GCP Brochure Insert 19apr2016

INTERNATIONAL ENTERPRISE SINGAPORE
EXPAND
YOUR
GLOBAL
PRESENCE
Global Company Partnership
GCP
WHY
GO GLOBAL?
01
Singapores domestic economy is limited.
Its crucial for companies to look abroad to
expand their network and consumer base.
02
Overseas markets also open the door
to more resources and cost-competitive
options for overheads. Moreover, with the
global economy being so unpredictable,
putting your eggs in more than one market
diversifies your risk.
03
IE Singapore is here to lend a hand to
TAKING YOUR companies who are looking to deepen

their market presence and possibly explore
BUSINESS OVERSEAS? new markets, with the Global Company
Partnership.
LET IE SINGAPORE
PARTNER YOU IN
ACHIEVING YOUR
GLOBAL VISION.
2 // Global Company Partnership (GCP) 01

GLOBAL
COMPANY
PARTNERSHIP
(GCP)
In todays competitive global environment, more companies
are expanding into emerging markets. We want to partner
with willing and able Singapore companies regardless
of size or turnover with customised solutions for
internationalisation.
We had to go overseas because
Singapores industrialisation in recent Our GCP programme grooms globally competitive companies
through building internal capabilities, developing manpower,
decades means that agriculture is accessing markets, and providing access to financing.
no longer a priority here.
Lawrence Chan // Managing Director

01 02
Asiatic Agricultural Industries
ADVISORY AND FINANCIAL
BUSINESS ASSISTANCE
DEVELOPMENT

GLOBAL COMPANY PARTNERSHIP (GCP)
01//
ADVISORY AND
BUSINESS
DEVELOPMENT
OVERSEAS PROJECT
FACILITATION
FACILITATING IDENTIFYING INTERNATIONAL
GOVERNMENT-TO- BUSINESS LEADS ORGANISATIONS
GOVERNMENT PROJECTS AND BANKS
With over 35 overseas centres,
we have established a thorough
We have over 20 platform projects In addition to helping you make
understanding of markets and
globally. Benefit from business connections with foreign partners for
shareholders. With the knowledge of
opportunities created by these long- potential business ventures, we open
markets we are in, we can introduce
term economic partnerships between doors to international organisations
you to potential business partners and
Singapore and foreign governments. such as the Asian Development Bank,
customers in overseas markets.
Examples include the Guangzhou the International Monetary Fund, and
Knowledge City and Sino-Singapore the World Bank.
Tianjin Eco City in China, four Vietnam-
Singapore Industrial Parks across MISSIONS
Vietnam, and the International Tech
Park in Bangalore, India. Similarly,
ACCESS TO LATEST
With over 35 overseas centres,
we support seven bilateral business
we have established a thorough
MARKET TRENDS
councils across China a key mode
understanding of markets and
of G2G engagement that opens Our worldwide network sheds light on
shareholders. With the knowledge of
doors to business opportunities and global business and industry trends.
markets we are in, we can introduce
partnerships in China. Through third-party consultants, we
you to potential business partners and
customers in overseas markets. provide you with industry-specific
market reports to assess the feasibility
of new ventures.

01//
ADVISORY AND
BUSINESS
DEVELOPMENT
SEMINARS AND KNOWLEDGE

MARKET INFO RESOURCES
BUSINESS FORUMS MISSIONS IE INSIGHTS RESEARCH DATABASES
Relationships thrive when they are To help Singapore companies Written by IE officers immersed in Get access to the latest market and
given the right platforms to grow in. understand overseas markets better, markets all around the world, each industry trends and developments
Our global forums bring government, we organise business missions instalment of IE Insights brings in- through third-party research databases.
industry and business leaders together throughout the year to various depth market intelligence and on- These can be accessed at our office at
to expand your business networking emerging and developed markets, led the-ground understanding of market Bugis Junction Level 10.
opportunities: by IE officers. These missions allow opportunities for Singapore companies.
Market information Industry information
you to network with companies in
// Business // Euromonitor
// Africa-Singapore Business Forum those markets, and to explore possible
Monitor International International
// Latin-Asia Business Forum
// Russia-Singapore Business Forum
business opportunities.
FTA INSIGHTS (BMI) // Kompass Online
// Economist // One Source
// Abu Dhabi-Singapore Joint Forum
Intelligence Unit
FTAs work to connect Singapore to
// Global Trader Summit
// Asia-Singapore Infrastructure
IADVISORY EVENTS major economies and new markets.
(EIU)
Roundtables With 20 regional and bilaterial FTAs

// IE Global Conversations Specially developed for SMEs looking with 31 trading partners, Singapore
to learn about the nuances of doing companies stand to enjoy benefits SINGAPORE TRADE
business in foreign markets, our
iAdvisory events connect you with
such as tariff concessions, preferential
access to certain sectors, faster entry
STATISTICS
experts in their respective fields and into markets and intellectual property
like-minded entrepreneurs. (IP) protection. Released on the 17th of every month,
this report provides latest analysis of
We work to provide you with the latest Singapores bilateral trade and gives
FTA insights, so you may reap the full month-on-month and year-on-year
benefits of Singapores FTAs. comparisons. The report also provides
trend analyses and information on
alternative markets for your products.

