Rikvin Pte Ltd

Singapore Company Registration Specialists

  • WhatsApp Us+65 8699 8821
  • Get a Quote Now


  • Home
  • Services
    • Incorporation
    • Corporate Secretary
    • Taxation
    • Transfer Pricing
    • Accounting
    • Immigration
    • HR Outsourcing
    • Business Advisory & Support
    • Switch to Rikvin
  • Learn
    • Incorporation
    • Work Visas
    • Taxation
    • Accounting
    • Compliance
    • Resources
    • Blogs
    • Infographics
    • Industry Guides
    • FAQs
  • Tools
    • Company Name Check
    • SSIC Codes Search
    • AGM Calculator
    • Tax Calculators
    • Personal Tax Calculator
    • Corporate Tax Calculator
    • Global Tax Calculator
    • Work Visas
    • PEP Assessment
    • More Free Tools
  • About
  • Contact
You are here: Home / Press Releases / Additional Funding to Help Singapore SMEs Regroup and Grow

Additional Funding to Help Singapore SMEs Regroup and Grow

Singapore SMEs Regroup and Grow

Singapore Company Registration specialists Rikvin supports SPRING Singapore’s latest move to enhance enterprise-level funding for small to medium size enterprises (SMEs) via the Capability Development Programme (CDP).

The enhanced Capability Development Programme, which supports initiatives such as human capital development, new technology adoption, product innovation, service quality as well as productivity and branding, is effective from 1 April and over the next three years (until 31 March 2015).

Via the enhanced Programme, SPRING Singapore will:

1. grant eligible SMEs 70% subsidy of qualifying CDP costs and
2. bump up its funding by an additional S$200 million.

Analysis by Rikvin shows that the 20% increase in subsidy of qualifying CDP costs will significantly help cash-strapped SMEs mitigate rising business costs and have the opportunity to build up their capabilities and restructure their business for growth amidst a tight domestic labor situation. The increased funding will also benefit 1800 more SME projects so that they can sustain their growth momentum.

Furthermore, the Capability Development Programme dovetails with the Productivity and Innovation Credit Scheme (PIC Scheme). While the enhanced CDP significantly subsidizes qualifying expenses that help Singapore companies strengthen their capabilities, the PIC scheme offers significant tax savings or cash payouts to enterprises that are committed to moving up the productivity and innovation value chain.

Affirming the view, Mr. Satish Bakhda, Head of Rikvin’s Operations, said, “The enhanced CDP support along with the tax incentives offered by the PIC Scheme will help ease the pain faced by small enterprises in the short term. In the nearer to mid-term, we anticipate that these measures help entrepreneurs to see Singapore as the ideal launching pad for their business and motivate more of them to form a Singapore company.

Rikvin Company Registration in Singapore
Rikvin Content

Rikvin’s content team includes in-house and freelance writers across the globe who contribute informative and trending articles to guide aspiring entrepreneurs in taking their business to the next level in Asia.

Rikvin Supports Singapore Government’s Plans to Bolster Manufacturing Sector
Rikvin Welcomes Simplified Tax Filing for Small Singapore Firms
InCorp GroupPrimeGlobal

Rikvin Pte Ltd

EA License No. 11C3030

36 Robinson Road,
#20-01 City House,
Singapore 068877

Company Registration

  • Company Incorporation
  • Subsidiary Registration
  • Branch Registration
  • Representative Office Registration
  • Offshore Company Registration

Immigration

  • Employment Pass Guide
  • ONE Pass Guide
  • Tech.Pass Guide
  • Singapore Work Visas
  • SG Immigration Options

Taxation

  • Corporate Tax Guide
  • Personal Tax Guide
  • Tax Filing Calendar
  • Singapore GST Guide
  • Transfer Pricing

Resources

  • Infographics
  • FAQs
  • Singapore Company Name Check
  • Income Tax Calculator
  • Incorporate Now

© 2025 Rikvin Pte Ltd (UEN 200708442E) An InCorp Group Company. All Rights Reserved.

Terms of Use | Privacy Policy

Sitemap | Terms of Use | Privacy Policy

© 2025 Rikvin Pte Ltd. UEN: 200708442E · All Rights Reserved.