EDB Projects (Current and Accomplished) Flashcards
What are three main ways in which the EDB helps foreign businesses?
- Evaluation: Help assess the advantages of setting up here and highlight critical regulations that may be relevant to your business.
- Incentives and Schemes: Offers grants and incentives to eligible companies, ranging from grants for research, training, and productivity to tax incentives for pioneer activities, industrial land efficiency, or corporate treasury.
- Connections: Connect with a wider network of government agencies and EDB partners (Private companies) who can assist with business incorporation, taxation, legal matters and financial services.
What is the Pioneer Certificate (PC) incentive and the Development and Expansion incentive (DEI)?
To encourage companies to grow capabilities and conduct new or expanded economic activities in Singapore. Companies that carry out global or regional headquarters (HQ) activities of managing, coordinating and controlling business activities for a group of companies may also apply for DEI for the HQ activities. Can include manufacturing activities, headquarter activities and services activities.
What is the Finance and Treasury Centre (FTC) Incentive?
To encourage companies to grow treasury management capabilities and use Singapore as a base for conducting strategic finance and treasury management activities.
What is the Aircraft Leasing Scheme (ALS) and Aircraft Investment Manager (AIM) incentive?
To encourage companies to develop aircraft leasing capabilities and grow the aircraft leasing industry in Singapore.
What is the Tech@SG Programme?
To help fast-growing companies establish their core teams in Singapore and more quickly capture business opportunities here and in the region. Jointly administered by EDB and Enterprise Singapore, the programme will facilitate the entry of global technology talent for eligible companies.
What is Tech.Pass?
A visa that allows established tech entrepreneurs, leaders or technical experts worldwide to come to Singapore to perform frontier and disruptive innovations. The Singapore Economic Development Board administers the pass.
What is the Research and Innovation Scheme (RIS) for companies?
To encourage companies’ technology development and innovation activities, to bring about the development of products and processes from Singapore.
What is the intellectual property (IP) development incentive?
To encourage the use and commercialisation of intellectual property rights arising from research and development (R&D) activities.
What is the resource efficiency grant (REG) for emissions?
To provide enhanced support to manufacturing facilities and data centres to undertake projects that improve their energy efficiency and other forms of eligible emissions reduction, to sustain competitiveness in a low-carbon future.
What is the land intensification allowance (LIA)?
To encourage the intensification of industrial land use towards more land-efficient and higher value-added activities.
