Singapore-registered SMEs with at least 30% local shareholding, a group annual turnover of not more than S$100 million, or fewer than 200 employees, are generally eligible.

The MRA Grant supports overseas market promotion (e.g., trade fairs), business development (e.g., in-market representation), and market set-up (e.g., legal, tax, and IP services).

You may receive up to 70% of eligible costs, capped at S$100,000 per company per new market across various activity categories.

We help identify eligible activities, prepare supporting documents, and manage the application process end-to-end, ensuring alignment with Enterprise Singapore’s criteria.

The full process — from consultation to approval — typically takes 6–8 weeks, depending on document readiness and Enterprise Singapore’s review time.

An application may be rejected for different reasons such as: A company which does not meet the eligibility criteria (Refer to the first question above) A company holding a shell business registration or having its main business operations outside Singapore A non-profit organisation A company seeking support for the purpose of fundraising or increasing domestic sales

To optimise the advantages provided by the MRA Grant and guarantee a prosperous venture in international business development, adherence to the subsequent guidelines is highly recommended: Perform extensive market analysis to gain a deep understanding of the specific target market and ascertain potential clientele. Formulate an extensive marketing strategy to effectively showcase and advertise your offerings within the designated market segment. Develop connections with nearby collaborators, distributors, and providers to bolster your market influence. Engage in international trade expositions and diplomatic excursions to augment recognition and establish trustworthiness.

The MRA grant is available to Singaporean small and medium-sized enterprises (SMEs) that meet the following criteria: Registered and operating in Singapore Have a minimum of 30% local shareholding Have a Group Annual Sales Turnover of not more than S$100 million or a group employment size of not more than 200 employees

Here is a guide on submitting your claims and getting your project expenses audited: 1. Ensure all claims, along with their supporting documents, are submitted exclusively through the Business Grants Portal. It is important to complete this process within three months from the project end date. 2. To ensure accuracy and compliance, your project expenses will need to be audited by an auditor approved by Enterprise Singapore (ESG). This audit fee grant can be claimed, with a maximum limit of $500 or the support level specified in Annex 1 of the Letter of Offer, whichever is lower. 3. The contact details of ESG-approved auditors will be conveniently provided in the annex section of your Letter of Offer. Make sure to refer to this annex to find the appropriate auditor for your project. 4. It’s important to note that the MRA grant is administered solely on a reimbursement basis. This means that you will need to pay for the expenses initially and then submit a claim for reimbursement. 5. Depending on the specific requirements of your project, you may be asked to provide additional documents as proof of completion such as a comprehensive report detailing potential customers or partners, a write-up describing an event, or evidence of your participation in trade fairs.

Specialised Expertise: Our team has a deep understanding of the MRA Grant requirements and processes, allowing us to provide tailored support to Singaporean businesses. Proven Track Record: We have a strong track record of helping businesses successfully qualify for the MRA Grant, demonstrating our commitment to delivering results. Proven Methodology: Our Partners Suitability Analysis and Metrics (“PSAM”) lowers the non-performance risks and increase the probability of success rate for the potentials identified. Personalised Approach: We understand that each business is unique, and we tailor our services to meet the specific needs and goals of our clients. If you’re a business owner in Singapore looking to access the MRA Grant, Finnex is here to help. Contact us today to learn more about how we can support your business in qualifying for this grant opportunity.