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:
| Scheme | Benefits | Suitable for |
Innovation
Development
Scheme (IDS) | - Co-funding to support innovation in products, processes and applications
- Supportable project costs include expenditure in the following:
- Manpower
- Equipment and Materials
- Professional Services
- Intellectual Property Rights
| - Singapore-registered business entities engaged in the innovation of products, processes or applications
|
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
|
Click here to find out more about the Investment Allowance (IA) Scheme for Aircraft Rotables
For other research and development schemes, please click
here to download the leaflet.
| Scheme | Benefits | Suitable for |
| Pioneer (Manufacturing) | - Tax exemption on income from qualifying activities
| |
Pioneer (Services)
(also available for IHQ Award) | - Tax exemption on income from qualifying activities
| |
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
| |
Approved Holding Company Status
(only for IHQ Award) | - Certainty of capital gains treatment for disposal of approved subsidiaries of at least 50% shares held for at least 18 months
| - RHQ/IHQ with holding function
|
| 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
| |
| Approved Royalties Incentive | - Reduced WHT 0% or 5% on royalty payments to access advanced technology and know-how
| |
| Approved Foreign Loan | - Reduced WHT 0%, 5% or 10% on interest payments on loans taken to purchase productive equipment
| |
| 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
| |
| S19C writing-down allowances for R&D cost-sharing | - 1-year write-down for R&D cost-sharing payments
| |
Click here to download HQ Leaflet
Click here to download the Finance and Treasury Centre (FTC) Award Brochure
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/
