{"id":54215,"date":"2024-01-08T13:10:44","date_gmt":"2024-01-08T05:10:44","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/?page_id=54215"},"modified":"2024-04-16T19:38:41","modified_gmt":"2024-04-16T11:38:41","slug":"government-grant-consultation","status":"publish","type":"page","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/services\/business-advisory\/government-grant-consultation\/","title":{"rendered":"Government Grant Consultation"},"content":{"rendered":"<h2>What Grants Are You Eligible for in Singapore?<\/h2>\n<p>The <a title=\"Singapore Government\" href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/resources\/miscellaneous-topics\/singapore-government\/\">Singapore Government<\/a> offers several grant options for businesses of all sizes. The best way to find out what grant you need is with a government grant consultation.<\/p>\n<p>At 3E Accounting, we can assist you through a consultation. The one-on-one discussion will enable both parties to get a better understanding of what your business needs.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54216 aligncenter\" title=\"3E Accounting can help through our Government Grant Consultation services.\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-content\/uploads\/2020\/10\/photo-government-grant-consultation-820x250-1.jpg\" alt=\"3E Accounting can help through our Government Grant Consultation services.\" width=\"820\" height=\"250\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-content\/uploads\/2020\/10\/photo-government-grant-consultation-820x250-1.jpg 820w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-content\/uploads\/2020\/10\/photo-government-grant-consultation-820x250-1-300x91.jpg 300w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-content\/uploads\/2020\/10\/photo-government-grant-consultation-820x250-1-768x234.jpg 768w\" sizes=\"auto, (max-width: 820px) 100vw, 820px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h3>Who is Eligible for Singapore\u2019s Government Grants?<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-75623 size-full\" title=\"Government Grant Consultation\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-content\/uploads\/2024\/04\/photo-government-grant-consultation-400x300-1.png\" alt=\"Government Grant Consultation\" width=\"400\" height=\"300\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-content\/uploads\/2024\/04\/photo-government-grant-consultation-400x300-1.png 400w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-content\/uploads\/2024\/04\/photo-government-grant-consultation-400x300-1-300x225.png 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/>The available <a title=\"Singapore Government Grants | Financing Schemes | Assistance\" href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/resources\/finances-and-grants\/singapore-government-grants-financing-schemes-assistance\/\">government grants<\/a> are meant to help start-ups in Singapore. As a start-up, understandably cash flow and profits are hard to bump up in the first few years. Hence the reason why the government is trying to help these start-ups.<\/p>\n<p>In Singapore, a start-up business that meets the qualifying conditions does not need to pay full tax for the first chargeable income amounting to $100,000.<\/p>\n<p>This excludes Singapore\u2019s franked dividends. This exemption is valid for the first three years of your tax assessment years.<\/p>\n<p>You will also receive a 50% tax exemption for each year of the first three years. This exemption amount is applicable for the next $100,000 of your earnings within those three years.<\/p>\n<p>You are eligible for a government grant if:<\/p>\n<ul>\n<li>Your company is incorporated in Singapore.<\/li>\n<li>You are a Singapore tax resident for that year of assessment.<\/li>\n<li>You don\u2019t have more than 20 shareholders throughout the year of the assessment period. Also, you did not have more than 20 shareholders who were:\n<ul>\n<li>Individuals that have beneficial shares in their name; OR<\/li>\n<li>A minimum of one shareholder that had at least 10% of the company\u2019s issued ordinary shares.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>What Types of Grants Can I Apply for?<\/h3>\n<p>There are several grant options available for you. To determine the best option, 3E Accounting can help through our Government Grant Consultation services.<\/p>\n<p>The types of grants you can choose from including the following:<\/p>\n<ul>\n<li><strong>Enterprise Development Grant (EDG)<\/strong> \u2013 A combination of the Spring Singapore\u2019s Capability Development Grant (CDG) and International Enterprise Singapore\u2019s Global Company Partnership (GCP).<\/li>\n<li><strong>Productivity Solutions Grant (PSG)<\/strong> \u2013 An initiative organised by the MTI\u2019s Grants Management Office (GMO). This grant is administered by the relevant agencies and primarily focused on IT solutions.<\/li>\n<li><strong>Digital Resilience Bonus (DRB)<\/strong> \u2013 You could get up to $10,000 in bonus pay-outs credited to your PayNow account. This sum is in addition to any assistance you may already have under MIDA.<\/li>\n<li><strong>Market Readiness Assistance (MRA) Grant<\/strong> \u2013 This grant can help your business if you plan to set up an overseas market, promote overseas, and identify business partners.<\/li>\n<li><strong>SkillFuture Enterprise Credit (SFEC)<\/strong> \u2013 If you need funding for your e-commerce website, you might be able to secure more than 80% funding. This may be possible by combining SFEC and PSG.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3>Need Assistance? Get in Touch With Us<\/h3>\n<p>Need help with grant support for your business? We can help you figure out what grant would best suit your business needs. For all your government grant support questions and more, <a title=\"Contact Us\" href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/contact-us\/\">contact us<\/a> today for a consultation.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54218 aligncenter\" title=\"Government Grant Consultation\" src=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-content\/uploads\/2020\/10\/photo-writing-a-business-plan-in-singapore-820x250-2.jpg\" alt=\"Government Grant Consultation\" width=\"820\" height=\"250\" srcset=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-content\/uploads\/2020\/10\/photo-writing-a-business-plan-in-singapore-820x250-2.jpg 820w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-content\/uploads\/2020\/10\/photo-writing-a-business-plan-in-singapore-820x250-2-300x91.jpg 300w, https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-content\/uploads\/2020\/10\/photo-writing-a-business-plan-in-singapore-820x250-2-768x234.jpg 768w\" sizes=\"auto, (max-width: 820px) 100vw, 820px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What Grants Are You Eligible for in Singapore? The Singapore Government offers several grant options for businesses of all sizes. The best way to find out what grant you need is with a government grant consultation. At 3E Accounting, we can assist you through a consultation. The one-on-one discussion will enable both parties to get&hellip;<\/p>\n","protected":false},"author":22,"featured_media":75623,"parent":3761,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[],"class_list":["post-54215","page","type-page","status-publish","has-post-thumbnail","description-off"],"_links":{"self":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages\/54215","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/comments?post=54215"}],"version-history":[{"count":0,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages\/54215\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/pages\/3761"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/media\/75623"}],"wp:attachment":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/media?parent=54215"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/www.3ecpa.com.sg\/wp-json\/wp\/v2\/categories?post=54215"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}