Investment Incentives

None.

None.

The government offers various forms of assistance to companies operating in Singapore. The assistance is provided in the form of funding assistance and grants through its agencies, including:

• EDB, which provides assistance, funding and grants to companies through various schemes/ programmes;
• IE Singapore, which provides financial assistance to Singapore companies entering the export market through the Market and Investment Development Assistance Scheme (MIDAS);
• SPRING Singapore, which offers various financial assistance schemes; - the Design Centre, a division of the Trade Development Board, which administers the Design Ventures Programme to help Singaporean manufacturers in their design ventures;
• the Skills Development Fund, which operates under the Singapore Workforce Development Agency to provide incentive grants to defray the costs of training employees and retraining retrenched or redundant workers;
• the Agency for Science, Technology and Research (A*STAR), which provides grant funding for research and development programmes through The Biomedical Research Council (BRC) and the Science and Engineering Research Council (SERC), to encourage research and development for the advancement of specific objectives, emphasizing technical innovation and training of research staff; and
• MAS, which administers the Export Bills Re-discounting Scheme (EBRS) to provide easy access to short-term financing for exporters of eligible locally manufactured export products, at favourable interest rates through the exporter’s bank.