Singapore has one of the least corrupt business environments in Asia thanks to the definition of clear business rules and their consistent enforcement. Singapore attracts global companies and entrepreneurs eager to start a company there to cater to the high-income Singaporean population or serve as a regional and global business platform. The secure, peaceful and dynamic living environment carefully designed by the Singaporean authorities ensures professionals and their families enjoy their life in the country while pro-business policies ensure Singapore's economic attractiveness. Companies and professionals in Singapore notably benefit from its simple and globally competitive tax system.

Key Acronyms

MNCs and LLEs (Multinational Corporations and Large Local Enterprises) - Revenue: > S$100mil

SME (Small to Medium Enterprises) - Revenue: S$1mil - S$100mil

Micro Enterprises - Revenue: <S$1mil

Business Development And Leadership

Grants	What Do You Get	FOR
Enterprise Development Grant (EDG)	• Scheme supports projects in three key categories - core capabilities, innovation and productivity, and internationalisation. • Enhanced support of up to 70% to continue until 31 March 2023.	• MNCs and LLEs • SME • Micro Enterprises
Enterprise leadership for transformation (ELT)	• 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
SME Centre enhancement - Partners For Business Growth	• 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.	• SME • Micro enterprises
GoBusiness Licensing	• Businesses can look forward to simpler, faster and better processes when transacting with the Government through the GoBuisness 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.	• SME • Micro Enterprise
Executive In Residence	• Support for trade associations and business chambers to engage experienced professionals with relevant expertise, and to match them to businesses to assist in transformation, capability building, and internationalisation efforts.	• SME
Skillfuture Enterprise Credits	• 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.	• SME

Internationalisation

Grants	What Do You Get	FOR
Enterprise Development Grant (EDG)	• Scheme supports projects in three key categories - core capabilities, innovation and productivity, and internationalisation. • Enhanced support of up to 70% to continue until 31 March 2023.	• MNCs and LLEs • SME • Micro Enterprises
Enterprise leadership for transformation (ELT)	• 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
SME Centre enhancement - Partners For Business Growth	• 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.	• SME • Micro enterprises
GoBusiness Licensing	• Businesses can look forward to simpler, faster and better processes when transacting with the Government through the GoBuisness 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.	• SME • Micro Enterprise
Executive In Residence	• Support for trade associations and business chambers to engage experienced professionals with relevant expertise, and to match them to businesses to assist in transformation, capability building, and internationalisation efforts.	• SME
Skillfuture Enterprise Credits	• 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.	• SME

Innovation

Grants	What Do You Get	For
Centres Of Innovation	• Support businesses in the development and testing of new technology products, through provision of facilities, consultancy, training, and technical services in specific sectors.	•SME •Micro Enterprises
PACT Programme	• 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.	•MNCs and LLEs •SME
Intellectual Property (IP) Scheme	• Online marketplace and consultancy for businesses to connect with providers of suitable technology IP for business needs	•MNCs and LLEs •SME •Micro Enterprises
Intellectual Property Intermediary	• Businesses can access subsidised programmes including IP audit, IP strategy advisory, IP analytics and business/ legal clinics to accelerate translation of technologies, brands and IP to the market.	•MNCs and LLEs •SME •Micro Enterprises

Jobs and Skills

Grants	What Do You Get	For
Capability Transfer Programme	• 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.	•MNCs and LLEs •SME •Micro Enterprises
Career Support Programme	• 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.	•MNCs and LLEs •SME •Micro Enterprises
National Centre Of Excellence For Workplace Learning	• 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.	•SME •Micro Enterprises
Professional Conversion Program	• 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.	•MNCs and LLEs •SME •Micro Enterprises
Skillsfuture Enterprise Credit	• 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.	•MNCs and LLEs •SME •Micro Enterprises
Techskills Accelerator	• 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.	•MNCs and LLEs •SME •Micro Enterprises

Digitalisation

Grants	What Do You Get	For
Automation Support Package	• Businesses can tap on grant, tax and loan support to defray the cost of deployment of large-scale automation solutions, supported until 31 March 2021.	•SME •Micro Enterprises
Productivity Solution Grants	• Businesses can 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.	•SME •Micro Enterprises
Start Digital	• 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.	•SME •Micro Enterprises
SME Go Digital	• 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.	•SME •Micro Enterprises