Business benefits-at-a-glance

• An AI-enhanced platform, Business sans Borders, will allow SMEs to digitally connect with domestic and overseas business partners.
• Announced in 2019 SMEs Go Digital was expanded in 2019 giving SMEs access to pre-approved digital solutions.
• Scale up SG gives SMEs the opportunity to learn from experts to develop and grow their leadership teams.
• All financing schemes were integrated into the Enterprise Financing Scheme, meaning the government will cover up to 70% of the risk of bank loans for approved businesses.
• The foreign work quota was lowered to 38% of business’ workforce. 
  

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