Topics To Be Discussed
Key Facts about the Tech@SG Programme
2. Digital or technology offering as a core business product;
3. Secure more than US$10 million in investment funding in the past 36 months.
Benefits of the Tech@SG Programme
The Tech@SG Programme extends a spectrum of substantial benefits to qualifying companies, ensuring they secure the pivotal talent needed for their growth journey. Key advantages include:
- Enhanced Employment Pass (EP) Approval Assurance: Eligible companies receive invaluable company-level endorsement to the Ministry of Manpower (MOM). This endorsement significantly mitigates the risks of encountering rejections for their EP applications, streamlining the talent acquisition process.
- Steady Workforce Expansion: Under the programme's umbrella, eligible companies can anticipate securing up to 10 new EPs across a span of two years. These EPs are designated for foreign employees strategically recruited to bolster the company's core team in Singapore.
- Seamless Renewal Coverage: Beyond the initial phase, the Tech@SG Programme extends its support by covering the first renewal of each new EP acquired through the initiative. Each renewal holds a substantial validity of up to three years, ensuring an enduring and seamless employment arrangement.
By harnessing these benefits, eligible companies can not only foster a robust core team but also navigate the complexities of talent acquisition and management with heightened confidence.
Eligibility Criteria for the Tech@SG Programme
To be eligible for the Tech@SG Programme, your company must fulfill the following comprehensive criteria:
Core Digital or Technology Offering: The core of your business operations must revolve around a digital or technology offering. This encompasses instances where your business model is fundamentally built upon proprietary hardware or software technologies. Examples of such technologies include big data and analytics, artificial intelligence, and cybersecurity. Businesses falling under categories like software-as-a-service, e-commerce, digital media, digital gaming, medtech, biotech, cleantech, and fintech are illustrative instances.
How to Apply for Tech@SG Programme
How We Can Help with the Tech@SG Programme
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.