SME GRANTS

If your business is classified as a Small and Medium Enterprise (SME), the Singapore Government has schemes to support you to overcome business challenges and tap growth opportunities.

Capability Development Grant (CDG)

The CDG supports SMEs to build up capabilities to grow their businesses locally and globally.
Grant Benefits
The CDG defrays to 70% of qualifying project costs.
Projects That Qualifies
CDG supports qualifying project costs such as Consultancy, Training, Certification and Equipment Costs; or large-scale upgrading projects in areas like increasing productivity, process improvement, product development and market access.

Development Areas:

  • Brand Development
  • Business Excellence
  • Business Innovation
  • Enhancing Quality and Standards
  • Financial Management
  • Human Capital Development
  • Intellectual Property and Franchising
  • Service Excellence
  • Technology Innovation
  • Productivity Improvement
SMEs That Qualifies
  • Registered and operating in Singapore.
  • At least 30% local shareholding.
  • Group annual sales turnover not more than S$100m or group employment not more than 200 employees.
Read more details here

Market Readiness Assistance Grant (MRA)

Businesses can get financial support on eligible third-party costs to expand overseas.
Grant Benefits
Up to 70% of eligible third-party costs (capped at maximum 2 applications or $20,000 per company per fiscal year) on supportable activities such as:

 

  • Overseas market set-up
  • Identification of business partners
  • Overseas market promotion
Projects That Qualifies
The MRA Grant supports the following qualifying activities: –

  • Market Assessment
  • Market Entry
  • Business Matching
  • Overseas PR and Marketing Activities
  • Online Marketing Activities (including Search Engine Marketing or Optimisation)
  • Participation In Overseas Trade Fairs (not supported under International Marketing Activities Program)
SMEs That Qualifies
  • Global HQ anchored in Singapore.
  • Annual turnover less than $100m per annum.
Read more details here

Double Tax Deduction for Internationalisation (DTDi)

The DTDi Grant supports SMEs in market expansion and investment development activities.

Grant Benefits
200% tax deduction on eligible expenses on qualifying activities.
Projects That Qualifies

Qualifying activities include: –

(1) Market Preparation

Engaging third-party professional consultant for: –

  • Design of packaging for overseas markets.
  • Products/services certification for overseas markets.
  • Market surveys/ feasibility studies.

 

(2) Market Exploration

  • Overseas business development trips/ missions.
  • Overseas trade fairs.
  • Local trade fairs approved by IE Singapore or Singapore Tourism Board (STB).

 

(3) Market Promotion

  • Overseas advertising and promotion campaigns.
  • Production of corporate brochures for overseas distribution.
  • Advertising in approved local trade publications.

 

(4) Market Presence

 

  • Overseas trade offices.
  • Master licensing and franchising
  • Employee overseas posting.
  • Overseas investment study trips/ missions.
  • Investment feasibility/ due diligence studies.
SMEs That Qualifies
  • Singapore-registered company or have a permanent establishment in Singapore.
  • Not enjoying other government tax incentives or concessions.

Read more details here

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