02//
FINANCIAL
ASSISTANCE
FOR CAPABILITY
BUILDING
When you venture into new markets, we prepare you with crucial
business capabilities.
Get up to 50% of eligible third-party costs co-funded by IE Singapore.

From 1 April 2015 to 31 March 2018, SMEs get up to 70%
funding support.
Refer to the Capability Building insert for full list of supportable activities.
INTERNATIONALISATION BRANDING INTELLECTUAL PROPERTY FRANCHISING AND

STRATEGY (IP) MANAGEMENT LICENSING
Differentiate your products and
Identify key markets and customer services from competitors. Well- Every company no matter how big Earn revenue from your intellectual
segments, the competitive niche executed branding with a clear strategy or small owns some form of IP. Just property while retaining ownership
of your products or services, and will help you draw in more consumers, think of your logo, product design, through franchising and licensing your
develop the mode of market entry thus allowing your products/ services technology or marketing tools. Learn IP to someone else.
for your business. to command premium prices. to protect and manage these assets to
ensure stability for your business.
SUPPLY CHAIN
DIGITAL STRATEGY MANAGEMENT (SCM)
Ensure your customers have timely
Showcase and market your products
access to goods and services, improve
and services online this may just be
your bottom line, and increase your
your first step into a new market.
resilience to crisis situations.

02//
FINANCIAL
ASSISTANCE
FOR MARKET
ACCESS
With more than 35 Overseas Centres, we can provide you with
access to the right partners and expertise derived over the
years for new market entry and strengthening market position.
Refer to the Market Access insert for full list of supportable activities.
SUPPORT FOR SUPPORT FOR TAX SAVINGS

ALL MARKETS NEW MARKETS
The Double Tax Deduction for
Internationalisation (DTDi) scheme
To help companies enhance market To help companies gain entry into new^ // Business development
allows Singapore-based companies to
presence in all markets, we fund up markets, we fund up to 50% of costs Get support for basic salary of up to
enjoy 200% tax deduction on eligible
to 50% of costs incurred in engaging incurred, capped at $100,000 per year. two business development staff based
expenses along your expansion journey.
a third-party professional. SMEs SMEs now get up to 70% funding in the new market for 6 to 12 months.
now get up to 70% funding support. support. Supportable activities include:
This includes overseas business
Supportable activities include: // Market start up
development or investment study
// Establish overseas market Get registration fees covered for new
trips and missions, exhibiting in
// Pilot and testbedding* presence set-ups and IP, fees for appointing new
overseas trade fairs, and the posting of
Demonstrate your product/ solution Get rental costs supported for exporters and distributors, product
Singaporeans to new overseas entities.
for the market and establish a new overseas rental of a physical space for listing and testing and in-market
track record. up to 12 months. certification.
// Market feasibility
Understand the market potential and
opportunities in a specific geography
* For Pilot and testbedding projects, non-SMEs can
before considering market entry. enjoy support up to 70% of eligible project costs.
Valid till 31 March 2016.
^ New markets are markets in which the yearly sales
// M&A due diligence of a company are not more than S$100,000 for any
Make better informed decisions of the past three years (non-cumulative).
regarding investments.

02//
FINANCIAL
ASSISTANCE
FOR MANPOWER
DEVELOPMENT
Every business needs a strong team, especially when you are interested in Companies also stand to benefit from our other manpower programmes:
overseas expansion.
Get up to 50% of eligible costs co-funded by IE Singapore. From 1 April

2015 to 31 March 2018, SMEs get up to 70% funding support. INTERNATIONAL YOUNG TALENT
BUSINESS FELLOWSHIP PROGRAMME (YTP)
Refer to the Manpower Development insert for full list of supportable activities. (iBF) EXECUTIVE MARKET IMMERSION
PROGRAMME
Brand your company as an attractive
employer that offers global
INTERNATIONAL HR OVERSEAS MARKET Each iBF instalment focuses on a
opportunities to your talents. Use the
STRATEGIES ATTACHMENTS specific country, city, or region. Through
market visits and first-hand learning, the
YTP Market Immersion scheme to offer
overseas internships and identify global
iBF series aims to provide Singaporean
talents for your overseas operations.
Engage third-party HR consultancy Build up staff skills and experience companies with crucial market
firms to ensure compliance with through overseas market attachments. knowledge to build their overseas
foreign labour laws and regulations; business networks.
improve employee branding in
overseas markets; and manage key Want to find out more? Visit
talent in various markets. TALENT RECRUITMENT www.iesingapore.com/iBF to keep
track of upcoming instalments, and to
register your interest online.
Engage third-party recruitment
consultancy firms to recruit C-suites
and critical talent from both Singapore
and overseas markets.

