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Everything you need to know about setting up and succeeding in Singapore
𝗠𝗔𝗦 𝗦𝘂𝗽𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝗦𝗺𝗮𝗹𝗹 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝘀
𝗠𝗔𝗦 𝗦𝘂𝗽𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝗦𝗺𝗮𝗹𝗹 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝘀
The Monetary Authority of Singapore (MAS) offers a range of targeted schemes to help small financial institutions grow and innovate.
𝘒𝘦𝘺 𝘚𝘶𝘱𝘱𝘰𝘳𝘵 𝘈𝘳𝘦𝘢𝘴:
𝟭. 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗦𝘂𝗽𝗽𝗼𝗿𝘁
-Apply for IMDA digitalisation schemes (advisory & project management)
-List on the SFA Fintech Service Provider Directory
-ESG’s Enterprise Development Grant (EDG) for upgrading, innovation, and internationalisation
𝟮. 𝗧𝗮𝗹𝗲𝗻𝘁 𝗥𝗲𝗰𝗿𝘂𝗶𝘁𝗺𝗲𝗻𝘁 & 𝗧𝗿𝗮𝗶𝗻𝗶𝗻𝗴
-Financial Associate Management Scheme / Overseas Attachment Programme (recruitment & secondment subsidies)
-IBF Training Support (standard, financial-specific, and transformation training)
-FSTI grants for POC, AID, and RegTech R&D
𝟯. 𝗧𝗮𝘅 𝗜𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗲𝘀
-Startups: First S$100,000 tax-exempt up to 75%, next S$100,000 up to 50% (for first 3 years)
-All firms: First S$10,000 tax-exempt up to 75%, next S$190,000 up to 50%
-Corporate income tax rebate up to S$15,000; unutilised losses can be carried forward indefinitely
FOZL’s Private Client Services offers one-stop support for fund setup, tax structuring, and compliance — including VCC structuring, fund administration, and licensing. We help clients stay compliant, scale globally, and achieve long-term strategic goals.
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Tel:+65 6717 0088
E-mail:marketing51@fozl.sg
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