Answer 5 quick questions to see if your Singapore company qualifies for government funding support
Let's determine if you're eligible. This quick assessment takes just 2 minutes to complete.
Let's dive deeper into each requirement so you understand exactly what qualifies
Your company must be registered in Singapore and have at least 30% equity held by Singapore Citizens or Singapore Permanent Residents. This requirement ensures the grant supports genuine Singapore-based businesses.
Your company must qualify as an SME. The definition is generous: if you have annual group revenue under S$100 million OR fewer than 200 employees, you're an SME for MRA purposes.
You must be either entering a completely new market where you have no presence, or the target market must show early-stage potential with sales under S$100K annually for the past 3 years.
Your planned activity must fall into one of three categories recognized by Enterprise Singapore. These are designed to help you enter and develop overseas markets strategically.
Be aware of activities and costs that fall outside the MRA Grant scope:
Answers to the most frequent questions we hear about eligibility
Yes! Non-SMEs (large enterprises) can still apply, but they receive up to 50% funding support instead of 70%. All other eligibility criteria remain the same. This makes it a strong option for larger companies looking to expand overseas with reduced capital burden.
You must apply BEFORE incurring costs. The MRA Grant does not support retrospective claims. Plan your overseas expansion activity, submit your application and get approval first, then proceed with spending. This protects you and ensures proper documentation.
Absolutely! The MRA Grant allows you to develop multiple markets simultaneously. Each market can have its own funding allocation up to the category caps. You're not limited to one market at a time.
Local equity means shareholding held by Singapore Citizens or Singapore Permanent Residents. It's calculated based on your company's share capital structure. If you're unsure, check your company's register of members or consult your accountant.
Definitely! Eligibility can change. For example, if your company was previously not SME-qualified due to revenue, reaching a lower threshold would change that. You can reapply whenever your circumstances change and you meet the criteria.
You'll typically need to provide audited financial statements (last 1-2 years) showing revenue and employee headcount. For smaller companies, management accounts may suffice. Have these ready when preparing your application.
If you've confirmed your eligibility, here's what to do next
Prepare company registration documents, audited financial statements, and details of your planned overseas activity.
Define your market, identify which funding category your activity falls into, and estimate your costs.
Submit through Enterprise Singapore or with support from an approved consultant like us.
Once approved, execute your activity and submit claims for reimbursement — it's that simple!
Need help with your application? We've guided over 100+ Singapore companies through the process.