Tips for Working with a PSG Grant Vendor

[Emma Swan]

After giving it some thought, you’re finally ready to reap the numerous benefits the PSG grant offers businesses in Singapore. Either way, there is no need to panic as applying for the PSG grant is undeniably one of the best decisions you can ever make. To give you a tip of the iceberg, the Productivity Solution Grant (PSG) subsidizes the costs of pre-approved digital solutions by up to 80%.

 

Either way, it pays off to work with a PSG grant vendor to ensure everything turns out how you expect. Keep in mind the PSG grant is aimed at supporting companies that want to scale up or improve their business processes through the adoptions of IT solutions. Here are some of the things to know before checking out the list of approved vendor for PSG grant.

 

Before you contact a pre-approved vendor for PSG, it is in your best interest to know what are the eligibility criteria. In a nutshell, you need to have a Singapore incorporated entity (GST or company registration number). Furthermore, you must be an active business that is still operational with a Singapore office at the point of application.

 

Things don’t stop at that since you ought to 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 the aforementioned criteria, there is nothing wrong with looking for a pre-approved vendor PSG to count on.

 

You might not know this but each applying company of the PSG grant is subjected to an annual grant of S$30,000, supported by the ESG. To calculate how much Singapore grant funding you’ll receive, you need to take the service charge quoted and multiply it by 80%. The good news is PSG pre-approved vendor application won’t eat into your precious time, especially when counting on professionals.

 

The PSG grant is just but among the many digital marketing incentive schemes by Singapore government to businesses.  It is highly recommended that you 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 the list of PSG Digital Marketing vendors in Singapore you can count on at all times.