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
| Business Development | Biomedical Translation Fund | Provides companies with venture capital through licensed private sector fund managersFrom Brandon Capital Partners, OneVentures Management and BioScience Managers | Early-stage biomedical companiesCan be a product, process, service (including digital health services), technology or procedure |
|---|---|---|---|
| Internationalisation | Export Market Development Grant | Up to 50% reimbursement of eligible expenses, less the first $5,000Up to $150,000 per application, to a maximum of eight annual grants | Australian company that has an income less than $50million for the year and spent at least $15,000 on eligible export promotional activities |
| Innovation | R&D Tax Incentives | Non-refundable 38.5% tax off-set for large business 43.5% refundable tax off-set for SMEs |
Large businesses and SMEs |
| Entrepreneur’s Programme | Accelerating commercialisation: Up to 50% of eligible expenditure to support commercialisation project, maximum of $1million, and inclusive of expert guidance Innovation connection grants: Funds research projects in collaboration with a Publicly Funded Research Organisation and maximum of $50,000 |
SMEs and startups | |
| Business Research and Innovation Initiative | For businesses that provide solutions to challenges in the government sector Up to $100,000 to do a feasibility study over 3 months Most successful ideas are eligible for a further grant of up to $1 million to develop a prototype or proof of concept |
SMEs | |
| CSIRO Kick-Start | Supported by the National Science Agency, dollar-matched funding of $10,000-$50,000 to undertake the research activities with CSIRO: Research into new idea Development of new or improved product/process Testing of new idea |
SMEs and startups |
Internationalisation
| Business Development | Biomedical Translation Fund | Provides companies with venture capital through licensed private sector fund managersFrom Brandon Capital Partners, OneVentures Management and BioScience Managers | Early-stage biomedical companiesCan be a product, process, service (including digital health services), technology or procedure |
|---|---|---|---|
| Internationalisation | Export Market Development Grant | Up to 50% reimbursement of eligible expenses, less the first $5,000Up to $150,000 per application, to a maximum of eight annual grants | Australian company that has an income less than $50million for the year and spent at least $15,000 on eligible export promotional activities |
| Innovation | R&D Tax Incentives | Non-refundable 38.5% tax off-set for large business 43.5% refundable tax off-set for SMEs |
Large businesses and SMEs |
| Entrepreneur’s Programme | Accelerating commercialisation: Up to 50% of eligible expenditure to support commercialisation project, maximum of $1million, and inclusive of expert guidance Innovation connection grants: Funds research projects in collaboration with a Publicly Funded Research Organisation and maximum of $50,000 |
SMEs and startups | |
| Business Research and Innovation Initiative | For businesses that provide solutions to challenges in the government sector Up to $100,000 to do a feasibility study over 3 months Most successful ideas are eligible for a further grant of up to $1 million to develop a prototype or proof of concept |
SMEs | |
| CSIRO Kick-Start | Supported by the National Science Agency, dollar-matched funding of $10,000-$50,000 to undertake the research activities with CSIRO: Research into new idea Development of new or improved product/process Testing of new idea |
SMEs and startups |
Innovation
| Business Development | Biomedical Translation Fund | Provides companies with venture capital through licensed private sector fund managersFrom Brandon Capital Partners, OneVentures Management and BioScience Managers | Early-stage biomedical companiesCan be a product, process, service (including digital health services), technology or procedure |
|---|---|---|---|
| Internationalisation | Export Market Development Grant | Up to 50% reimbursement of eligible expenses, less the first $5,000Up to $150,000 per application, to a maximum of eight annual grants | Australian company that has an income less than $50million for the year and spent at least $15,000 on eligible export promotional activities |
| Innovation | R&D Tax Incentives | Non-refundable 38.5% tax off-set for large business 43.5% refundable tax off-set for SMEs |
Large businesses and SMEs |
| Entrepreneur’s Programme | Accelerating commercialisation: Up to 50% of eligible expenditure to support commercialisation project, maximum of $1million, and inclusive of expert guidance Innovation connection grants: Funds research projects in collaboration with a Publicly Funded Research Organisation and maximum of $50,000 |
SMEs and startups | |
| Business Research and Innovation Initiative | For businesses that provide solutions to challenges in the government sector Up to $100,000 to do a feasibility study over 3 months Most successful ideas are eligible for a further grant of up to $1 million to develop a prototype or proof of concept |
SMEs | |
| CSIRO Kick-Start | Supported by the National Science Agency, dollar-matched funding of $10,000-$50,000 to undertake the research activities with CSIRO: Research into new idea Development of new or improved product/process Testing of new idea |
SMEs and startups |
Jobs and Skills
| Business Development | Biomedical Translation Fund | Provides companies with venture capital through licensed private sector fund managersFrom Brandon Capital Partners, OneVentures Management and BioScience Managers | Early-stage biomedical companiesCan be a product, process, service (including digital health services), technology or procedure |
|---|---|---|---|
| Internationalisation | Export Market Development Grant | Up to 50% reimbursement of eligible expenses, less the first $5,000Up to $150,000 per application, to a maximum of eight annual grants | Australian company that has an income less than $50million for the year and spent at least $15,000 on eligible export promotional activities |
| Innovation | R&D Tax Incentives | Non-refundable 38.5% tax off-set for large business 43.5% refundable tax off-set for SMEs |
Large businesses and SMEs |
| Entrepreneur’s Programme | Accelerating commercialisation: Up to 50% of eligible expenditure to support commercialisation project, maximum of $1million, and inclusive of expert guidance Innovation connection grants: Funds research projects in collaboration with a Publicly Funded Research Organisation and maximum of $50,000 |
SMEs and startups | |
| Business Research and Innovation Initiative | For businesses that provide solutions to challenges in the government sector Up to $100,000 to do a feasibility study over 3 months Most successful ideas are eligible for a further grant of up to $1 million to develop a prototype or proof of concept |
SMEs | |
| CSIRO Kick-Start | Supported by the National Science Agency, dollar-matched funding of $10,000-$50,000 to undertake the research activities with CSIRO: Research into new idea Development of new or improved product/process Testing of new idea |
SMEs and startups |
Digitalisation
| Business Development | Biomedical Translation Fund | Provides companies with venture capital through licensed private sector fund managersFrom Brandon Capital Partners, OneVentures Management and BioScience Managers | Early-stage biomedical companiesCan be a product, process, service (including digital health services), technology or procedure |
|---|---|---|---|
| Internationalisation | Export Market Development Grant | Up to 50% reimbursement of eligible expenses, less the first $5,000Up to $150,000 per application, to a maximum of eight annual grants | Australian company that has an income less than $50million for the year and spent at least $15,000 on eligible export promotional activities |
| Innovation | R&D Tax Incentives | Non-refundable 38.5% tax off-set for large business 43.5% refundable tax off-set for SMEs |
Large businesses and SMEs |
| Entrepreneur’s Programme | Accelerating commercialisation: Up to 50% of eligible expenditure to support commercialisation project, maximum of $1million, and inclusive of expert guidance Innovation connection grants: Funds research projects in collaboration with a Publicly Funded Research Organisation and maximum of $50,000 |
SMEs and startups | |
| Business Research and Innovation Initiative | For businesses that provide solutions to challenges in the government sector Up to $100,000 to do a feasibility study over 3 months Most successful ideas are eligible for a further grant of up to $1 million to develop a prototype or proof of concept |
SMEs | |
| CSIRO Kick-Start | Supported by the National Science Agency, dollar-matched funding of $10,000-$50,000 to undertake the research activities with CSIRO: Research into new idea Development of new or improved product/process Testing of new idea |
SMEs and startups |