The SkillsFuture Enterprise Credit (SFEC) programme was initiated by the Singaporean government with the goal of developing enterprises and their workforce through credits for upskilling. Under the SFEC eligible SMEs will receive a one-off credit of S$10,000 to cover up to 90% of expenses on qualifying costs.

Limited Liability Partnership (LLP) is a form of partnership where each partner’s liabilities are limited to the amount they invested into the business venture. A LLP is a separate legal entity from its owners.

A mutual fund is a type of financial vehicle that combines shareholder funds to invest in securities such as stocks, bonds, securities, and other assets.

A Micro VC fund is designed just like the traditional VC fund with a smaller fund size. Investments are more on seed stage emerging companies.

A joint venture agreement refers to the written arrangement / proposal showing the fundamental rights and obligations of the parties involved in a joint venture.

The process of raising capital to support a business venture. The act of seeking and gathering voluntary financial contributions from individuals, businesses, charitable foundations, or governmental agencies

The DRB programme provides qualifying SMEs with payouts of up to $10,000. This was initiated by the government with the aim to boost up the digital capabilities of Singapore’s food service and retail sectors.

This pass is tied to the main pass holder as it was originally designed for Singapore-based family members of an EP (employment pass), S-Pass or Entre-pass holder.

A corporate joint venture is a business combination or agreement between two or more entities to assist each other to achieve a specific goal by pooling their resources together. Upon the completion of the project, the agreement is terminated.

The main law governing how businesses in Singapore conduct themselves is the Companies Act (or “CA”). The CA was initially passed in 1967, and in recent years, in 2014 and 2017, it underwent considerable revisions.