome/Schemes/Businesses/Double-Tax-Deduction-for-Internationalisation-Scheme/

Enterprise Development Grant (EDG)

Projects under Market Access support Singapore companies that are willing and ready to venture overseas. You may tap into the Enterprise Development Grant (EDG) to help defray some of the costs of expanding into overseas markets.

Find out more: 

https://www.enterprisesg.gov.sg/financial-assistance/grants/for-local-companies/enterprise-development-grant/market-access

Global Ready Talent Programme (GRTP)

Build a pipeline of global-ready talent through overseas internships and overseas management associate (MA) programmes.

Find out more: 

https://www.smeportal.sg/content/smeportal/en/moneymatters/grants/Global-Ready-Talent-Programme-GRT.html

Internationalisation Finance Scheme (IFS)

Internationalisation Finance Scheme (IFS) is a programme designed to assist aspiring Singapore-based companies who wish to venture abroad and are in need of financing facility.

Find out more: 

https://www.enterprisesg.gov.sg/financial-assistance/loans-and-insurance/loans-and-insurance/internationalisation-finance-scheme

LEAD International Fairs & Missions (LEAD IFM)

LEAD International Fairs & Missions (LEAD IFM) has replaced International Marketing Activities Programme (iMAP) from 1 October 2019 onwards.

Find out more: 

Market Readiness Assistance (MRA) Grant

Market Readiness Assistance (MRA) Grant supports pre-determined activities to help Singapore SMEs set up overseas, identify business partners, and promote your products overseas.

Find out more: 

Plug and Play Network

Tap on the local in-market partners in China, Southeast Asia, India and UAE for market intelligence, business matching and specialised advisory.

Find out more: 

https://www.enterprisesg.gov.sg/non-financial-assistance/for-singapore-companies/new-market-entry-support/ppn/overview

Political Risk Insurance Scheme (PRIS)

Political Risk Insurance Scheme (PRIS) supports qualifying Singapore companies receive premium support for PRI policies. Enterprise Singapore will support 50% of the premium for up to the first three years of each PRI policy.

Find out more: 

https://www.enterprisesg.gov.sg/financial-assistance/loans-and-insurance/loans-and-insurance/political-risk-insurance-scheme

Productivity Solutions Grant (PSG)

The Productivity Solutions Grant (PSG) supports companies in the adoption of pre-scoped IT solutions and equipment that enhances productivity.

Find out more: 

https://www.smeportal.sg/content/smeportal/en/moneymatters/grants/productivity-solutions-grant-psg.html

Tariff Finder

Enjoy tariff savings for easier overseas market access through Singapore’s Free Trade Agreements using the Tariff Finder.

Find out more: 

https://www.enterprisesg.gov.sg/non-financial-assistance/for-singapore-companies/free-trade-agreements/ftas/overview