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Singapore Trust Mark

Learn about our Incentives & Schemes for Businesses

We offer a range of support to key enterprises

To develop high-value and substantive economic activities in Singapore, we encourage businesses to upgrade their capabilities or expand the scope of their business operations in Singapore, including through several
incentives and schemes.

Growing Industries

Refundable Investment Credit (RIC)

The Refundable Investment Credit (RIC) encourages companies to undertake substantive and high-value economic activities in Singapore. The RIC is a tax credit with a refundable cash feature, designed to be consistent with the Global Anti-Base Erosion ("GloBE") rules for Qualified Refundable Tax Credits. The RIC activities and expenditure categories are aligned with the four pillars of our Singapore Economy 2030 vision (i.e. trade, enterprise, manufacturing and services) and our green transition goals.

The RIC is open to all companies that make significant new investments that contribute to Singapore’s economy and/or advance Singapore’s capabilities in globally leading or new growth industries.

 

Refundable Investment Credit (RIC) Factsheet


Pioneer Certificate Incentive (PC) & Development and Expansion Incentive (DEI)

The Pioneer Certificate Incentive (PC) and the Development and Expansion Incentive (DEI) aim to encourage companies to grow capabilities and conduct new or expanded economic activities in Singapore. Companies that carry out global or regional headquarters (HQ) activities of managing, coordinating and controlling business activities for a group of companies may also apply for DEI for the HQ activities.

Manufacturing Activities

Find out about Singapore’s manufacturing ecosystem, and how manufacturers have benefitted from establishing operations in Singapore here.

 

Pioneer Industries (Manufacturing) Factsheet

Development and Expansion Incentive for Manufacturing Factsheet


Headquarters Activities

International Headquarters Award Factsheet


Services Activities

Development and Expansion Incentive for Services Factsheet


Finance & Treasury Centre (FTC) Incentive

The Finance and Treasury Centre (FTC) Incentive aims to encourage companies to grow treasury management capabilities and use Singapore as a base for conducting strategic finance and treasury management activities.

 

 

Aircraft Leasing Scheme (ALS) &
Aircraft Investment Manager (AIM) Incentive

The Aircraft Leasing Scheme (ALS) and Aircraft Investment Manager (AIM) Incentive aim to encourage companies to develop aircraft leasing capabilities and grow the aircraft leasing industry in Singapore.

 

Innovation, R&D, and
Capability Development

Intellectual Property (IP) Development Incentive (IDI)

The IP Development Incentive (IDI) aims to encourage the use and commercialisation of intellectual property rights arising from research and development (R&D) activities.

 


Partnerships for Capability Transformation (PACT) Scheme

This scheme was introduced to help original equipment manufacturers (OEMs), and their suppliers cover a portion of costs related to equipment, materials, testing, and professional services.

View Scheme

 

Research and Innovation Scheme for Companies (RIS(C))

The Research and Innovation Scheme for Companies (RIS(C)) aims to encourage companies’ technology development and innovation activities, to bring about the development of product and processes from Singapore.

 

Tech@SG Programme

The Tech@SG Programme aims to help fast-growing companies establish their core teams in Singapore and more quickly capture business opportunities here and in the region. Jointly administered by EDB and Enterprise Singapore, the programme will facilitate the entry of global technology talent for eligible companies.

View Programme Details

 

Tech.Pass

Tech.Pass is a visa that allows established tech entrepreneurs, leaders or technical experts from around the world to come to Singapore to perform frontier and disruptive innovations. The pass is administered by the Singapore Economic Development Board.

View Pass Details

 

Training Grant for Company (TGC)

The Training Grant for Company (TGC) aims to encourage manpower capability development in applying new technologies, industrial skills and professional know-how through the support of training programmes for companies’ employees.

 

Resource Efficiency and Sustainability

Resource Efficiency Grant for Energy (REG(E))

The Resource Efficiency Grant for Emissions (REG(E)) aims to encourage improvement in energy efficiency of manufacturing facilities and data centres. The REG(E) is part of the Enhanced Industry Energy Efficiency package, with the Energy Market Authority (EMA), Singapore Economic Development Board (EDB) and the National Environment Agency (NEA) each rolling out initiatives to extend stronger support to companies in their drive to become more energy efficient and reduce carbon emissions.

 

Information on REG(E)

Infographic

 

Land Intensification Allowance (LIA)

The Land Intensification Allowance (LIA) aims to encourage the intensification of industrial land use towards more land-efficient and higher value-added activities.

 

 

Sustainability Reporting Grant (SRG)

The Sustainability Reporting Grant (SRG) aims to provide funding support for companies to cover a portion of their costs in producing their first sustainability report in Singapore that is to be consistent with the International Sustainability Standards Board’s (ISSB) standards. The grant is available to:

  • All Singapore-incorporated listed companies on the Singapore Stock Exchange (SGX), and
  • Singapore-incorporated companies with an annual revenue of at least S$100 million

SRG Factsheet

 

Carbon Project Development Grant

The grant aims to support companies in performing early-stage carbon project development and financing activities that could generate high-quality Article 6 carbon credits. The grant also seeks to support Singapore-based carbon project developers in establishing project development capabilities in Singapore and further nurture Singapore’s carbon services ecosystem.

 

Factsheet

 

For statutes relating to the tax incentives in the above, please refer to the Economic Expansion Incentives Act and the Income Tax Act.

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