02//
FINANCIAL
ASSISTANCE
ACCESS TO CAPITAL
AND LOANS
Access to capital is crucial for your business to go global.
IE Singapores credit enhancement schemes aim to set you up
for overseas growth.
Refer to the Access to Loans and Capital insert for full list of supportable activities.
After approaching IE Singapore in 2013

INTERNATIONALISATION LOAN INSURANCE
for assistance, we received a GCP grant
FINANCE SCHEME (IFS) SCHEME (LIS/ LIS+)
for business matching. With it,
Secure loans for internationalisation, Secure short-term trade facilities for we successfully appointed an agent,
and use them for fixed asset purchase, inventory financing, and factoring and
working capital and bankers guarantee receivables discounting. who has since sent about US$1 million
for overseas projects, as well as in sales our way. Not too bad.
acquisition of equity stakes
in companies.
POLITICAL RISK
Gan Geok Chua // Executive Director and Co-founder
INSURANCE SCHEME Singapore Safety Glass
TRADE CREDIT (PRIS)
INSURANCE SCHEME
Get up to 50% of your insurance
(TCIS) premium co-funded to protect your
overseas investments and projects
Get up to 50% of your insurance against political risks.
premium co-funded when you take
up trade credit insurance to protect
against the non-payment of
your buyers.

GLOBAL
COMPANY
PARTNERSHIP
AREAS OF SUPPORT:
NEXT 01// CAPABILITY MORE DETAILS:

// SUPPORTABLE ACTIVITIES
BUILDING // FINANCIAL SUPPORT
STEPS
// QUALIFYING CRITERIA
Supportable Activities Financial Support
Develop a strategy to grow your capabilities for For SMEs**:
STEP 1 // Speak to us about your overseas overseas expansion, including: Up to 70% of costs incurred in engaging a third-party
Diagnosis professional. Valid from 1 April 2015 to 31 March 2018
expansion. Call/ email us at Strategy development
Recommendations For non-SMEs:
1800-IESPORE (1800-4377673) Up to 50% of the costs incurred in engaging a third-party
enquiry@iesingapore.gov.sg Examples of supportable activities: professional
Internationalisation strategy
Branding
Design
Franchising and licensing
Intellectual property (IP) management INTERNATIONAL
Digital Strategy
Financial management ENTERPRISE
STEP 2 // Work with us so that we may better
understand your business, strategies,
Supply chain management
Execute the above-mentioned strategy for the

SINGAPORE
For SMEs:
products and services, and plans for first time Up to 70% of
International costs incurred
Enterprise (IE) in engaging is
Singapore a third-party
the
overseas growth Within 12 months of completing the capability strategy
project
professionalagency driving Singapores external
government
to execute the recommendations of the strategy. Valid
economy. We spearhead the overseas growth
from 1 April 2015 to 31 March 2018
of Singapore-based companies and promote
international trade. Our vision is a thriving
For non-SMEs:
business hubofinthird-party
Up to 50% Singapore with
costs Globally
incurred Competitive
to execute the
Companies (GCCs)ofand
recommendations theleading
strategyinternational traders.
STEP 3 // Together, well identify relevant

opportunities for your businesss growth Trade has always been the backbone of Singapores
economy. In addition to promoting export of goods
by looking at potential sectors within Do You Qualify? and services, IE Singapore also attracts global
different markets and understand your commodities
To qualify for financial support, you will need to fulfil the traders to establish their global or
following criteria:
Asian home base in Singapore. Today, Singapore is a
capabilities and gaps. Global HQ* anchored in Singapore thriving trading hub with a complete ecosystem for
An annual sales turnover of at least S$500,000 per theannum based
energy, on the most recent
agri-commodities audited
and metals report
& minerals
A minimum paid-up capital of S$50,000 trading clusters.
STEP 4
Each application will be evaluated and subject to approval GCCsonarea case-by-case
a critical growthbasis.
engine for the next phase
// IE will offer customised solutions that IE Singapore will then co-fund eligible costs. of Singapores development. GCCs compete on the
will help you take your business further global stage against the very best in their industries.
They functions
* Global HQ refers to global management control and decision making contribute areto Singapores
based economic
in Singapore. resilience,
(Indicators could include the
on a global scale. global CXOs being based in Singapore; board meetings are held in Singapore, etc).
develop Singaporeans into global business leaders
** SME is defined as is a company whose turnover is not exceedingand S$100
strengthen the Singapore
million based on the mostbrand.
recentThrough our
audited report
Global Company Partnership and Market Readiness
Assistance, we work with Singapore-based
For more information companies in their various stages of growth towards
Please visit www.iesingapore.com/MRA_Grant or call being
usglobally competitive.(1800-437 7673).
at 1800-IESPORE
Information accurate at time of printing // October 2015 Our global network of overseas centres in over 35
locations provides the necessary connections in
many developed and emerging markets.
Visit www.iesingapore.com for more information.

