Business Matching
Empowering Business Synergy in Southeast Asia
Expand to Indonesia, Vietnam, Malaysia, & Laos
Are you a business in Singapore looking to expand your horizons? The MRA Grant Singapore is here to help you take that leap! With the Market Readiness Assistance Grant, you can get the access that supports your journey into new overseas markets. The business expansion grants Singapore offer up to 50% subsidy on eligible costs, making it easier for you to explore new markets without the financial strain. Whether you’re a startup or an established SME, this grant is designed to empower you with the resources you need to thrive internationally.
Have you achieved success in the Singapore market but are hungry for more growth and opportunities?
Do you want to Set up Business in other countries for your products or services?
Bizsquare is here to help Singaporean businesses unlock growth opportunities in Indonesia, Vietnam, Malaysia, & Laos.
Leverage our expertise and experience to establish a strong local presence and build key partnerships for success in Southeast Asia. Our business matching and market entry services provide valuable insights and strategic guidance to position your business for success.
Expand your horizons!
Take the leap into the overseas market with confidence.
ASIA IS A THRIVING MARKET FULL OF UNTAPPED POTENTIAL
Benefit Of Expanding To Southeast Asia
- Diversification of revenue streams in a rapidly growing market
- Leverage on the “Singapore” brand premium and enhance your brand
- Optimize your cost structure and achieve greater profitability.
“You can focus on things that are barriers or you can focus on scaling
the wall or redefining the problem.”
– Tim Cook
4th largest consumer market
( 277~ million)
World’s 5th Largest Economy
Home to over 680 million people and a combined GDP exceeding $3.6 trillion
Upper-middle income country
GDP per capita of US$4,200 in 2022 with a forecasted population of 135 million by 2030
Expanding Middle Class
An emerging middle class of over 350 million by 2030
3rd fastest growing economies in the G20
Real GDP growth projection 2023 4.8%
Rapid Economic Growth
Average annual GDP growth rate of 5%, the region is among the fastest-growing globally
Young Demographic
Over 60% are of working age
Diverse, Young Demographics
Over 50% of the population is under 30, creating a dynamic workforce and a large, tech-savvy consumer base
WHY BIZSQUARE ?
Expanding your Singapore SME to Indonesia, Vietnam, Malaysia, or Laos? Don’t navigate the market alone.
We understand that navigating a new market can be daunting, but with our expertise…
Say goodbye to uncertainty and…
HELLO to growth!
EXPERT GUIDANCE
AND SUPPORT
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Certified Practicing
Management Consulting (PMC) Leadership
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Comprehensive market insights and analysis
SOLID INDONESIA &
SINGAPORE TEAM
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Dedicated Local Support
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In-depth knowledge
regulatory landscape
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Navigate any cultural barriers and build strong relationships with local stakeholders
WELL-DIVERSED EXPERTISE WITH NICHE SPECIALIZATION
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CATERED TO SME
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Tailored solutions for SMEs
seeking growth beyond
Singapore
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MRA Grant application advisory
OUR SERVICES
Let Us Be Your Trusted Partner In Unlocking Your Success.
with our expertise and support, you can leave the guesswork behind and you can navigate the complexities of entering Southeast Asia with confidence. Let’s work together and make your expansion dreams a reality.
EFFICIENT TARGETING
Connect with Bizsquare curated list of pre-screened partners or clients who align with your business objectives, saving time and effort
EXPANDED NETWORK
Connect with industry players and experts,opening doors to new opportunities and collaborations
INCREASED SUCCESS RATE
Find mutually beneficial partnerships and increase the success rate of your business endeavors
MARKET ENTRY
Filing and registration
of representative offices
and other legal agreements
Equity entity, intellectual
property search, license
application
Import & export license
application
BUSINESS MATCHING
Conducting market research
Connecting synergistic
collaborations
Facilitating negotiation
for collaboration
Bizsquare Business Matching
ABOUT MRA GRANT
The Market Readiness Assistance (MRA) Grant Singapore is designed to assist small and medium enterprises (SMEs) with funding for eligible costs incurred during overseas business development, helping you overcome financial barriers and maximize growth opportunities.
The Market Readiness Assistance (MRA) Grant Singapore stands as a testament to the nation’s commitment to nurturing its enterprises into global contenders. Tailored to cater to the unique challenges of international expansion, the MRA Grant offers a comprehensive package of support, encompassing financial aid, strategic guidance, and valuable market insights.
Through this initiative, eligible businesses gain the means to conduct feasibility studies, attend international trade fairs, and forge crucial partnerships, all of which are instrumental in propelling their products and services onto the international stage. By alleviating the financial barriers associated with market entry, MRA empowers Singaporean companies to venture into new territories, diversify revenue streams, and establish a formidable presence in the global marketplace, ultimately contributing to the nation’s economic vibrancy and prominence on a global scale.
The grant is up to 50% of eligible costs incurred for overseas business development (capped at $50,000)
-
IN-MARKET BUSINESS
DEVELOPMENT
outsource DB Service for up to
12 months -
OVERSEAS MARKETING
PRESENCE
salary of 1 permanent BD staff
stationed at OPM & rental of
OPM
-
BUSINESS MATCHING
third-party costs incurred to
identify potential partners
and /or customers (B2B) incuding
the following:- Licenses/ franchises
- Agent and distributors
- Joint venture partners
- Cross-border logistics partner
Frequently Asked Questions
Eligibility criteria for the MRA Grant include
- Business entity registered and operating in Singapore
- Company has at least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s), determined by the ultimate individual ownership
- New to target overseas market
- The company’s annual sales in the target market must not have exceeded S$100,000 in any of the preceding three years
- Company has a Group Annual Sales Turnover not exceeding S$100 million OR a Group employment size not exceeding 200 employees
The MRA Grant provides funding for eligible costs incurred during overseas business development, helping you overcome financial barriers and maximize growth opportunities.
The MRA Grant can cover various costs related to market entry, market promotion, and overseas business development, such as business matching, market assessment, marketing collateral development, and participation in overseas trade fairs.
You can apply for the MRA Grant through the official Enterprise Singapore website. Prepare the necessary documents and submit your application online.
The processing time for MRA Grant applications varies.
Yes. However, there are no pre-approved vendors for this grant (except those on EnterpriseSG’s list of FTA and Trade Compliance consultants).
The MRA Grant can cover up to 50% of eligible costs, with a maximum funding amount capped at $50,000 per company per fiscal year per new markets.
Yes, you can still apply for the MRA Grant even if you have already started your operations in Indonesia, as long as the company’s annual sales in the target market must not have exceeded S$100,000 in any of the preceding three years
Companies have the flexibility to engage their preferred consultants or service providers.
There are no pre-approved vendors for this grant (except those on EnterpriseSG’s list of FTA and Trade Compliance consultants).
All MRA claims are subject to audit, by an auditor from EnterpriseSG’s Pre-Qualified Panel.
READY TO EXPAND YOUR BUSINESS TO NEW HORIZONS? LOOK NO FURTHER! OUR MARKET SPECIALISTS ARE HERE TO HELP YOU
Want to work with the Business Consultant who doesn’t get paid until we deliver results?
We’re the company you don’t want your competitors to work with.
Because we deliver.
Every time.
- Our Singapore Office
- +65 9183 4413
- admin@bizsquare.com.sg
- 62 Ubi Road 1, Oxley Bizhub 2 #08-06, Singapore 408734
- Our Indonesia Office
- +62 812 5138188
- The Plaza Office Tower, 41st Floor Jl. MH. Thamrin Kav. 28-30 Jakarta Pusat 10350, Indonesia
