At the end of June, the Government announced the implementation of a new investment project for Singapore companies. The project was developed by the Infocomm Development Authority and has allocated 20 million SGD for Singapore companies to promote themselves and participate in governmental projects. The project was launched at the beginning of July. For information related to financial incentives for telecommunication companies you may rely our consultants is company registration in Singapore.
Based on Singapore companies’ expansion, the Monetary Authority and the Singapore Venture Capital and Private Equity Association have agreed on the creation of alternative funding sources for these companies. In order to be able to provide a secure environment for these types of activities a new legislation must be enabled. For current crowdfunding possibilities you may refer to our Singapore specialists in company formation.