How does Budget 2025 support businesses and entrepreneurs in Singapore?
Budget 2025 introduces several pro-business initiatives to help enterprises grow, innovate, and expand globally. Key measures include:
- Corporate tax rebate of 50% (capped at $40,000) to ease business costs.
- New $1B Private Credit Growth Fund for high-growth local enterprises.
- New AI & tech adoption grants, including the $150M Enterprise Compute Initiative.
- Extended support for mergers, acquisitions, and internationalization to help businesses expand beyond Singapore.
- Global Founder Programme to attract global entrepreneurs and startups to establish in Singapore.