• Support of Up to 70% of eligible costs, capped at S$100,000 per Company per new market* from 1 April 2020 to 31 March 2023 that covers:

• MRA Grant is eligible for Company who meet following criteria:
  1. Business entity is registered/incorporated in Singapore
  2. At least 30% local shareholding
  3. Group Annual Sales Turnover of not more than S$100 million; OR Company’s Group Employment Size of not more than 200 employees
• Each application is limited to one activity in a single overseas market. No limitation on how many applications for a Company per year.
• Click here for the updated list of MRA supportable activities

Type: Overseas Marketing Presence (OMP)

• You must:
  • Use the grant for marketing and/ or business development.
  • Meet the New Market Criteria (NMC), which is defined as a new city where the company has not had sales in excess of S$100,000 in any one year for the past three years.
  • Post at least one Singaporean or Permanent Resident to be based in the market to conduct marketing and/ or business development work.
• Eligible expenses:
  1. Salary of maximum two business development staff stationed at the market (of which, one has to be a Singaporean or Permanent Resident).
  2. Rental expenses of the specified location.
• All projects are subjected to:
  1. A grant cap of S$100,000 per project
  2. Maximum support duration of 12 months per project
• Support level:
  • SMEs can receive up to 80% of qualified costs (non-SMEs up to 60%) from 1 April 2020 to 31 December 2020. From 1 January 2021 onwards, support level changed to 70% for SMEs, 50% for non-SMEs

• DTDi will be extended by Five years to 31 December 2025.
• Click here to view the updated list of qualifying activities and expenditure available for double tax deduction