Business Forecast Report

    • Business Monitor International, click here to get the report.

      • The Singapore Business Forecast Report helps businesses with market assessment, strategic planning and decision making

      • to promote growth and profitability in Singapore and is an essential tool for CEOs, Chairmen, Finance Directors / CFOs,

      • Managing Directors, Marketing / Sales Directors with commercial interests in this emerging market. An influential new

      • analysis of Singapore's economic, political and financial prospects through end-2016, just published by award-winning

      • forecasters, Business Monitor International (BMI).

    • Internet Statistics Compendium, click here to get full report.

    • A comprehensive collection of the most recent statistics and market data publicly available on online marketing,

    • e-commerce, the internet and related digital media within the region.

Business Angels and Venture Capitalist

Debt Financing Schemes from Financial Institutions in Singapore

Other Debt Financing Schemes

Micro Loan Programme

The maximum loan amount under this programme is S$50,000. Businesses can choose between a fixed interest (6.25% per annum) or variable interest rate loan. The loan repayment period is up to 4 years.

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Local Enterprise Finance Scheme (LEFS)

The scheme offers loans of up to S$15 million.

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Loan Insurance Scheme (LIS)

This scheme provides loan insurance to secure loans against default. The government will share the cost of the insurance premium with the borrower.

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Internationalisation Finance Scheme (IFS)

This is an asset-based loan, or structured loan based on the value of sales order/contract amount/ project value, up to a maximum loan amount of S$15 million.

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Equity Financing Schemes

Business Angels Scheme (BAS)

For every S$1 invested by Business Angel Funds under BAS, SPRING Singapore will match S$1, up to a maximum of S$1 million. The minimum investment per start-up by the Business Angel Fund must be at least S$75,000.

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Targeted at non-technology-based businesses, SPRING Singapore will match S$1 for every S$1 raised from private investors, up to a maximum of S$300,000 for this scheme. The minimum investment by private investors must be at least S$75,000.

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Enterprise Fund

This scheme works in the form of financial participation from S$1 million to S$3 million, usually structured as convertible loans or debts with equity options with pre-defined repayment tenures.

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Growth Financing Programme (GFP)

Every S$2 raised from third party investors will be matched by S$1 from SPRING Singapore, up to a maximum of S$1 million. The minimum investment amount from third party investors must be S$500,000.

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Patent Application Fund Plus (PAF Plus)

This grant is for the purpose of defraying the costs of patent application.

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Innovation Development Scheme (IDS)

This grant helps to provide co-funding to support innovation in products, processes and applications.

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Locally-based Enterprise Advancement Programme (LEAP)

This grant is to support multiplier companies in their own industries and enterprise development of Singapore-based companies.

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Local Industry Upgrading Programme (LIUP)

This grant provides support for local suppliers to upgrade through collaborations with MNCs.

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Tax Incentives

Tax Exemption for Start-ups

Start-ups are granted tax exemption on the first S$100,000 of chargeable income (excluding Singapore franked dividends) for any of the first 3 consecutive years of tax assessment falling within Years of Assessment 2005 to 2009.

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Enterprise Investment Incentive Scheme (EII)

This scheme aims to help start-ups attract more investments as investors can deduct up to S$3 million of losses against their taxable income.

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Pioneer Incentive (PC-M or PC-S)

Tax exemption on qualifying profits is granted up to 15 years for projects that result in the creation of new industries or the strategic expansion of existing industries in Singapore.

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Industrial Exemption Factory Scheme

100% tax exemption for two years on dutiable raw materials for high-end industries is granted.

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Zero GST Warehouse Scheme

This scheme aims to improve a company’s cash flow by allowing a suspension of GST during storage of non-dutiable goods in licensed warehouses until they are released for local consumption.

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Investment Allowance (IA)

A tax incentive serving as a further capital allowance on qualifying equipment costs incurred within a set period will be given.

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Development and Expansion Incentive (DEI)

This tax incentive provides preferential corporate tax rate on all qualifying profits above a pre- determined base, for a set period.

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Licensed Warehouse Scheme (LWS)

The main advantage of this scheme is that duty and taxes (GST) are suspended in Licensed Warehouses until the imported dutiable goods are removed from the premises and enter the local market for consumption.

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Global Trader Programme (GTP)

The scheme provides companies with a concessionary tax rate of not more than 10% on offshore trading income from qualifying commodities and products.

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Double Deduction for Overseas Investment Development Expenditure (DD)

This scheme allows for double deduction of expenses that are not deducted under Section 14 of the Income Tax Act, and a further deduction of expenses (that are deductible under Section 14 of the Income Tax Act) against income of approved expenditure in activities to start or develop overseas investments. The maximum amount of eligible expenses allowed for deduction under this scheme is S$200,000 per approval.

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Overseas Investment Incentive (OII)

This scheme allows for deferment of taxable income for 2 years for any current year losses arising from an approved overseas investment during the first 3 years of the investment.

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Overseas Enterprise Incentive (OEI)

Tax exemption is given on qualifying income from approved overseas investments/projects for up to 10 years.

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Regional/International Headquarters Award (RHQ/IHQ)

Companies under this scheme can enjoy a customised package of tax incentives or grants including a concessionary tax rate of 15% on incremental qualifying income from abroad for 5 years.

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Double Tax Deduction for Market Development (DTD)

This scheme allows for deduction of twice the level of approved expenses for approved projects against the company’s taxable income.

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Expansion Incentive for Partnerships (EIP)

Tax exemption is granted for 50% of the qualifying overseas income of professional services companies above a pre-determined base.

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Supporting Programmes

Trade Credit Insurance (TCI) Programme

The scheme allows companies to obtain insurance for accounts receivables against non-payment at premium rates normally available to businesses with substantial trade volume, at average premium rates of 0.18% to 0.35%.

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Warehouse Retail Scheme

The scheme assists businesses to achieve savings and productivity gains from co-location of various functions in one centralised location.

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International Partners Programme (iPartners)

The scheme promotes co-funding to defray a percentage of costs, and requires the alliance of a leading industry player with strong access to overseas markets, and at least 2 other companies with complementary services, products, capabilities or technology.

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Local Enterprise Technical Assistance Scheme (LETAS)

Companies will be given a subsidy of up to 50% of the cost of hiring external consultants to implement quality management and IT systems.

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Wordpress - Blog

The Straits Times - Leading Singapore News

The Economist - The Economist

SPRING Singapore - Enabling Enterprise

Slideshare - Slideshare

Singapore Statistics - Singapore Statistics

Singapore Government Directory - Singapore Government Directory

Shopify - E-Commerce Platform

Search Engine Marketing - A digital marketing solutions driving $30+ billion in revenue for clients each year

Quora - Everything you want to know about

Property Guru - Singapore's Leading Property Sites

Ministry of Trade and Industry - Ministry of Trade and Industry

Ministry of Manpower - Ministry of Manpower

Ministry of Law - Ministry of Law

Ministry of Finance - Ministry of Finance

Ministry of Education - Ministry of Education

Jobsdb - Singapore Job Search & Recruitment Sites

IE Singapore - Driving Singapore's External Economy

Great Eastern - Insurance Company

Google Analytics - Google Analytics

EnterpriseONE - Serving Singapore's Business Community

EDB Singapore - Future Ready Singapore

Dropbox - Dropbox