IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Apr 2015 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

On 1 April 2015, Singapore extended its Internationalisation Finance Scheme to finance also mergers and acquisitions transactions aimed at the overseas expansion of Singaporean businesses. With the amendment, local firms may obtain up to 30 million SGD (in the exchange rate on that date, ca. 22 million USD) in credit facilities, conditional on the M&A activities being in line with the company's core business.
Previously the government supported companies in their overseas expansion through asset-backed financing, structured loans and banker's guarantees.
The scheme is open to all Singaporean businesses which are not investment holding companies and have a turnover of less than 300 million SGD (for non-trading entities) / 500 million SGD (for trading companies).
The list of potentially affected sectors and trading partners was based on those mentioned on the International Entreprise Singapore's website under the link >Venture Overseas>Browse by Market and >Browse by Sector.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

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