Up to 50% of Eligible Costs for Local SMEs
The support is capped at S$100,000 per company per new market and covers activities under three pillars:
Overseas Market Promotion
Claim benefits of up to
S$20,000
Overseas Business Development
Claim benefits of up to
S$50,000
Overseas Market Set-Up
Claim benefits of up to
S$30,000
MRA Activities
MRA supports companies in their overseas expansion by covering up to 50% of costs for activities across 3 pillars (capped at S$100,000 per new market)
Overseas Market Promotion
Overseas Marketing & PR
Conduct a marketing/PR campaign to promote products & services
Overseas Physical & Virtual Trade Fair
Overseas Physical & Virtual Trade Fair Participate in overseas trade fairs
Overseas Business Development
Identification of Potential Overseas Partners
Identify franchisees, distributors, JV partners logistic partners, etc.
In-market Business Development
Engage business development services overseas
Overseas Marketing Presence
Conduct a marketing/PR campaign to promote products & services
Overseas Market Set-Up
Market Entry
Apply for overseas incorporation, IP protection, trade credit insurance, etc
FTA & Trade Compliance Consultancy
Seek consultancy services on Free Trade Agreements and trade compliances
Eligibility
To be eligible for the MRA grant, the company must meet these criteria:
-
Business entity is registered and operating in Singapore
-
At least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership
-
New to target overseas market
The company’s annual sales in the target market must not have exceeded S$100,000 in any of the preceding three years -
Group Annual Sales Turnover not exceeding S$100 million OR a Group employment size not exceeding 200 employees