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Government Grants

The Singapore government offers a variety of grants aimed at supporting business development and fostering economic growth. These grants cover a diverse range of areas, including market expansion, research and development in innovation, technology adoption, and human resource training, among others. Through these grant programs, businesses can access financial support, technological assistance, and professional guidance to drive business growth and enhance international competitiveness. The funding amounts and conditions of the grants vary depending on the specific projects, allowing businesses to choose programs that best suit their needs. The Singapore government is committed to fostering a favorable business environment, promoting innovation and entrepreneurship and offering essential support to help businesses thrive in Singapore.

Enterprise Innovation Scheme

Enterprise Innovation Scheme (EIS) is a program in Singapore that supports various innovation activities for enterprises. It encompasses the following key components:

  1. 100% tax reduction for research and development expenses
  2. The first 400,000 SGD of qualifying R&D expenses can be eligible for an additional 300% tax reduction
  3. Qualified R&D expenditure balances exceeding 400,.000 SGD are eligible for an additional 150% tax credit
  1. The first 400,000 SGD of qualifying IP registration fees can enjoy a 400% tax reduction
  2. Qualified IP registration fee balance exceeding 400,000 SGD can enjoy 100% tax reduction
  1. Eligible intellectual property acquisition costs and/or eligible intellectual property licensing expenses of the initial 400,000 SGD (upper limit of consolidation) can enjoy a 400% tax reduction and/or allowance
  2. If the remaining acquisition cost surpasses the increase in allowance, the claim is eligible for a 100% Write Down Allowance (WDA)
  3. Eligible intellectual property license expenses exceeding the enhanced tax exemption can enjoy 100% tax revenue
  1. The first 400,000 SGD of eligible training expenses can enjoy a 400% tax reduction
  2. Qualified training expenses exceeding 400,.000 SGD and all other training expenses are eligible for 100% tax reduction

The first 50,000 SGD of eligible innovation expenditures can enjoy a 400% tax reduction

Market Readiness Assistance (MRA)

The Market Readiness Assistance (MRA) grant in Singapore provides subsidies for overseas market promotion, business expansion, and establishment costs, assisting companies in expanding into new international markets.

For eligible local small and medium-sized enterprises (SMEs), it can cover up to 50% of the costs, with a cap of SGD 100,000 per company per new market, for the following activities:

  1. Overseas Market Promotion (capped at SGD 20,000)
  2. Overseas Business Development (capped at SGD 50,000)
  3. Overseas Market Set-up (capped at SGD 30,000)


Note: Each application is limited to one activity in a single overseas market.

Enterprise Innovation Scheme (EIS)

The Enterprise Innovation Scheme (EIS) aims to encourage Singaporean businesses to engage in technological development and innovation activities, thereby fostering the development of new products and processes:

  1. Provides funding support of up to 50% for eligible expenditures
  2. Administered through the Singapore Economic Development Board