PASSENGER NAME
DESTINATION
< YOUR
COMPANY>
< MARKET OF YOUR CHOICE>
230 /188024
OUR GLOBAL NETWORK

ABU DHABI // ACCRA // BANGKOK // BEIJING
CHENGDU // CHENNAI // CHONGQING
DALIAN // DOHA // DUBAI // FRANKFURT
GUANGZHOU // HANOI // HO CHI MINH CITY
ISTANBUL // JAKARTA // JEDDAH
JOHANNESBURG // KUALA LUMPUR
LONDON // LOS ANGELES // MANILA
MEXICO CITY // MOSCOW // MUMBAI
NEW DELHI // NEW YORK // QINGDAO
RIYADH // SO PAULO // SEOUL // SHANGHAI
SURABAYA // SYDNEY // TAIPEI // TOKYO
WUHAN // XIAN // YANGON
www.iesingapore.com/GCP
GLOBAL
COMPANY
PARTNERSHIP
AREAS OF SUPPORT:
01// CAPABILITY
BUILDING
Develop a strategy to grow your capabilities for For SMEs**:

overseas expansion, including: Up to 70% of costs incurred in engaging a third-party
Diagnosis professional. Valid from 1 April 2015 to 31 March 2018
Strategy development
Recommendations For non-SMEs:
Up to 50% of the costs incurred in engaging a third-party
Examples of supportable activities: professional
Internationalisation strategy
Branding
Design
Franchising and licensing
Intellectual property (IP) management
Digital Strategy
Financial management
Supply chain management
Execute the above-mentioned strategy for the For SMEs:

first time Up to 70% of costs incurred in engaging a third-party
Within 12 months of completing the capability strategy professional
project to execute the recommendations of the strategy. Valid
from 1 April 2015 to 31 March 2018
For non-SMEs:
Up to 50% of third-party costs incurred to execute the
recommendations of the strategy
Do You Qualify?
To qualify for financial support, you will need to fulfil the following criteria:
Global HQ* anchored in Singapore

An annual sales turnover of at least S$500,000 per annum based on the most recent audited report
A minimum paid-up capital of S$50,000
Each application will be evaluated and subject to approval on a case-by-case basis.

IE Singapore will then co-fund eligible costs.
* Global HQ refers to global management control and decision making functions are based in Singapore. (Indicators could include the
global CXOs being based in Singapore; board meetings are held in Singapore, etc).
** SME is defined as is a company whose turnover is not exceeding S$100 million based on the most recent audited report
For more information
Please visit www.iesingapore.com/GCP or call us at 1800-IESPORE (1800-437 7673).
How the branding grant

helped a company in its overseas expansion
Company Y designs and supplies process equipment to the petrochemical and oil
& gas industries. To aid the inorganic growth of the company, it decided to embark a
branding project to differentiate itself from competitors, enhance its brand positioning
and improve communications both internally and externally.
How we supported Company Y: Provided grant support for a branding project with
a third-party professional aimed at developing a strong and identifiable brand, and
positioning it better.
How the project helped Company Y: Company Y successfully created a corporate

brand architecture to align internal and external communications. Its brand is now
highly differentiated from competitors.
Information accurate at time of printing // October 2015
International Enterprise Singapore

230 Victoria Street #10-00
Bugis Junction Office Tower
Singapore 188024
1800-IESPORE (1800-4377673) local toll-free

T +65 6337 6628 F +65 6337 6898
www.iesingapore.com
GLOBAL
COMPANY
PARTNERSHIP
AREAS OF SUPPORT:
02// MARKET
ACCESS
Enhance market presence in ALL MARKETS For SMEs**:

Examples of supportable activities: Up to 70% of costs incurred in engaging a third-party professional.
Market research Valid from 1 April 2015 to 31 March 2018
Market feasibility studies
M&A due diligence For non-SMEs:
Bidding Up to 50% of costs incurred in engaging a third-party professional.
Pilot and testbedding
Identification of overseas distributors/
agents
Gain entry into NEW MARKETS# For SMEs:

Overseas marketing presence Up to 70% of costs incurred, capped at S$100,000 per year.
Business development Valid from 1 April 2015 to 31 March 2018
Market start up
For non-SMEs:
#
NEW MARKETS are markets where a company has not Up to 50% of costs incurred, capped at S$100,000 per year.
had sales of >S$100,000 for any of the last three years
(non-cumulative). The three years refer to the current
and last two financial years. Overseas marketing presence
Rental costs for overseas marketing space rental of physical
space for up to 12 months
Business development
Basic salary of max of two business development staff based
in the new market# for six to 12 months
Market start up
Third-party costs such as
Appointment of overseas distributors/ agents
Product listing fees
Registration costs of new set ups and IP
Testing and in-market certification costs
Product adaptation
Do You Qualify?


