Trade Credit Insurance Scheme (TCIS)
About the Scheme
Trade Credit Insurance (TCI) is an insurance protection that your company can purchase to protect itself against non-payment by your buyers, allowing you to acquire new customers with greater confidence.
The Trade Credit Insurance Scheme (TCIS) defrays the cost of insurance for companies by supporting part of the minimum premium payable.
If your company qualifies, Enterprise Singapore can support up to 50% of the minimum insurance premium for TCI policies provided commercially by Singapore-registered credit insurers. This is subject to a maximum lifetime support of S$100,000 per qualifying Applicant Company.
Your company needs to fulfil the following criteria:
- Global headquarters1 anchored in Singapore
- Turnover of Applicant Company and its subsidiaries should not exceed S$100 million
- A minimum paid-up capital of S$50,000
For More Info
230 Victoria Street #10-00
Bugis Junction Office Tower
1 Fusionopolis Walk
#01-02 South Tower, Solaris,
Email : email@example.com
Hotline : (65) 6898 1800
1 Global headquarters refer to global management control and decision making functions are based in Singapore. Indicators include global C-suite executives being based in Singapore; board meetings being held in Singapore, etc.
* Support under TCIS will be up to the qualifying Applicant Company’s portion of minimum premium for the TCI Policy.