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Want to grow your business, but not sure how? Tap on our collaborations with international partners to explore beyond the shores of Singapore.
How Retailers can internationalise
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Avenues
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CONSIDERATIONS
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HOW CAN YOU GET INVOLVED?
GRANTS AVAILABLE
IMAP SCHEME
- Made available to organising TACs who are leading overseas missions and trade fairs, in order for companies to reach global customers, get feedback on products and services, and learn more about overseas markets.
- The organising TAC is responsible for all expenses related to the activity, and will seek reimbursement for eligible expenses from Enterprise Singapore on behalf of participating companies.
- TACs can apply for iMAP funding to support events that fall within the following periods:
Trade fairs: 1 April each year to 30 September of the following year.
Business missions: 1 April each year to 31 March of the following year. - Events supported by iMAP: https://www.enterprisesg.gov.sg/events/imap
Companies participating in iMAP-approved activities must be:
- Small and Medium Enterprises (SME) looking to promote themselves in overseas markets through trade shows
or missions. - Incorporated/registered in Singapore, and have at least 3 of the below core business functions/activities
operating with Singapore
‣ Market development and planning
‣ Logistics and shipping management
‣ Research, development and design functions
‣ Manufacturing and other value-added activity
‣ Business and investment planning
‣ Banking, financial and treasury functions
Funding support: Up to 50% or 70% of eligible core expenses (depending on which country the event is held in)
– including exhibition rental space, booth construction, publicity and fair or mission consultancy costs. Companies can also apply for Double Tax Deduction for Industrialisation (DTDi) for costs not covered by iMAP
(e.g. travel and accommodations)
ESG Assistance for companies
- Claim 200% tax deduction on the first S$150,000 of eligible expenses for market expansion and investment development activities
- 4 stages: Market preparation (research studies, product certification etc); Market exploration (overseas business missions trips and trade fairs); Market promotion (advertising and promotional campaigns); and Market presence (overseas trade offices, master licensing and franchising, employee overseas posting)
- Effective from Year of Assessment 2019.
- Claim 200% tax deduction on the first S$150,000 of eligible expenses for market expansion and investment development activities
- 4 stages: Market preparation (research studies, product certification etc); Market exploration (overseas business missions trips and trade fairs); Market promotion (advertising and promotional campaigns); and Market presence (overseas trade offices, master licensing and franchising, employee overseas posting)
- Effective from Year of Assessment 2019.
- Claim 200% tax deduction on the first S$150,000 of eligible expenses for market expansion and investment development activities
- 4 stages: Market preparation (research studies, product certification etc); Market exploration (overseas business missions trips and trade fairs); Market promotion (advertising and promotional campaigns); and Market presence (overseas trade offices, master licensing and franchising, employee overseas posting)
- Effective from Year of Assessment 2019.
- Claim 200% tax deduction on the first S$150,000 of eligible expenses for market expansion and investment development activities
- 4 stages: Market preparation (research studies, product certification etc); Market exploration (overseas business missions trips and trade fairs); Market promotion (advertising and promotional campaigns); and Market presence (overseas trade offices, master licensing and franchising, employee overseas posting)
- Effective from Year of Assessment 2019.
OUR SUCCESS STORIES
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