Please visit www.iesingapore.gov.sg/GCP or call us at 1800-IESPORE (1800-437 7673).
How the market access grant

helped a company to set up an overseas marketing office
Company X, is a private transport provider offering one-stop integrated services

particularly in the areas of maintenance and repair to bus owners. It wanted to set up
a marketing office in Yangon, owing to a spike in demand in Myanmar.
How we supported Company X: Provided grant support to defray rental costs

for the commercial space and also provided a years basic salary for two business
development employees based in Yangon.
How the project helped Company X: Company X successfully set up its

marketing office at Yangon and was able to gain entry to a new market, resulting in
new customers.
Information accurate at time of printing // V1/Nov 2015

Singapore 188024

T +65 6337 6628 F +65 6337 6898
www.iesingapore.gov.sg
GLOBAL
COMPANY
PARTNERSHIP
AREAS OF SUPPORT:
03// MANPOWER
DEVELOPMENT
International International Human Resource (HR) For SMEs:

Manpower Strategy Up to 70% of costs incurred in engaging an
Strategy Activities that align international HR established third-party HR professional firm. Valid from
strategies to enhance your overseas 1 April 2015 to 31 March 2018
business.
Examples are: For non-SMEs:
HR research and HR compliance for Up to 50% of the costs incurred in engaging an
market entry established third-party HR professional firm
country labour laws
Cross-border HR management
global talent management strategy
employees international
deployment and repatriation
global reward strategy
Talent Young Talent Programme (YTP) Companies can enjoy the following support:
Attraction Market Immersion Opportunity to engage local students for overseas
(Potential Overseas internships with students internships.
hires) from local educational institutions Eligible students participating in such overseas
with the purpose of identifying internships will receive funding for cost of living
potential talent and improving allowances from IE Singapore and their institutions.
employer brand exposure.
Eligible companies can approach
partnering educational institutions#
to be matched to student interns.
Visit www.iesingapore.com/ytp-
companies for contact details of
participating educational institutions.
Talent Recruitment For SMEs**:

Recruiting mid-career professionals in Up to 70% of costs incurred in engaging a third-party
both Singapore and overseas markets recruitment consultancy services firm to hire C-suites
to lead your overseas expansion and critical talent. Valid from 1 April 2015 to
31 March 2018
For non-SMEs:
Up to 50% of the costs incurred in engaging a third-
party recruitment consultancy services to hire C-suites
and critical talent
Talent Overseas Market Attachments For SMEs:

Development Send your employees for overseas Learning & Up to 70% of costs incurred for
(Existing Development activities for: nominated Singaporean and PR
staff) Pre-Market- Entry Feasibility Study employees on the overseas attachment.
Pre-Posting Induction Valid from 1 April 2015 to 31 March 2018
Business Capability or Technical
Knowledge Acquisition For non-SMEs:
Up to 50% of the costs incurred
It should include at least one experienced for nominated Singaporean and PR
mentor who can guide your staff throughout employees on the overseas attachment.
the attachment. The mentor can be a companys
employee or business associate based in Supportable areas include:
attachment markets, as long as they have relevant One return economy class airfare for
expertise and experience to develop the staff. each trainee from Singapore to the
attachment market
Basic salary including employers CPF
contribution of the trainee during the
training period, capped at six months
Third-party pre-departure training
including non-mother tongue language
classes or country etiquette courses
International Business Fellowship (iBF) For all companies:

Executive Programme Up to 70% of the course fees for
Short-term country-specific training programmes nominated Singaporean or PR employees
for middle to senior management of Singapore
companies
Organised with top training institutes in
overseas markets
Customised Training for Overseas Expansion For SMEs:

Engage third-party training providers to Up to 70% of costs incurred in engaging
develop and conduct customised in-house a third-party professional to conduct
internationalisation related programmes. customised training for nominated
Singaporean and PR employees.
Does not include courses that: Valid from 1 April 2015 to 31 March 2018
make up part of your day-to-day operations
are regulatory requirement courses or For non-SMEs:
are ISO standardisation courses Up to 50% of the costs incurred in
engaging a third-party professional
to conduct customised training for
nominated Singaporean or PR employees
Do You Qualify?
Please visit www.iesingapore.com/MRA_Grant or call us at 1800-IESPORE (1800-437 7673).
How the market attachment grant

helped to train a companys employees
Company Z is a food retailer making its foray into China. The company planned to
send its existing Singapore-based staff to run the overseas operations. To prepare
and equip its staff to manage the overseas operations, the company recognised the
need to provide hands-on training experience to help its staff learn and familiarise
themselves about doing business in Shanghai, China.
How we supported Company Z: Provided grant support to company to help defray

manpower costs for sending its staff on a four month market attachment training
programme. The training programme aimed to provide its staff first hand experience
in working in China F&B operations. The trainee was under the mentorship of
Company Zs Chinese national staff.
How the project helped Company Z: The executive is now a seasoned professional
in Shanghai. He is also a mentor to two other executives posted from Singapore, sent
to set up operations in other provinces in China.

