Best Grant for Pte Ltd Companies in Singapore

For Private Limited Companies (Pte Ltd) in Singapore looking to maximize their growth potential, the Enterprise Development Grant (EDG) is highly beneficial. This grant supports projects that help businesses upgrade, innovate, and transform. It covers up to 50% of qualifying project costs and focuses on three main areas:

1. Core Capabilities: Enhancing business foundations, such as strategy development and human capital development.
2. Innovation and Productivity: Improving efficiency through technology and process re-engineering.
3. Market Access: Expanding into international markets and enhancing market presence.

To be eligible for the EDG, companies must:

• Be registered and operating in Singapore.
• Have at least 30% local shareholding.
• Be in a financially viable position to start and complete the project.

The EDG is particularly useful for companies aiming to undertake significant transformation projects that require substantial investment, providing a solid framework for business growth and competitiveness both locally and internationally.

Additional Beneficial Grants

Other notable grants include:

1. Productivity Solutions Grant (PSG): Supports companies looking to adopt IT solutions and equipment to enhance productivity. The PSG covers up to 80% of the qualifying costs, making it ideal for businesses seeking to improve operational efficiency through technology.
2. Market Readiness Assistance (MRA) Grant: Aids companies in expanding their business overseas by covering up to 70% of eligible costs, capped at S$100,000 per company per new market. This grant supports market setup, business development, and market promotion activities​.
3. Startup SG Tech: Provides early-stage funding for the development of proprietary technology solutions. This grant is designed for companies that have been registered in Singapore for less than 10 years and have significant R&D activities​.
4. SkillsFuture Enterprise Credit (SFEC): Offers a one-off S$10,000 credit to cover up to 90% of out-of-pocket expenses on qualifying costs, aimed at supporting enterprise transformation and employee capability development.

By leveraging these grants, Pte Ltd companies in Singapore can significantly boost their capabilities, drive innovation, and expand their market presence, ultimately enhancing their competitiveness and growth potential. For detailed information and application procedures, businesses can visit the Enterprise Singapore website and the Business Grants Portal.If you have any questions or need personalized advice, our team is here to help. Feel free to contact us anytime—we’re just a click away!