What qualifies as SME in Singapore, as defined by IMDA?
This article is relevant to you if you are researching on whether your company would qualify for grants provided by IMDA Singapore for Singapore SMEs when using Gametize. If you are a SME in Singapore, please contact email@example.com for more information and recommendations.
SMEs are defined as companies having:
Minimum 30% local shareholding AND
Company Group annual sales turnover not more than S$100 million OR Company Group employment size not more than 200 workers
Please note the following definitions:
1. Group tracing includes all corporate shareholder(s) holding more than 50% of total shareholding of the company and any subsequent corporate parents and all subsidiaries of the company.
2. Annual sales turnover refers to the revenue or sales turnover stated on the company’s income statement.
3. A company should include in its employment size any persons employed under a contract of service in accordance to the Employment Act. This is regardless of the nationality of the employee.
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