Step-by-Step Guide to Applying for the MRA Grant in Singapore

If you’re a Singapore-based SME looking to expand overseas, the Market Readiness Assistance (MRA) Grant is one of the most valuable support schemes you can tap into. Offered by Enterprise Singapore, this grant can significantly lower the cost of internationalisation and help your business grow beyond borders.

In this detailed guide, we’ll walk you through the entire process of applying for the MRA Grant, from eligibility criteria to claim submission. Whether you’re just starting or already planning your first overseas venture, this step-by-step guide will ensure you’re on the right track.

What is the MRA Grant?

The MRA Grant is designed to assist Singapore SMEs in taking their first steps into new overseas markets. It supports up to 70% of eligible costs, capped at S$100,000 per new market. These costs fall under three categories:

1. Overseas market promotion – including trade shows, marketing campaigns, and PR activities

2. Overseas business development – including business matching and consultancy support

3. Overseas market set-up – including legal, tax, and compliance services

This grant is especially useful for companies aiming to reduce the financial risks involved in entering foreign markets.

Step 1: Check Your Eligibility

Before you apply, ensure your company meets the eligibility criteria:

• Registered and operating in Singapore

• At least 30% local shareholding

• Group annual turnover of not more than S$100 million or group employment size of not more than 200

• Not received MRA support for the same activity in the same target market

If you are unsure whether your company qualifies, you can consult a grant specialist for an initial eligibility assessment.

Step 2: Identify a New Market and Plan Activities

The MRA Grant supports activities in markets where your company has not previously received support. So, first, choose a new market for your expansion plans. Some examples include:

• Expanding into Malaysia or Indonesia

• Entering a niche market like the UAE or Australia

• Tapping into digital channels in markets like the US or UK

Next, plan what you intend to do in this market. Your activities should align with one or more of the following categories:

A. Overseas Market Promotion

• Digital advertising campaigns

• Participation in international trade fairs or business missions

B. Overseas Business Development

• Hiring a business consultant to conduct partner matching

• Setting up meetings with potential clients or distributors

C. Overseas Market Set-Up

• Engaging lawyers or accountants for overseas incorporation

• IP registration or product certification in the target country

Step 3: Obtain Quotes from Third-Party Vendors

You must engage third-party vendors to carry out the work. The vendors must be:

• External (i.e., not related to your company or its directors/shareholders)

• Quoted reasonably with clear deliverables

• Providing you with a valid quotation on their letterhead

You’ll need to submit at least one quote, but you can include up to two for comparison.

Step 4: Prepare and Submit Your Application

You’ll need to apply through the Business Grants Portal (BGP): https://www.businessgrants.gov.sg

Here’s what to prepare:

• Company ACRA Bizfile (within last 6 months)

• Audited financial statements

• Vendor quotations

• Project proposal detailing objectives, deliverables, and market potential

• Cost breakdown aligned with the categories of support

Once you’ve submitted your application on the portal, Enterprise Singapore will review your documents and project plan.

Timeline:

Approval typically takes 6 to 8 weeks, depending on the complexity of the application and completeness of documents.

Step 5: Receive Letter of Offer

If your application is approved, you’ll receive a Letter of Offer (LOF) from Enterprise Singapore, outlining the approved funding amount and terms.

Carefully review the LOF and accept it online via BGP. Only after this can your project officially commence.

Important:
Do not start any paid activity before you receive and accept the LOF. Pre-approved vendors can only start work after the LOF date. Activities that begin before approval will not be reimbursed.

Step 6: Execute the Project

Now it’s time to bring your overseas expansion plan to life. During project execution, you must:

• Keep records of all invoices, receipts, and contracts

• Maintain clear communication and updates with vendors

• Ensure you meet project timelines and deliverables

Consider assigning a dedicated staff member to oversee the implementation and documentation process for smooth follow-up later.

Step 7: Submit Your Claim

Once the project has concluded, you can submit a claim via the BGP portal. The claim submission must include:

• Final invoices and receipts

• Proof of payment (bank statements, GIRO transfers)

• Final report of project outcomes (e.g., number of leads, partnerships formed, media coverage)

• Any supporting documents (e.g., photos of trade show booth, copies of advertisements)

Your claim should ideally be submitted within 3 months of project completion.

Enterprise Singapore will review your claim and, if approved, will disburse the funding directly to your bank account.

Common Mistakes to Avoid

Here are some frequent issues that result in delayed or rejected applications:

• Engaging vendors before approval – always wait for the Letter of Offer.

• Missing documents – incomplete submissions delay processing.

• Non-compliant vendors – ensure vendors are third-party and not related to your business.

• Weak project proposals – vague or generic plans are likely to be rejected.

• Poor record-keeping – all claims must be backed by official receipts and contracts.

How Long Does the Entire Process Take?

Here’s a general timeline to expect:

• Preparation and application submission: 2 to 4 weeks

• Approval period: 6 to 8 weeks

• Project execution: up to 12 months

• Claim processing: 2 to 3 months

The overall process may take 6 to 12 months, depending on the complexity and your efficiency in preparing documents.

Need Help with Your MRA Grant Application?

While the MRA Grant is a fantastic tool, navigating the paperwork, documentation, and portal requirements can be time-consuming and confusing — especially if it’s your first time applying.

To streamline your application and maximize your funding potential, consider working with a professional grant consultant.

👉 Visit GrantConsultant.sg for expert help with your MRA Grant application. Their team of professionals will walk you through eligibility checks, application submission, vendor matching, and claims — ensuring a smooth and successful process.

Final Thoughts

The Market Readiness Assistance Grant is a powerful launchpad for Singapore SMEs aiming to grow globally. With the right planning, qualified vendors, and proper documentation, your business can unlock up to S$100,000 in government support to go international.

Use this step-by-step guide to make your journey smoother — and don’t hesitate to reach out for help when needed.

Your global expansion journey starts here. Make it count with the MRA Grant.