Business Encyclopedia

A

Accounting and Corporate Regulatory Authority (ACRA)
Audited Financial Statement
Annual General Meeting (AGM)
Annual Report (AR)
Articles of Association
Apostille

B

BizFile
Business Grants Portal
Business Profile

C

Central Provident Fund (CPF)
Certificate Of Residence (COR)
Common Reporting Standard
Common Seal
Companies Act (Cap. 50)
Company Constitution
Company Secretary
Company Stamp
CorpPass

D

Dependant’s Pass
Directors’ Resolution in Writing (DRIW)
Dividend
Dormant Company
Double Taxation Agreement (DTA)
Due Diligence

E

Electronic Register of Members (eROM)
Employment Pass (EP)
EntrePass
Enterprise Development Grant (EDG)
Estimated Chargeable Income (ECI)
Exempt Private Company (EPC)

F

Financial Year End (FYE)
Form C-S/ C
Form C-S (Lite)
Fund Accounting

G

Goods and Services Tax (GST)

H

Hedge Fund

I

Import/Export License
Income Tax
Initial Public Offering (IPO)
Inland Revenue Authority of Singapore (IRAS)
Intellectual Property Office of Singapore (IPOS)
Interim Dividend
IR21 Form
IR8A Form

J

K

Know Your Customer (KYC)
Knowledge Capital

L

Letter of Consent (LOC)
Limited Liability Company (LLC)
Limited Liability Partnership (LLP)
Limited Partnership (LP)
Liquidation (Court Order/Compulsory)
Liquidation (Voluntary)
Long Term Visit Pass (LTVP)

M

Ministry of Manpower (MOM)
MTI

N

Nominee Director
Nominee Shareholder
National Registration Identity Card (NIRC)
Notice of Assessment (NOA)

O

P

Partnership
Personal Data Protection Act (PDPA)
Personalised Employment Pass (PEP)
Private limited company
Productivity Solutions Grant (PSG)
Permanent Resident (PR)

Q

Quickbook Accounting

R

Register of Charges
Register of Nominee Director
Register of Registrable Controllers (RORC)
Registered Office Address

S

S Pass
Share
SingPass
Small Company
Sole Proprietor
Special Employment Credit
Sponsored Employment Pass
Striking Off

T

Trademark
Temporary Bridging Loan
Temporary Employment Credit (TEC)

U

UEN
Unaudited financial statement
Undischarged Bankrupt

V

Variable Capital Company (VCC)
Venture Capitalist (VC)

W

Wage Credit Scheme
Withholding Tax (Section 45)

X

XBRL
Xero

Y

Year of Assessment (YA)

Z

Zero Rated Supplies
Zero-rised Financial Statement

Enterprise Development Grant (EDG)

The Enterprise Development Grant (EDG) aids in the growth and transformation of Singapore businesses. Under the three pillars of Core Capabilities, Innovation & Productivity, and Market Access, this grant supports projects that help you update your business, innovate, or expand internationally.

Who Is Eligible to Apply?

To be eligible for the EDG, you must:

  • Be a Singapore-based company that is registered and operational.
  • A minimum of 30% local ownership is required.
  • To be able to start and finish the project, you must be in a financially feasible position.

Enterprise Singapore will evaluate applications based on project scope, outcomes, and service provider skills.

For the schemes offered by ESG, there are no mandatory application costs. The government does not approve any application costs quoted by individuals or firms providing grant application services.

Under the SkillsFuture Enterprise Credits (SFEC) system, eligible employers who meet the following conditions may qualify for additional subsidies:

  • Over the qualifying period, you must have contributed at least S$750 to Skills Development Levy.
  • During the same period, have hired at least three Singapore Citizens (SCs) or Permanent Residents (PRs).
  • Have not been eligible for SFEC during any of the previous periods

The Following Documents Will be Required to Apply for EDG

  • ACRA‘s most recent search or real-time information (dated no earlier than six months from date of project application). Please also include details for the corporate parents if there are corporate shareholders.
  • Audited financial statements or certified management accounts for your company’s most recent fiscal year, as well as consolidated financial statements for your ultimate parent company’s most recent fiscal year, if applicable.
  • Proof of quotation for the cost of your project items that is relevant. Enterprise Singapore may seek explanations on the vendor selection and alternate quotation sources if necessary.
  • Attach the consultants’ proposal specifying the scope of work, man-day rate breakdown of the service, as well as the CVs and scanned copies of Enterprise Singapore-recognised certification(s) of each consultant for projects where management consultants are employed.