Financial Assistance And Other Incentive Schemes

EDB has a comprehensive list of incentive and development schemes to assist you in expanding your business.

The schemes are available in the following categories:

Financial Incentives
Tax Incentives

Financial Incentives

Scheme	Benefits	Suitable for
Research Incentive Scheme for Companies (RISC)	Co-funding to support the set-up of R&D centres, and/or the development of in-house R&D capabilities in strategic areas of technology Supportable project costs include expenditure in the following: Manpower Equipment and Materials Professional Services Intellectual Property Rights	Singapore-registered business entities undertaking R&D activities
Initiatives in New Technology (INTECH)	Co-funding to support the manpower development in the application of new technologies, industrial R&D and professional know-how	Singapore-registered business entities introducing or developing new capabilities

For other research and development schemes, please click here to download the leaflet.

Tax Incentives

Scheme	Benefits	Suitable for
Pioneer (Manufacturing)	Tax exemption on income from qualifying activities	Manufacturing
Pioneer (Services) (also available for IHQ Award)	Tax exemption on income from qualifying activities	Services GHQ
Development and Expansion Incentive (also available for IHQ Award)	Reduced tax 5% or 10% on incremental income from qualifying activities	Manufacturing Services RHQ/IHQ IP Hub
Investment Allowance	Allowance of 30% or 50% of approved fixed capital expenditure on top of normal 100% capital allowance	Manufacturing
Finance & Treasury Centre Tax Incentive	Reduced tax 5% or 10% on fees, interest, dividends and gains from qualifying services/activities WHT exemption on interest payments on loans from banks and network companies for FTC activities	FTC
Approved Royalties Incentive	Reduced WHT 0% or 5% on royalty payments to access advanced technology and know-how	Manufacturing
Approved Foreign Loan	Reduced WHT 0%, 5% or 10% on interest payments on loans taken to purchase productive equipment	Manufacturing
S19B writing-down allowances for IP acquisition	Automatic 5-year write-down if legal and econ IPR are acquired EDB's approval is required if only econ IPR is acquired	Manufacturing IP Hub
S19C writing-down allowances for R&D cost-sharing	1-year write-down for R&D cost-sharing payments	Manufacturing IP Hub

Click here to find out more about the Investment Allowance (IA) Scheme for Aircraft Rotables

The Land Intensification Allowance (LIA) is a targeted scheme to promote the intensification of industrial land use towards more land-efficient and higher value-added activities. The qualifying period of the LIA scheme is from 1 July 2010 to 30 June 2015. Approved LIA incentive recipients will be able to enjoy an initial tax allowance of 25% and annual tax allowances of 5% on qualifying capital expenditure incurred for the construction or renovation/extension of a qualifying building or structure.

Please refer to the circular for more details on the incentive.

Click here to download HQ Leaflet

Click here to download the Finance and Treasury Centre (FTC) Award Brochure

For further enquiries, visit EDB’s Client Services Centre or contact them at (65) 6832 6832.

Local Government Incentives

The government has established a number of incentive programmes to help companies improve efficiency, strengthen capabilities and explore new opportunities in their business. Some programmes cater to the needs of startups and local enterprises, while others are designed for global companies with large-scale needs such as the set up of regional headquarters in Singapore.

For a list of government incentives for businesses, please visit the business.gov.sg portal.

For statutes relating to the tax incentives in the categories below, please refer to the Economic Expansion Incentives Act and the relevant provisions in the Income Tax Act, at the following link: http://statutes.agc.gov.sg/

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