Trade Credit Insurance Scheme (TCIS)
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.
Apply for the Scheme
More information on Trade Credit Insurance Scheme (TCIS)
Eligibility
Your company needs to fulfil the following criteria:
- Global headquarters1 anchored in Singapore
- Turnover of Applicant company and it’s subsidiaries should not exceed SGD100 million
- A minimum paid-up capital of SGD50,000
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, broad meeting being held in Singapore.
Benefits of Trade Credit Insurance
If your company qualifies, Enterprise Singapore can support up to 50 percent of the minimum insurance premium for TCI policies provided commercially by Singapore -registered credit insurers. This is subject to a maximum lifetime support of SGD100,000 per qualifying Applicant Company.