Will this be your first time applying a productivity solution grant (PSG) for your website? If yes, you are probably excited and full of questions. Do not worry, because, in this article, we will discuss the vital details of your application.
What Makes You Eligible
You are only eligible for PGS grant for eCommerce site if your business is an SME (small to medium enterprise) and officially registered in Singapore. Also, you must own 30% of its overall ownership. Most importantly, this grant must benefit Singapore.
Never Do This Before Applying for PSG
Remember, never pay or sign any contract with a web development any in Singapore without the grant approval. If you do, expect no reimbursement from the government. The payment you made will be shouldered by your out of pocket.
Prepare the Necessary Documents
Before applying for PSG, you must prepare the following documents for your application.
Accounting and Corporate Regulatory Authority (ACRA) BizFile extracted from the latest quarter
For old business, financial statements for the last three years
For new ones, input S$0 and a blank document
A quote and fees from the website developer in Singapore
Letter of Intent why you need this grant
Things to-do When Waiting for the Approval
The turn around time may take up to six weeks
You will receive the consent via email
Must officially accept it at businessgrant.gov.sg
It is possible to change your desired web development agency in Singapore. But make sure to notify them first.
Steps to-do After Your Application
Apart from invoice and bank statement of your payment, include a letter of intent along with your contract. It is also necessary to include a picture of your website and its one month of usage.
Now that you have known these things. Rest assured that nothing will go wrong on your PSG website grant application!
If you are still looking for a web development agency in Singapore, check out Firstcom Solutions. Every website developer they have ensures you a seamless eCommerce site from your PSG grant.
Resource:
https://visual.ly/community/Infographics/business/psg-website-grant-how-prepare-your-application
