This is an incentive scheme to encourage individuals to invest in start-up companies and help the companies grow through their management expertise/business networks etc.
The scheme is available from 1 Mar 2010 to 31 Mar 2020. Investments made on or after 24 Feb 2015 and that are supported by SEEDS Capital under Startup SG Equity will also qualify for the scheme.
This scheme will lapse after 31 Mar 2020, i.e. investors can no longer obtain new approvals or renewal of the "angel investor" status for any period commencing after 31 Mar 2020. However, angel investors will continue to enjoy tax deduction in respect of qualifying investments made during the period of the approved status, subject to existing conditions of the scheme.