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Enterprise Singapore
Political Risk Insurance Scheme
Instrument Description
Enterprise Singapore is a statutory board under the Ministry of Trade and Industry. The Political Risk Insurance Scheme (PRIS) is available for Singapore-based companies to cover a range of political risks that may occur during overseas projects and investments. Covered risks include:
- “Expropriation
- Currency inconvertibility and transfer restrictions
- Political violence
- Breach of contract by host government
- Non-honouring of sovereign financial obligations”
Eligible Projects and Transactions
PRIS applies for overseas projects or investments by Singapore-based companies. Criteria:
- “Global headquarter anchored in Singapore
- At least three strategic business functions in Singapore
- An annual turnover not exceeding SGD 500 million
- An annual total business spending of at least SGD 250,000 in Singapore for each of the past three years
- A minimum paid-up capital of SGD 50,000 per qualifying Singapore-based company”
Eligible Regions
Enterprise Singapore offers its services based on a case-by-case decision.
Key Features
- Size of coverage: 50 per cent of the premium for up to the first three years of each Political Risk Insurance policy. This is subject a maximum amount of SGD 500,000 per qualifying Singapore-based company.
Eligible Countries
-
Afghanistan -
Albania -
Algeria -
American Samoa -
Andorra -
Angola -
Anguilla -
Antigua & Barbuda -
Argentina -
Armenia -
Aruba -
Australia -
Austria -
Azerbaijan -
Bahamas, The -
Bahrain -
Bangladesh -
Barbados -
Belarus -
Belgium -
Belize -
Benin -
Bermuda -
Bhutan -
Bolivia -
Bosnia & Herzegovina -
Botswana -
Brazil -
British Virgin Is. -
Brunei -
Bulgaria -
Burkina Faso -
Burundi -
Cambodia -
Cameroon -
Canada -
Cape Verde -
Cayman Islands -
Central African Rep. -
Chad -
Chile -
China -
Colombia -
Comoros -
Congo, Dem. Rep. -
Congo, Repub. of the -
Cook Islands -
Costa Rica -
Cote d'Ivoire -
Croatia -
Cuba -
Cyprus -
Czech Republic -
Denmark -
Djibouti -
Dominica -
Dominican Republic -
Ecuador -
Egypt -
El Salvador -
Equatorial Guinea -
Eritrea -
Estonia -
Ethiopia -
Faroe Islands -
Fiji -
Finland -
France -
French Guiana -
French Polynesia -
Gabon -
Gambia, The -
Gaza Strip -
Georgia -
Germany -
Ghana -
Gibraltar -
Greece -
Greenland -
Grenada -
Guadeloupe -
Guam -
Guatemala -
Guernsey -
Guinea -
Guinea-Bissau -
Guyana -
Haiti -
Honduras -
Hong Kong -
Hungary -
Iceland -
India -
Indonesia -
Iran -
Iraq -
Ireland -
Isle of Man -
Israel -
Italy -
Jamaica -
Japan -
Jersey -
Jordan -
Kazakhstan -
Kenya -
Kiribati -
Korea, North -
Korea, South -
Kosovo -
Kuwait -
Kyrgyzstan -
Laos -
Latvia -
Lebanon -
Lesotho -
Liberia -
Libya -
Liechtenstein -
Lithuania -
Luxembourg -
Macau -
Macedonia -
Madagascar -
Malawi -
Malaysia -
Maldives -
Mali -
Malta -
Marshall Islands -
Martinique -
Mauritania -
Mauritius -
Mayotte -
Mexico -
Micronesia, Fed. St. -
Moldova -
Monaco -
Mongolia -
Montenegro -
Montserrat -
Morocco -
Mozambique -
Myanmar -
N. Mariana Islands -
Namibia -
Nauru -
Nepal -
Netherlands -
Netherlands Antilles -
New Caledonia -
New Zealand -
Nicaragua -
Niger -
Nigeria -
Norway -
Oman -
Pakistan -
Palau -
Panama -
Papua New Guinea -
Paraguay -
Peru -
Philippines -
Poland -
Portugal -
Puerto Rico -
Qatar -
Reunion -
Romania -
Russia -
Rwanda -
Saint Helena -
Saint Kitts & Nevis -
Saint Lucia -
Saint Vincent and the Grenadines -
Samoa -
San Marino -
Sao Tome & Principe -
Saudi Arabia -
Senegal -
Serbia -
Seychelles -
Sierra Leone -
Slovakia -
Slovenia -
Solomon Islands -
Somalia -
South Africa -
South Sudan -
Spain -
Sri Lanka -
St Pierre & Miquelon -
Sudan -
Suriname -
Swaziland -
Sweden -
Switzerland -
Syria -
Taiwan -
Tajikistan -
Tanzania -
Thailand -
Timor Leste -
Togo -
Tonga -
Trinidad & Tobago -
Tunisia -
Turkey -
Turkmenistan -
Turks & Caicos Is -
Tuvalu -
Uganda -
Ukraine -
United Arab Emirates -
United Kingdom -
United States -
Uruguay -
Uzbekistan -
Vanuatu -
Venezuela -
Vietnam -
Virgin Islands -
Wallis and Futuna -
West Bank
-
Western Sahara -
Yemen -
Zambia -
Zimbabwe