Singapore Economic Development Board (EDB) · 22 Oct, 07:00 · Business briefing

2023 in Review: Singapore’s incentives and schemes for global businesses and local enterprises

The Singapore Economic Development Board highlights the nation’s strategic incentives and schemes designed to attract global businesses and support local enterprises in 2023.

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The briefing

The story
in brief.

What happened, who it affects, and why it landed on our intelligence desk — in plain English, sixty seconds or less.

The Singapore Economic Development Board highlights the nation’s strategic incentives and schemes designed to attract global businesses and support local enterprises in 2023. The report outlines various financial grants, tax benefits, and regulatory frameworks aimed at fostering economic growth and innovation. These measures target multinational corporations seeking regional headquarters and domestic companies looking to scale operations. By streamlining bureaucratic processes and offering competitive fiscal advantages, Singapore reinforces its position as a premier global business hub. This summary provides a factual overview of the government’s efforts to stimulate investment and sustain economic resilience amidst evolving international market dynamics.

Employer demand for Finance and Accounting skills — indexed growth since 2019
Indicative index of skill mentions in professional job postings for the field this story moves (2019 = 1)

Your move

What this means
for your career.

Every headline redistributes opportunity. Here is who this one rewards — and how to be on the right side of it.

This development signals a surge in demand for professionals adept at navigating complex regulatory landscapes and optimising fiscal strategies. If you work in finance, compliance, or strategic planning, your expertise in interpreting government incentives becomes highly valuable. Focus on upskilling in tax optimisation, grant management, and cross-border regulatory compliance to stay ahead. You should actively monitor EDB updates to identify emerging sectors receiving targeted support, such as digital economy or sustainable industries. A smart professional would immediately audit their current skill set against these priority areas, seeking certifications in compliance or financial modelling. Engage with industry networks to understand how peers are leveraging these schemes, positioning yourself as an indispensable advisor for organisations capitalising on Singapore’s competitive advantages.

For this story, the fields that convert it into pay are Finance and Accounting, Compliance And Governance, Business And Management and Taxation Essentials — exactly the programmes matched below. The chart shows the indicative salary uplift certified professionals report in each of those fields; every one of them is a click away, from £79, finishing in as few as 20 days.

Indicative salary uplift in the fields matched to this story
Indicative ranges from published continuing-education salary studies, by field — each field is a recommended course below

Matched to this story

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