Singapore
Financing a Business in Singapore
Recent forum posts
-
Is hiring a content writing agency worth the money for a small business?
Honestly, yes — if you choose the right agency. A good content writing agency helps small businesses look professional, rank better in search engines, and attract the right audience.If you’re not great at writing or you’re too busy running the business, outsourcing your content saves time and stress. Just make sure you’re clear
Total Posts: 1 Last post by samantharoto92
-
Company setup in Dubai
Right start is essential for a Perfect Business”UAE provides a reputable and international Platform for all kind of businesses. Setting up in the UAE is an excellent choice because of the regulatory regime and the geographical time belt.Dubai has created a business environment that is well regulated without being unduly restrictive and offers operating conditions that are amongst the most
Total Posts: 8 Last post by oliverjhon
Financing a Business in Singapore
National Government Incentives
The government offers a variety of grants, incentives and support for UK businesses looking to invest in their economy through The Economic Development Board. The support is divided into six broad categories:
- Equipment and Technology
- Business Development
- Innovation, R&D and Intellectual Property
- Headquarters Management
- Industry Development
- Local Government Incentives
The assistance takes the form of grants, tax exemptions, and tax and interest breaks. The grants cover everything from recruitment, equipment to research and development. There are a number of criteria for eligibility, which can be seen at The Economic Development Board website: www.sedb.com
Local Government Incentives
Government agencies, such as The Singapore Film Society, also offer industry specific financial assistance to UK businesses in the form of loans, grants and tax incentives. Details of this can be found at www.business.gov.sg. Non financial assistance is also offered on issues such as premises and training.
Private Finance
Credit from financial institutions is available from a variety of private financial institutions such as HSBC and Barclays, which have branches in the Singapore. As with all commercial loans, a strong business plan and an understanding of the local business conventions and etiquette are important if pursuing this form of finance. A financial centre, Singapore has over 100 foreign banks in various forms.
Click here to Ask an Expert about Financing a Business in Singapore