Singapore 188024

T +65 6337 6628 F +65 6337 6898
www.iesingapore.com
GLOBAL
COMPANY
PARTNERSHIP
AREAS OF SUPPORT:
04// ACCESS TO
CAPITAL & LOANS
Trade Credit Insurance Political Risk Insurance Scheme

Scheme (TCIS) (PRIS)
What it is for Protect against non-payment risks Protect overseas investments and projects against
of buyers political risk
Support from 50% support on minimum premium 50% support on premium for Political Risk Insurance
IE Singapore of Trade Credit Insurance (TCI) policies (PRI) policies provided by Singapore-registered credit
provided by Singapore-registered insurers, up to first 3 years of each PRI policy and
credit insurers, up to S$100,000 per S$500,000 per Applicant Company in aggregate
Applicant Company in aggregate
Eligibility Singapore-based company with Singapore-based company with at least three

Criteria at least three strategic business strategic business functions1 in Singapore
functions1 in Singapore Global HQ in Singapore2
Turnover of Applicant Company and Turnover of Applicant Company not exceeding
its subsidiaries not exceeding S$500 million
S$100 million Annual total business spending3 in Singapore of at
Annual total business spending3 in least S$250,000 for each of the past three years
Singapore of at least S$250,000 for Minimum paid-up capital of S$50,000
each of the past three years At least three managerial staff who are
Minimum paid-up capital of Singaporeans or PRs
S$50,000
At least three managerial staff who
are Singaporeans or PRs
How to Apply Approach any Singapore registered credit broker/ insurer for a TCI or PRI policy.
Should your company qualify for premium support, the insurer/ broker will assist in the submission
of your application to IE Singapore.
TCIS & PRIS

1
Strategic business functions refer to activities such as (i) banking & financial, (ii) marketing and business planning, (iii) procurement,
logistics, (iv) training & personnel management, (v) investment planning/ co-ordination, (vi) R&D, (vii) technical support,
(viii) manufacturing, and (viii) other value-added activities.
2
Refers to global (not only regional) management control and decision making functions (eg strategic global planning and
management, HR, sales and marketing, finance and treasury) based in Singapore.
3
Total business spending refers to expenses incurred by the Applicant Company, which includes:
Staff costs (salary, training, etc)
Finance costs (bank loans, overdraft or interest)
Other operating expenses (e.g. advertising & promotion, audit fees, depreciation, directors remuneration, freight charges,
insurance cost, office rental, professional consultants fees, telecommunications, utilities and distribution & selling expenses)
Total business spending excludes:
Costs of goods sold, cost of sales
Exchange rate losses
Allowances for doubtful debts
Income tax expenses
Property tax expenses
LIS/LIS+ & IFS
4
Strategic business functions refer to activities such as (i) banking & financial, (ii) marketing and business planning, (iii) procurement,
logistics, (iv) training & personnel management, (v) investment planning/ co-ordination, (vi) R&D and design, (vii) technical support,
(viii) manufacturing, and (viii) other value-added activities.
5
Includes turnover of Applicant Company and subsidiaries
6
Applicant Company will be considered a trading company if more than 50% of turnover comes from buying and selling goods.
7
Group is defined as consisting of the Applicant Company, the Applicant Companys corporate shareholders who own >50% of
total shareholding and the Applicant Companys subsidiaries where the Applicant Company holds >50% of the total shareholding of
the subsidiaries
Loan Insurance Scheme Internationalisation Finance
(LIS/ LIS+) Scheme (IFS)
What it is for Helps companies secure short-term Helps companies secure loans of up to
trade financing loans from Participating S$30 million for internationalisation from
Financial Institutions (PFIs) by insuring Participating Financial Institutions (PFIs) by
against insolvency risks. insuring against insolvency risks.
Loans are for Loans are for

Inventory/ stock financing Purchase of revenue-generating assets for
Structured pre-delivery working capital use overseas
for fulfillment of confirmed sales orders Acquisition# of equity stakes in companies
Factoring/ bill or invoice or accounts for internationalisation
receivable discounting with recourse Working capital and Bankers Guarantee for
Bankers Guarantee for contractual fulfillment of secured overseas projects
fulfilment
# The acquisition should synergise with Applicant
Companys core business
Support from IE IE Singapore and SPRING Singapore IE Singapore bears 70% risk with the PFIs.
Singapore support 50% of the insurance premium
under LIS where risks are borne by
commercial insurers.
IE Singapore bears 75% risk with the

