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The Internationalisation Finance Scheme (IF Scheme), administered by IE Singapore is designed to support Singapore-based companies in their overseas expansion.

The loans that are offered under the IF Scheme can be used to acquire fixed assets for use overseas, and to overseas fund projects and sales orders

Overview

Type of credit facilities available under IF Scheme:

  • Asset-based financing for the acquisition of revenue generating fixed assets for use overseas or to purchase factories/land overdseas
  • Structured Loan to fund working capital expenses for secured overseas projects
  • Banker’s guarantee for secured overseas projects, which can take the form of advance payment guarantee, performance guarantee or tender bond guarantee.
Types of Loan Maximum Loan Period Maximum quantum of financing 3
     
(A) Asset Based Financing    
- Factories/Buildings/Land 15 years 90% 1
- Other fixed assets 6 years  
     
(B) Structured Loan 3 years 90% 2

Notes:
(1) Based on valuation or purchase price whichever is lower.
(2) Based on value of the sales order or contract amount or project value.
(3) The quantum of financing shall be pro-rated in proportion to the percentage of the Singapore-based company's shareholding in the overseas operations, unless the asset financed is for the Singapore-based company's equity injection purposes.

Eligibility

  • Singapore-based company that is registered with ACRA with at least three strategic business functions in Singapore .
  • Group turnover not exceeding S$300 million (S$500 million for trading companies) for non-listed companies. For listed companies, turnover not exceeding S$300 million (S$300 million for trading companies)
  • Overseas business must complement the Singapore company's core operations and result in economic spin-offs to Singapore

Loan Limit

  • The financing shall be denominated in Singapore dollars and the maximum loan extended to the company on a group basis shall not exceed S$50 million.*

* Includes the company's directly owned subsidiaries and associated companies.

To find out more about the IF Scheme, please contact us at 6226 3822 or visit IE Singapore's website at www.iesingapore.gov.sg

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