Refundable Investment Credit (RIC)

Refundable Investment Credit (RIC)
Programme:Refundable Investment Credit
Awards:10%, 30% or 50% support rates on qualifying expenditures
Geographical Scope:national
Beneficiaries:public
Key Features:The Refundable Investment Credit (RIC) is a refundable tax credit offered by EDB. It is compliant with the Global Minimum Taxes regulations and can be used to offset Corporate Income Tax including Domestic Top-up Tax and Multinational Enterprise Top-up Tax.

KEY INFORMATION

  • Grant Provider: Singapore Economic Development Board (EDB)
  • Max Amount: Not specified
  • Timeline for Application: Not specified, companies must apply before project commencement and submit claims annually
  • Project Duration: Up to 10 years

SUPPORT RATE

10%, 30%, or 50% depending on project profile

 

REQUIREMENTS

Open to companies incorporated in Singapore or branches of foreign companies registered in Singapore making significant new investments

OTHER IMPORTANT INFORMATION

RICs can offset corporate taxes or be refunded in cash; subject to audit and milestone tracking; minimum investment and employment thresholds apply for each support tier

SUPPORTED PROJECTS

Projects involving new productive capacity, digital/professional services, HQs/COEs, R&D, decarbonisation, or commodity trading

Our Service Offering in Grants
Our Service Offering in Grants

At FI Group Singapore, we help businesses unlock funding for innovation through expert support. From early-stage project scoping to full application and delivery support, our team ensures your funding journey is efficient, strategic, and successful.

Our services include: 

  • Grant scouting and strategy: identifying the right funding opportunities for your project pipeline.
  • Bid writing: crafting compelling, compliant applications.
  • Grant management: supporting delivery, reporting, and compliance throughout the project lifecycle.
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Our Service Offering in Grants

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