Startup Tax Benefits and Green Innovation Grant

Singapore introduced startup tax exemptions and a new Green Innovation Grant, strengthening Singapore’s position as a global hub for entrepreneurship, sustainability, and technology-driven growth.

Continued 75% Tax Exemption for Startups

Newly incorporated companies will continue to enjoy a 75% corporate tax exemption on their first SGD 100,000 chargeable income.
This policy supports early-stage businesses by easing financial pressure, enabling founders to reinvest savings into expansion, technology adoption, and hiring skilled talent.

Launch of the Green Innovation Grant

Singapore introduced Green Innovation Grant. The grant supports initiatives in clean energy, sustainable manufacturing, recycling, and environmental technology. It helps startups fund R&D, green solutions, and sustainability projects that reduce carbon footprints and promote long-term resilience.

These measures show that Singapore is committed to building a strong and innovative startup environment. The mix of tax benefits and special grants makes Singapore an attractive place for both local and foreign entrepreneurs who want to grow their business in Asia.

Encouraging Sustainable Business Practices

Singapore wants more businesses to focus on sustainability. The country encourages businesses to use green technologies and follow ESG (Environmental, Social, and Governance) practices. This will help them grow in a market that values environmental responsibility and long-term success.

Key Highlights

• 75% tax exemption on the first SGD 100,000 of profits
• Launch of the Green Innovation Grant for eco-friendly startups
• Enhanced support for entrepreneurship and innovation
• Emphasis on sustainability and ESG adoption
• Focus on inclusive, long-term economic development
  
  

How CSG Advisory Can Help You

Company Registration: We help you register your company in Singapore quickly and smoothly.

Accounting Services: We take care of your bookkeeping and financial records so everything stays organized.

Tax Filing & Compliance: We handle corporate tax filings and make sure you follow all tax rules on time.

Ongoing Business Support: We support you as your business grows, so you can focus on running your company.

Conclusion

Singapore offers a balanced approach that supports both business growth and environmental sustainability. By providing startups with financial relief and green innovation support, Singapore continues to pave the way for a smarter, sustainable, and globally competitive economy.

If you have any questions or need further clarification regarding the recent amendments to the BVI Business Companies Act, our team at CSG Advisory is here to assist. Our experts can guide you through the compliance requirements, help you stay aligned with regulatory changes, and support you in growing and managing your business in Singapore with confidence.