Overseas Marketing Presence

This is an activity under the Overseas Business Development pillar. MRA support for applications within this pillar is capped at S$50,000 per new market.

Supports costs incurred for:

• Basic salary of 1 permanent Business Development (BD) staff stationed in the overseas market
• Office space rental for the purpose of BD work

Please note:

• Companies may seek support for hiring of BD staff only. However, standalone office space rental expense (without hiring of BD staff) is not supportable.
• Project support is pegged at 30% if the BD staff is a foreigner.
• The BD staff:
  • Should be a permanent staff of the company i.e., not hired only for the duration of project
  • Should be stationed in the market for the entire project duration (remote working is not supportable)
  • Need not be a new hire but he/she must not have commenced BD work for the market prior to application submission
  • Should not hold concurrent roles in the company e.g., staff is BD and operations manager.
• There should not be concurrent Overseas Marketing Presence and In-market Business Development applications for the same market.

For more information on what is not supported under MRA, please refer to FAQs > Supportable Activities.

Documents required for application

Once you have ensured that your business meets all eligibility criteria and you are ready to apply on BGP, you will be required to submit the following documents.

1. Company’s Financial Statements (FS) for the past 3 years

   Financial statements refer to audited statements/management accounts including a profit & loss and balance sheet (both signed off by an authorised person with the name and designation clearly stated).

   Newly incorporated companies (i.e. < 1 year) may submit other relevant supporting documents such as to-date unaudited financial statement, or management accounts endorsed by company’s shareholder/director instead.

   If your company belongs to a corporate group*, please also submit:

   • Ultimate corporate group financial statements for the past 3 years
   • ACRA bizfile of holding companies and/or subsidiaries
   • Corporate group structure
   • Complete SGX Shareholder report (if parent company is listed on the Singapore Exchange (SGX))

   *A corporate group is made up of the applicant, holding companies owning > 50% of the applicant, and subsidiaries that the applicant owns > 50% of.
   
   

2. Employment or appointment letter of the BD staff
   
   

3. Quotation for office space rental (if applicable)

Documents required for audit

All MRA claims are subject to audit by an auditor from EnterpriseSG’s pre-qualified panel after project completion, before claim submission. Please submit the following documents to the auditor.

1. Statement of Claim
2. Invoice(s)
3. Any of these:
   • Company’s bank/credit card statement
   • Payor’s bank/credit card statement (for payment(s) made on behalf of the company by its director/shareholder)
   • Bank’s advice slip (for payment(s) via bank draft, telegraphic transfer, etc.)
   • Bank transactions proof reflecting both company’s and recipient’s account name and account number (for payment(s) via PayNow, GooglePay, etc.)
4. Other document(s) necessary as proof of payment e.g., photocopy of cheque, payment voucher
5. BD staff’s employment letter/agreement and payslips/CPF statement
6. Either of these: i) photocopy of BD staff’s passport showing dates of entry and exit from the market, ii) BD staff’s residential or long-term hotel stay lease agreement
7. Office space rental agreement (if applicable)

You may engage the auditor for more information.

Documents required for claims

After the completion of audit, submit a claim on BGP with the following documents by the claim submission deadline specified in your Letter of Offer.

1. Audit report
2. Statement of Claim (endorsed by auditor)
3. Project deliverables:
   • Proof of business development and marketing activities conducted by the BD staff in the market (e.g., business meetings conducted, report detailing progress/milestones achieved)

Achievement of project deliverables is assessed to determine if the project has been completed satisfactorily.

After claims approval, the grant will be disbursed via GIRO to your designated bank account. Please submit this GIRO form if no GIRO details have been submitted to Enterprise Singapore previously.

Business Grants Portal (BGP)

Sign in to your Corppass account to transact on BGP. Sign up if you do not have a Corppass account yet and refer to this guide for help.

Third party companies are not allowed to apply or manage the grant on behalf of applicant companies.