Global Players from Emerging Markets: Strengthening ... - Unctad
Global Players from Emerging Markets: Strengthening ... - Unctad
Global Players from Emerging Markets: Strengthening ... - Unctad
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132 Outward Foreign Direct Investment by Enterprises <strong>from</strong> Singapore<br />
Programme<br />
Growth<br />
Financing<br />
Program<br />
SPRING<br />
SEEDS<br />
Approved<br />
Foreign Loan<br />
Incentive (AFL)<br />
Expansion<br />
Incentive for<br />
Partnerships<br />
(EIP)<br />
Integrated<br />
Industrial<br />
Capital<br />
Allowance<br />
(IICA)<br />
Regionalization<br />
Finance<br />
Scheme<br />
(Indonesia)<br />
(RFS-I)<br />
Startup<br />
Enterprise<br />
Development<br />
Scheme<br />
(SEEDS)<br />
Annex A. OFDI-facilitating programme by agencies of the Singapore Government, 2004<br />
Nature of<br />
support Agency<br />
S$1 million<br />
max<br />
S$ 300,000<br />
max<br />
Loan: min S$<br />
200,000<br />
EDB Yes, and<br />
highest<br />
valueadded<br />
functions<br />
reside in<br />
SG<br />
SPRING Yes, and<br />
highest<br />
valueadded<br />
functions<br />
reside in<br />
SG<br />
Specific<br />
to OFDI Goal<br />
Equity financing<br />
for earnest<br />
overseas<br />
expansion<br />
activities; every<br />
S$ 2 raised<br />
<strong>from</strong> third party<br />
investors will be<br />
matched by S$1<br />
<strong>from</strong> EDB<br />
Matching every<br />
dollar raised<br />
by a start-up<br />
<strong>from</strong> third party<br />
investor up to<br />
max. S$ 300,000;<br />
EDB Yes Improves<br />
company’s<br />
ability to access<br />
offshore financing<br />
for investments<br />
Tax incentives EDB Yes Leads to<br />
establishment of<br />
a regional centre<br />
of competence;<br />
Tax incentives EDB Yes Allows<br />
companies<br />
to claim K<br />
allowances<br />
for approved<br />
expenditure<br />
on plant &<br />
equipment used<br />
in overseas<br />
subsidiaries;<br />
Fixed rate<br />
loans<br />
Equity:<br />
matching funds<br />
for startups<br />
which have<br />
third party<br />
investors<br />
EDB Yes Investment in<br />
manufacturing<br />
operations or<br />
set up/expand<br />
operations in<br />
Indonesia<br />
EDB Yes Encourages<br />
entrepreneurship<br />
(scalability for<br />
the international<br />
market)<br />
Ownership of<br />
recipients<br />
Incorporated<br />
in Singapore<br />
(SG) and core<br />
activities in SG<br />
Incorporated<br />
in SG and core<br />
activities in SG<br />
Special<br />
requirements<br />
–<br />
–<br />
– –<br />
At least 50%<br />
of equity stake<br />
be held by SG<br />
tax residents<br />
(accounting/law<br />
firms legally<br />
constituted as<br />
partnership)<br />
Plants or<br />
equipment must<br />
be owned by<br />
SG<br />
All SG<br />
companies<br />
Innovative<br />
enterprises<br />
–<br />
–<br />
–<br />
–
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