Government Grant & Subsidy Advisory

There are many government assisted schemes offered to Singapore SME (Small and Medium) companies to encourage companies to grow and expand in various aspects of developments.

What qualifies a company an SME?

  1. Company must be at least 30% local shareholding; And
  2. Company’s group employment size does not exceed more than 200 workers; Or
  3. Company’s group annual sales turnover not more than S$100 million

These are some useful Grants offered by respective Government Agencies:

Innovation & Capability Voucher (ICV)
The Innovation & Capability Voucher (ICV) is a simple to apply, easy-to-use voucher valued at S5,000, to encourage SMEs to take their first step towards capability development.

Productivity & Innovation Credit (PIC)
Enjoy 400% tax deductions/allowances and/or 60% cash payout for investment in innovation and productivity improvements under the Productivity and Innovation Credit (PIC) scheme.

Capability Development Grant (CDG)
The Capability Development Grant (CDG) is a financial assistance program aimed  at helping Small and Medium Enterprises (SMEs) defray up to 70% qualifying project costs.

Get up to 70% subsidy on Accounting Software Solutions

Age Management Grant
One-off grant to help employers learn about and implement age management practices such as good re-employment practices, performance management and job redesign.

Contact our advisory to get more information or Call Us at +65 6235 0203!

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