Are you anticipating to reaping the numerous benefits the PSG grant offers businesses in Singapore. Fret not since applying for the PSG grant is undeniably one of the best decisions you can ever make. In a nutshell, the Productivity Solution Grant (PSG) subsidizes the costs of pre-approved digital solutions by up to 80%.
As one of the pre-approved vendors of this grant, you will get government grant for digital marketing. The PSG is aimed at supporting companies that want to scale up or improve their business processes through the adoptions of IT solutions. Below are some of the most important things you should know about the PSG grant Singapore.
Before you dive into how to apply for thePSG grant Singapore, it is in your best interest to know the eligibility criteria. To give you the tip of the iceberg, you need to have a Singapore incorporated entity (GST or company registration number). Also, you must be an active business that’s still operational with a Singapore office at the point of application.
You must also be a Singapore citizen, Singapore permanent resident, or Singapore employment/work permit holder. Finally, the company must at least have 30% local shareholding. If you meet these criteria, then it pays off to start thinking about the application process.
Now that you have insights into what the PSG grant Singapore entails and its eligibility criteria, it also pays off to better understand how it is calculated. You don’t have to stress yourself since each applying company is subjected to an annual grant of S$30,000, supported by the ESG. To calculate how much PSG grant Singapore funding you’ll receive, you simply need to take the service charge quoted and multiply it by 80%, and you’re good to go.
The PSG grant Singapore is just but among the many digital marketing incentive schemes by the government to businesses. Be sure to go out of your way and find out more about this grant before giving it a try. Use this as the ideal time to examine what you can do with the PSG grant Singapore.
Through this action, you will never be left behind when other organization are taking advantage of the PSG grant in Singapore. So, what are you waiting for before you finally get going with the application process?
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