PFIs under LIS+ for loans that exceed the
risk appetite of commercial insurers.
Eligibility Criteria For selling to overseas customers: Singapore-based company with meaningful
Singapore-based company with at least business operations and at least three
three strategic business functions4 in strategic business functions4 in Singapore
Singapore Turnover5 caps:
Turnover5 caps: Non-trading company: not exceeding
Non-trading company: not exceeding S$300 million
S$300 million Trading6 company: not exceeding
Trading6 company: not exceeding S$500 million
S$500 million Overseas business must complement the
Singapore companys core operations and
For selling to local customers: result in economic spin-offs to Singapore
At least 30% local shareholding
Applicant Companys group annual
sales
turnover not exceeding S$100 million
OR
Applicant Companys group
employment size
not exceeding 200 workers7
How to Apply
The loans under LIS/ LIS+ and IFS are funded and administered by PFIs.
Applications must be made through any of the PFIs listed in the table below:
PFIs under LIS/ LIS+ PFIs under IFS

// Bibby Financial Services (Singapore) 6922 5030 // AFC Merchant Bank 6224 7155/ 6228 6105
Pte Ltd // DBS Bank Limited 1800 222 2200
// The Bank of East Asia, Limited 6602 7848/ 6602 7849 // Hong Leong Finance Limited 1800 338 8338
// DBS Bank Limited 1800 222 2200 // The Hongkong and Shanghai 1800 216 9008/ 6216 9000
// CIMB Bank Berhad 6438 7888 Banking Corporation Limited
// Hong Leong Finance Limited 1800 338 8338 // Industrial and Commercial Bank of 6538 1066
// The Hongkong and Shanghai 1800 216 9008/ 6216 9008 China Limited
Banking Corporation Limited // IFS Capital Limited 6270 7711
// Maybank 1800 629 2265 // Maybank 6550 7586
// Oversea-Chinese Banking 6538 1111 // Mizuho Corporate Bank, Limited 6416 0723/ 6416 0203
Corporation Limited (OCBC Bank) // ORIX Leasing Singapore Limited 6339 3622
// RHB Bank Berhad Singapore 1800 323 0100 // Oversea-Chinese Banking 6538 1111
// Standard Chartered Bank 1800 743 3000 Corporation Limited (OCBC Bank)
// United Overseas Bank Limited 1800 226 6121 // United Overseas Bank Limited 6539 1236

Singapore 188024

T +65 6337 6628 F +65 6337 6898
www.iesingapore.com
GLOBAL
COMPANY
PARTNERSHIP
AREAS OF SUPPORT:
05// DOUBLE-TAX
DEDUCTION
FOR INTERNATIONALISATION
(DTDi) Enjoy tax savings with DTDi which provides 200% tax
deduction on eligible expenses for supported market
expansion and investment development activities.
DTDi supports activities across key stages of your

companys overseas growth journey, including:
Market Preparation
Market Exploration
Market Promotion
Design of packaging Market Presence
for overseas markets Overseas business
Overseas advertising
Product/ Service development Overseas trade
and promotional
certification trips/ missions* offices
campaigns
Market surveys/ Overseas trade fairs* Master licensing
Production of
Feasibility studies Local trade fairs and franchising
corporate brochures
approved by IE Employee overseas
for overseas
Singapore or posting^
distribution
Singapore Tourism Overseas investment
Advertising in
Board (STB)* study trips/
approved local trade
missions^*
publications
Investment feasibility/
due diligence studies^
* Automatic DTD: Claim 200% tax deduction on the first S$100,000 of eligible expenses for these four activities per year
of assessment. No prior approval from IE Singapore is required. Expenditure exceeding S$100,000 will still require
IE Singapores approval.
^
Activities supported under Section 14K of the Income Tax Act. All the other above activities are supported under
Section 14B.
Benefits of DTDi
An example illustrating the potential tax savings through DTDi when an eligible expense is
an Allowable Business Expense# under the Income Tax Act
Case 1: Company A spent S$10,000 to participate in an overseas tradeshow to reach out to its buyers
in Europe
Without DTDi support With DTDi support
Revenue S$100,000 $100,000
DTDi eligible expense of S$10,000 (S$10,000) (S$20,000)
Other expenses (S$20,000) (S$20,000)
Taxable income S$70,000 S$60,000
Tax payable (@ 17% as of YA2015) S$11,900 $10,200
Savings from DTDi N.A. $1,700

An example illustrating the potential tax savings through DTDi when an eligible expense is not an
Allowable Business Expense# under the Income Tax Act
Case 2: Company B posts a staff into an overseas subsidiary to drive its marketing efforts in-market.
Staff basic salary is $2,000 per month.
Without DTDi support With DTDi support
Revenue S$100,000 $100,000
DTDi eligible expense of S$2,000 N.A. (S$48,000)

x 12 months (If the expense is not deductible under S14
of the Income Tax Act)
Other expenses (S$20,000) (S$20,000)
Taxable income S$80,000 S$32,000
Tax payable (@ 17% as of S$13,600 S$5,440

YA2015)
Savings from DTDi N.A. S$8,160
# Allowable expenses generally relate to expenses incurred and related to the specified business. For more details please
refer to IRAS website: https://www.iras.gov.sg/irashome/Businesses/Self-Employed/Working-out-your-taxes/Deductions-
to-Save-Tax/Business-Expenses/
Who can apply?

