Start Digital Incentive
Topics To Be Discussed
Key Facts about the Start Digital
2. 30% or more local shareholding;
3. Company is an SME.
Benefits of Singapore Start Digital Incentive
The Start Digital initiative offers a multitude of benefits to eligible companies, empowering them to harness the full potential of digital solutions. Here's why participating in this incentive is a game-changer for SMEs:
- Access to Essential Digital Solutions: With the Start Digital initiative, eligible companies gain unrestricted access to a range of digital solutions that are crucial for modern businesses. These solutions are carefully curated to cater to various aspects of your operations.
- Enhanced Relevance: By embracing digital tools, your business becomes more relevant in today's digital-first marketplace. Whether you're a newcomer or an established SME, these solutions ensure that you stay in step with evolving customer expectations and industry trends.
- Improved Competitiveness: Digitalization is the key to unlocking enhanced competitiveness. The Start Digital Packs encompass solutions that streamline your processes, boost efficiency, and enable data-driven decision-making. This, in turn, helps you stay ahead of the competition.
- Wide Range of Partners: You have the flexibility to choose from a variety of trusted partners, including DBS, Maybank, OCBC, UOB, M1, and Singtel. This means you can opt for the partner that aligns best with your business's needs and preferences.
- Diverse Digital Categories: The initiative covers a spectrum of digital categories, including Sales Generation, Business Efficiency, and Cybersecurity. You can select at least one foundational digital solution from any of these categories, tailoring your choices to your specific requirements.
- Generous Fee Waiver Period: Upon selecting your desired digital solutions, eligible SMEs receive a minimum of six months (or equivalent) of fee waiver. During this period, you can fully explore the capabilities of these solutions without incurring costs, allowing for a risk-free trial period.
Eligibility Criteria for the Start Digital Incentive Singapore
To qualify for the Start Digital initiative, business entities, including sole proprietorships, must meet the following criteria:
Registered and operating in Singapore: An applicant should be a company incorporated in Singapore and physically domiciled in the country.
Minimum of 30 percent local shareholding: The entity must have a minimum of 30 percent local shareholding to ensure that it contributes to the local economy.
Group sales turnover not more than S$100 million per annum: The combined annual sales turnover of the business and its affiliated companies should not exceed S$100 million.
How to Apply for the Start Digital
How We Can Help with the Start Digital
This series of articles regarding Singapore government incentives was prepared by CorporateServices.com, a leading Singapore-based corporate service provider. We offer a range of services for private limited companies in Singapore. Our team of experienced experts provides Singapore company registration and other incorporation-related services through our cutting-edge online platform.
Contact us if you need assistance with setting up a new Singapore company or would like to transfer the administration of your existing company to us.