The Business Adaptation Grant (BAG) introduced by Singapore helps companies navigate challenges from global trade uncertainties, particularly US tariffs. By offering up to S$100,000 in financial support, the grant assists businesses in adapting their operations, retaining employees, and remaining competitive in a rapidly changing environment.
Singapore SMEs must recognise that they cannot sign a contract, make a payment, or commence work without first submitting the Market Readiness Assistance MRA grant unless they are deposits for trade exhibitions. Once accepted, customers must follow the terms and conditions indicated in the contract. This includes only spending [...]
As Singapore continues to establish itself as a global business hub, many enterprises are exploring opportunities for international expansion. This journey, while promising, is fraught with complexities that businesses must navigate. By leveraging strategies such as the Market Readiness Assistance (MRA) program, companies can streamline their efforts to expand [...]
Top FAQs on Overseas Market Set-Up of the MRA grant: Can I claim trademark applications for multiple jurisdictions? Are accounting fees covered? Are joint-ventures supported? Are my licenses supported?
All you need to know about MRA grant claims: When can I start my claims? Will my claims be rejected? Will I pay for my own audit? What happens if I miss the deadline? What documents must I provide?
Diving deep into Overseas Market Promotion portion of the MRA grant: How much booth space can I claim? How do I claim marketing expenses in multiple countries? What deliverables do I need to show?