Singapore Grants for Businesses

An Overview of the Enterprise Financing Scheme (EFS) for SMEs in Singapore

Over the past few years, the business sector has taken a rather substantial knock, and all the uncertainty in these trying times has caused many businesses to suffer considerably. It is absolutely critical for businesses to have or be sourcing for funding so that they are able to invest in development strategies, build new capabilities…

How Will the Enterprise Innovation Scheme (EIS) Help Businesses in Singapore?

As a business-friendly country, Singapore is known for its variety of schemes that are easily accessible to businesses, with each sector likely to have its own unique schemes. While money is often the lifeblood of any business, why exactly do businesses need funding and schemes such as the enterprise innovation scheme (EIS)? Apart from the…

Singapore Budget 2023 – Support for Businesses

Singapore’s businesses have always received a lot of support from the government. This has been accomplished through the advancement of laws, policies, and budgets that systematically benefit businesses. While rules and policies define how companies operate, a country’s budget is what helps put those policies into action. They demonstrate the financial allocations intended for the…

Benefits of Hiring an Outsourced CFO

Outsourcing is a common practice today for many multinational companies. Outsourced employees can be found in almost all functions, from IT to payroll, accounting, and marketing. Along with outsourcing accounting and bookkeeping functions, businesses are also outsourcing their financial officers and experts so they can work with the best in the field. Working with only…

What is Progressive Wage Credit Scheme (PWCS)?

As one of the fastest growing economies in South-East Asia, Singapore understands the importance and contributions of businesses and their respective employees to the nation’s economy. Therefore, one good way to improve its citizens’ well-being and purchasing power is to ensure progressive wage increases for employers and employees. In 2013, the Wage Credit Scheme was…

Budget 2022 – Support Packages for SMEs (Part 2)

On February 18, 2022, Minister Lawrence Wong delivered his first address as Minister of Finance, announcing the much-anticipated Singapore Budget 2022. We have archived all of the significant updates, split into two parts. Don’t forget to read the first part of this article to know more about the Jobs and Business Support Packages. This part…

Budget 2022 – Support Packages for SMEs (Part 1)

On February 18, 2022, Minister Lawrence Wong delivered his first address as Minister of Finance, announcing the much-anticipated Singapore Budget 2022. Mr Wong emphasised the Singapore economy’s resurgence in his opening comments, underlining the country’s excellent comeback from one of its worst recessions since independence. Mr Wong went on to say that the economy will…

All You Need to Know About Productivity Solutions Grant (PSG)

Technology can mean a lot of things to numerous people; it could mean newly improved gadgets, provision of new facilities or appliances, and could also be a better working life with enhanced progress, which subsequently breeds productivity. To promote digitalization in Singapore, the government launched the “Productivity Solutions Grant (PSG)” that offers up to 80%…

Step-by-Step Guide on How to Claim Productivity Solutions Grant (PSG) for Xero

Upon submission and approval of the Productivity Solutions Grant (PSG) for Xero, you can proceed with the claiming of the grant. Follow the steps below for the PSG claim. For a step-by-step on How to Apply PSG for Xero, click here. We can assist you in the whole grant application process. Feel free to contact us if…

PSG for Laptop (Expired: 31 Dec 2020)

Laptop is part of the tools that SMEs need to improve their digitalization and productivity efforts. The government of Singapore has decided to assist SMEs to get laptops cheaply by offering grants to eligible SMEs.   Government Grant for laptop Laptop is one of the devices that business owners need to enhance productivity. During the…