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Top 5 Most Popular FAQs
What is the EDB?
Singapore Economic Development Board (EDB)
is the lead government agency for planning and executing strategies to enhance Singapore’s position as a global business centre. EDB dreams, designs and delivers solutions that create value for investors and companies in Singapore. Our mission is to create for Singapore, sustainable economic growth with vibrant business and good job opportunities. EDB’s ‘Home’ strategy articulates how we are positioning Singapore for the future. It is about extending Singapore's value proposition to businesses not just to help them improve their bottom line, but also to help them grow their top line through establishing and deepening strategic activities in Singapore to drive their business, innovation and talent objectives in Asia and globally.
What is the Innovation Development Scheme and is my company eligible?
The Innovation Development Scheme (IDS) aims to encourage and assist Singapore-registered companies to engage in the innovation of products, processes and applications and develop depth in innovation capabilities.
For applications and enquiries on the scheme, please email us at
What is the procedure to set up an RHQ or IHQ in Singapore?
Before you apply
Learn more about RHQ and IHQ on EDB’s website. Download and read the
for more information.
Ensure that you qualify for the programme. Contact EDB if you need help.
Meet with the EDB officer-in-charge to discuss your application. The officer can help you work out the eligibility criteria and determine if you meet them.
Applying for RHQ or IHQ
Obtain the application form from EDB.
Submit the application form with the supporting documents.
Upon successful application
Receive notification from EDB
Keep proper financial records. E.g. accounts, profit & loss, audited financial statements
File your company taxes and claim under RHQ.
For more information about the process, please contact us at
What are the options to apply for PR through the Global Investment Programme?
The Global Investor Programme (GIP) eases the way for foreign entrepreneurs to set up and conduct businesses in Singapore. EDB will provide assistance in linking up foreign entrepreneurs and investors with local business networks, thus opening up more opportunities for business collaborations. Through the GIP, you can tap on with ease a range of immigration facilitation for your entry and stay in Singapore. As a foreigner entrepreneur who is interested to start up a business or invest in Singapore, you may apply for Permanent Residence (PR) status for yourself and your immediate family (spouse and unmarried children below 21 years of age).
Under GIP, you can choose one of the following investment options:
Option A: Invest at least S$2.5 million in a new business entity or to expand an existing business operation.
Option B: Invest at least S$2.5 million in a GIP fund that invests in Singapore-based companies.
ASSESSMENT CRITERIA FOR GIP APPLICATION
You must possess at least 3 years of entrepreneurial and business track
record and must produce audited financial statements of your
company for the last 3 years.
Your company must only be engaged in one or more of the industries
listed in Annex A.
Your company’s turnover must be at least S$50 million in the year
immediately preceding your application, and at least S$50 million per
annum on average for the three years immediately preceding your
You should submit the financial statements of your company with the highest turnover. You may also consolidate your businesses, all of which must only be engaged in one or more of the industries listed in Annex A, to meet the minimum turnover criteria.
If your company is privately-held, you should have at least 30%
shareholding in the company. Your role in the company, as well as the
growth and profitability of your company would be taken into
ADDITIONAL ASSESSMENT CRITERIA FOR OPTION A APPLICANTS
You must submit a detailed 5-year business or investment plan with projected
employment and annual financial projections as outlined in Form B.
You are required to fulfill the milestones outlined in your business or investment
plan within 5 years of the date of investment.
Your company must be engaged in any of the industries listed in Annex A.
What is the Regional/International Headquarters Award?
The RHQ / IHQ award aims to encourage companies to use Singapore as the base to conduct HQ management activities.
For more information, please click
to download the Headquarters Award leaflet.
To contact an EDB officer on the RHQ or IHQ scheme, please contact us at
If you are unable to find an answer to your query, please submit your
to let us know how we can help you.
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