For Small and Medium Enterprises (SMEs) in Singapore, there are several entities you can liaise with and seek guidance from to navigate various aspects of business operations, regulations, and growth opportunities. Here are some key entities:
Resource by Chancery Corporate Services located in the premises of Attorneys Inc. LLC at Suntec City Tower 2 #26-02A
Enterprise Singapore (ESG) | Formerly known as SPRING Singapore, Enterprise Singapore is the government agency championing enterprise development. They provide assistance and support to SMEs in areas such as capability development, access to markets, and financing. | |
Accounting and Corporate Regulatory Authority (ACRA) | ACRA is the national regulator of business entities and public accountants in Singapore. SMEs can seek guidance from ACRA on matters related to business registration, compliance, and corporate governance. | |
Infocomm Media Development Authority (IMDA) | For SMEs operating in the tech and digital space, IMDA offers various support schemes, grants, and initiatives to foster innovation, digital transformation, and adoption of technology. | |
Singapore Economic DevelopmentBoard (EDB) | EDB plays a vital role in attracting foreign investments and supporting the growth of local enterprises. They offer advisory services and assistance to SMEs looking to expand their operations locally or internationally. | |
Workforce Singapore (WSG) | WSG provides support to SMEs in areas related to human resource development, training, and workforce management. They offer grants and programs to help SMEs upgrade the skills of their employees and improve productivity. | |
Inland Revenue Authority of Singapore (IRAS) | SMEs can seek guidance from IRAS on matters related to taxation, including corporate tax, goods and services tax (GST), and compliance with tax regulations. | |
Association of Small & Medium Enterprises (ASME) | ASME is a non-profit organization dedicated to championing the interests of SMEs in Singapore. They provide networking opportunities, advocacy, and business support services to help SMEs thrive. | |
Chambers of Commerce | Organizations like the Singapore Chinese Chamber of Commerce & Industry (SCCCI), Singapore Indian Chamber of Commerce & Industry (SICCI), and Singapore Malay Chamber of Commerce & Industry (SMCCI) provide networking platforms, business support, and advocacy for SMEs belonging to specific ethnic or industry segments. | Chambers of Commerce: |
Financial Institutions | Banks and financial institutions in Singapore offer a range of financial products and services tailored to the needs of SMEs, including business loans, trade financing, and cash management solutions. Building a relationship with a bank can provide access to financing and advisory services. | urls are based on Jan 2022 updates. Make sure to verify the URLs for the most current information. |
Consultants and Business Advisors | There are many consultancy firms and business advisors in Singapore offering specialized services in areas such as strategy, marketing, operations, and compliance. SMEs can engage these professionals for expert advice and guidance tailored to their specific needs. |
Engaging with these entities can provide SMEs in Singapore with valuable resources, support, and guidance to overcome challenges and capitalize on opportunities for growth and success.
