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GOVERNMENT DEVELOPMENT ASSISTANCE PROGRAMMES
TIMES BUSINESS DIRECTORY OF SINGAPORE 2020/2021
VENTURING ABROAD
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Programmes Description Reference
Double Tax Deduction (DTD) for Internationalisation
Market Readiness Assistance (MRA)
Companies planning to expand overseas can benefit from the Double Tax Deduction Scheme for Internationalisation (DTDi), with a 200% tax deduction on eligible expenses for international market expansion and investment development activities.
Eligibility Criteria
Companies should meet the following criteria:
• Reside in Singapore with a primary purpose of promoting the trade of goods or provision of
services.
• Businesses enjoying discretionary incentives may also be allowed to qualify for the DTDi
scheme on a case-by-case basis, subject to approval by Enterprise Singapore or Singapore Tourism Board. Incentivised businesses must have their global headquarters in Singapore, with the primary purpose of trading in goods or providing services, and have an intention to internationalise.
Projects should meet the following key objectives:
• Promote the company’s new products and services to new target market(s).
• Identify new customers in target market(s) for the company’s existing products and services.
• Promote the company’s new products and services to existing customers.
• Promote the company’s existing products and services to existing markets so as to increase
market share.
Small and medium enterprises (SMEs) will receive an international boost with the Market Readiness Assistance (MRA) grant to help take your business overseas.
Eligible SMEs will receive the following support:
• Up to 70% of eligible costs, capped at S$100,000 per company per new market from
1 April 2020 to 31 March 2023 that covers:
– Overseas market promotion (capped at S$20,000)
– Overseas business development (capped at S$50,000) – Overseas market set-up (capped at S$30,000)
Eligibility Criteria
Companies should meet the following criteria:
• Business entity is registered/incorporated in Singapore
• New market entry criteria, i.e. target overseas country whereby the applicant has not exceeded
S$100,000 in overseas sales in each of the last three preceding years
• At least 30% local shareholding
• Group Annual Sales Turnover of not more than S$100 million; OR Company’s Group Employment
Size of not more than 200 employees
ES
ES
LEGEND A*STAR
Agency for Science, Technology and Research
BCA
Building and Construction Authority
EDB
Economic Development Board
EMA
Energy Market Authority
ES
Enterprise Singapore
IMDA
Info-communications Media Development Authority
IRAS
Inland Revenue Authority of Singapore
NEA
National Environment Agency
SSG
SkillsFuture Singapore
STB
Singapore Tourism Board
WSG
Workforce Singapore
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