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Government subsidies

The Singapore Government offers a variety of grant schemes designed to support enterprise development and drive economic growth. These grants cover a wide range of areas, including market expansion, innovative R&D, technology application and human resource training. Through these schemes, enterprises can obtain financial assistance, technical support and professional guidance to boost business growth and enhance international competitiveness. The funding amount and eligibility criteria vary by scheme, allowing companies to select suitable options based on their own needs. The Singapore Government is committed to creating a sound business environment for enterprises, encouraging innovation and entrepreneurship, and providing necessary support to help businesses thrive in Singapore.

Enterprise Innovation Scheme
企业创新计划

  1. 100% tax deduction for R&D expenses
  2. The first SGD 400,000 of qualifying R&D expenses enjoy an additional 300% tax deduction
  3. The balance of qualifying R&D expenses exceeding SGD 400,000 enjoys an additional 150% tax deduction
  1. The first SGD 400,000 of qualifying IP registration expenses are eligible for 400% tax deduction
  2. The remaining amount of qualifying IP registration expenses exceeding SGD 400,000 is eligible for 100% tax deduction
  1. The first SGD 400,000 (combined cap) of qualifying intellectual property acquisition costs and/or qualifying intellectual property licensing expenses are eligible for 400% tax deduction and/or grants.
  2. The balance of acquisition costs exceeding the enhanced grant claim qualifies for 100% Writing-Down Allowance (WDA).
  3. The portion of qualifying intellectual property licensing expenses exceeding the enhanced tax deduction qualifies for 100% tax relief.
  1. The first SGD 400,000 of qualifying training expenses are eligible for 400% tax deduction
  2. The balance of qualifying training expenses exceeding SGD 400,000 and all other training expenses are eligible for 100% tax deduction

The first SGD 50,000 of qualifying innovation expenses are eligible for 400% tax deduction

Market Readiness Assistance (MRA)

The Market Readiness Assistance (MRA) Grant helps enterprises expand into new overseas markets by subsidizing expenses for overseas marketing, business expansion and market establishment.

For eligible local SMEs, the grant covers up to 50% of qualifying costs, with a maximum cap of SGD 100,000 per company per new market, including the following activities:

  • Overseas market promotion (cap: SGD 20,000)
  • Overseas business expansion (cap: SGD 50,000)
  • Overseas market establishment (cap: SGD 30,000)


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

EIS Enterprise Innovation Scheme

It is designed to encourage Singapore enterprises to engage in technological development and innovation activities, fostering the creation of new products and new processes:

  • Up to 50% funding grant for eligible expenses
  • Applications administered by the Singapore Economic Development Board