Businesses registered or having a permanent establishment in Singapore with the primary
purpose of promoting the trade of goods or provision of services.
How to apply?
Step 1 Submit your application online with your SingPass for activities:
that do not fall under automatic DTDi
with quantum exceeding the first S$100,000 for that year of assessment under automatic
DTDi
Applications must be submitted before project commencement.
Step 2 Processing of your application within 5 working days upon receipt of complete
information. We may request supporting documents to verify eligible expenses.
Step 3 For approved applications, submit your evaluation forms upon project completion. We will
then proceed to issue a Letter of Support for you to support your claims with Inland Revenue
Authority of Singapore (IRAS).
Step 4 Attach the Letter of Support from IE to IRAS when filing the companys annual income
tax return. All other relevant supporting documents (like invoices, receipts, etc), should be
compiled by the company and made available to IRAS upon request.
Step 5 IRAS will assess if the expenses submitted qualify for tax deductions.

Please visit www.iesingapore.com/DTD or call us at 1800-IESPORE (1800-437 7673), or +65 6337 6628.
You can also visit us at

Level 10, Bugis Junction Office Tower (opened daily from 9am to 6pm, except on weekends and public holidays).

Singapore 188024

T +65 6337 6628 F +65 6337 6898
www.iesingapore.com

GCP Brochure Insert 19apr2016

Transféré par

Informations du document

Description originale:

Titre original

Copyright

Formats disponibles

Partager ce document

Partager ou intégrer le document

Options de partage

Avez-vous trouvé ce document utile ?

Ce contenu est-il inapproprié ?

Droits d'auteur :

Formats disponibles

GCP Brochure Insert 19apr2016

Transféré par

Droits d'auteur :

Formats disponibles

INTERNATIONAL ENTERPRISE SINGAPORE

TAKING YOUR companies who are looking to deepen

2 // Global Company Partnership (GCP) 01

Lawrence Chan // Managing Director

02 // Global Company Partnership (GCP) 03

04 // Global Company Partnership (GCP) 05

SEMINARS AND KNOWLEDGE

Roundtables With 20 regional and bilaterial FTAs

06 // Global Company Partnership (GCP) 07

Get up to 50% of eligible third-party costs co-funded by IE Singapore.

INTERNATIONALISATION BRANDING INTELLECTUAL PROPERTY FRANCHISING AND

08 // Global Company Partnership (GCP) 09

SUPPORT FOR SUPPORT FOR TAX SAVINGS

10 // Global Company Partnership (GCP) 11

Get up to 50% of eligible costs co-funded by IE Singapore. From 1 April

12 // Global Company Partnership (GCP) 13

After approaching IE Singapore in 2013

14 // Global Company Partnership (GCP) 15

NEXT 01// CAPABILITY MORE DETAILS:

Supportable Activities Financial Support

Develop a strategy to grow your capabilities for For SMEs**:

Execute the above-mentioned strategy for the

STEP 3 // Together, well identify relevant

Visit www.iesingapore.com for more information.

16 // Global Company Partnership (GCP) 17

OUR GLOBAL NETWORK

Supportable Activities Financial Support

Develop a strategy to grow your capabilities for For SMEs**:

Execute the above-mentioned strategy for the For SMEs:

Global HQ* anchored in Singapore

Each application will be evaluated and subject to approval on a case-by-case basis.

How the branding grant

How the project helped Company Y: Company Y successfully created a corporate

Information accurate at time of printing // October 2015

International Enterprise Singapore

1800-IESPORE (1800-4377673) local toll-free

Supportable Activities Financial Support

Enhance market presence in ALL MARKETS For SMEs**:

Gain entry into NEW MARKETS# For SMEs:

Global HQ* anchored in Singapore

Each application will be evaluated and subject to approval on a case-by-case basis.

How the market access grant

Company X, is a private transport provider offering one-stop integrated services

How we supported Company X: Provided grant support to defray rental costs

How the project helped Company X: Company X successfully set up its

Information accurate at time of printing // V1/Nov 2015

International Enterprise Singapore

1800-IESPORE (1800-4377673) local toll-free

Supportable Activities Financial Support

International International Human Resource (HR) For SMEs:

Talent Recruitment For SMEs**:

Talent Overseas Market Attachments For SMEs:

International Business Fellowship (iBF) For all companies:

Customised Training for Overseas Expansion For SMEs:

How the market attachment grant

How we supported Company Z: Provided grant support to company to help defray

Information accurate at time of printing // October 2015

1800-IESPORE (1800-4377673) local toll-free

Trade Credit Insurance Political Risk Insurance Scheme

Eligibility Singapore-based company with Singapore-based company with at least three

TCIS & PRIS

Loans are for Loans are for