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Financing a Business in Singapore

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Financing a Business in Singapore

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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.

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Organisations that can assist with Financing a Business

  • > Need to open a bank account in this country?

    Business Banking advice Advice on which type of bank account would best suit your business. Help making payments and getting paid.

    More Details Visit Website
  • > The Motley Fool

    The Motley Fool is dedicated to helping the world invest better. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, mutual funds, and premium investing services.

    More Details Visit Website
  • > GCE Global Solutions

    We are "GCE GLOBAL SOLUTIONS" the global evolution of " GRUPO CONSULTOR EMPRESARIAL " with the acronym "GCE ", a leader in the area OUTSOURCING IN BUSINESS MANAGEMENT for business administration worldwide, we have established our own international network of partners in each country.

    More Details Visit Website

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