Singapore PIC Grant: Makes Your Business Independent

Web services have become a prominent business in the market in the present scenario. These services are supposed to be door to success of your business on the internet. Web designing, brochure designing, logo creation, search engine optimization (SEO) and there are many other types of services come under them. These services facilitate you to get your services.

In Singapore also, these services are getting more and more popular in the today’s scenario. A number of firms like to avail the services of the companies, which provide the web services. A number of companies are active in the nation to provide these services to the individuals. 

Besides, several new companies are also expanding their businesses today. Apart from this, a plenty of individuals or a group of individuals are trying to start their enterprises in this field. But, the financial problems really become troublesome without any second thought. Government of Singapore has come up to help such people.

In Singapore budget 2010, Singapore PIC Government Grant was introduced that was proven to be helpful for the new business persons. PIC stands for the Productivity and Innovation Credits. The benefit didn’t stop here. Some more enhancements in the scheme had been done in the Budget 2011 for providing tax benefits for investments by enterprises in a wide range of events along with the creative value chain. The tax benefits will be valid from YA 2011 to YA 2018. YA stands for the year of investment.

Singapore PIC Government Grant

The PIC grants are applicable for various technology business needs. Singapore PIC grant for website is one of the most popular. The PIC benefits are provided after a company fulfills six criteria. PIC provides funds for these activities. First, it provides the fund for leasing the PIC Automation Equipments. These equipments are helpful in the growth of an enterprise and therefore they are eligible for the PIC benefits. The installation cost can also qualify in this regard. The other one is the training of the employees. Interestingly, the companies take the credit up to 250% for the training of the employees. It is a known fact that the well-trained employees are necessary for every firm and this is one of the most prominent aspects of growth without any second thought.

 In addition to this, the acquisition of intellectual property rights is the other aspect. It means that the expenses can be claimed against the acquisition of intellectual property rights. Here also, you can claim 250% against the expenditure in the form of deduction of taxes. This benefit can be claimed against any expenses that are imparted against the registration of any intellectual rights. But, such expenses cannot be connected to the media expenses. Another thing is the registration of patents trademark, design and plant varieties.  The research and development activities also get the aid from PIC. It facilitates you to claim around 250%. The other thing is the investment in approved designed products. But, these expenses must be imparted in the Singapore itself.

PIC unquestionably has given a great opportunity to the new entrepreneurs. This opportunity may lead them to the great success. It is the opportunity that can be witnessed only in some of the nations including Singapore. Those who qualify the above mentioned criteria are provided the grant in Singapore. The best thing about applying for these grants is that they facilitate the business to become independent. You are not required to be dependent on the personal loans or the private investments. So, you are recommended to take the advantage of this great opportunity. The PIC consultants have eased the process of applying in the present scenario. These consultants have gained the experience and knowledge over the years; therefore, you can rely them without doubt. The consultants work for helping your business to get the most of these grants, once you have qualified for them. You can find the best consultant online in the recent times.