Find Out About the MRA, IVC and PIC Website Grants in Singapore

All of our clients who are eligible under the various schemes had 100% success in claiming for their websites cost, software development cost, employee training cost, ecommerce, e-procurement systems, CRMS, SEO etc. under the following relevant PIC, ICV and MRA Grants.

PIC GrantICV GrantMRA Grant

PIC GRANT

PIC is used mainly for corporate and all other websites, software development costs and employee training costs:

Have you tapped on your PIC Grant for your IT purchases or training expenditure?

Under the Productivity and Innovation Credit (PIC Grant) scheme, your business can enjoy:

The tax benefits are available from the Years of Assessment (YAs) 2011 to 2018, for investments in website development and employee training under Acquisition or Leasing of PIC IT and Automation Equipment or Employee Training Scheme respectively:

From YA 2014 to YA 2018
PIC benefits can be claimed on capital expenditure incurred on developing a website, including costs incurred for the one-time registration of a domain name for the website.

SME's can enjoy substantial tax savings in the form of cash payout or tax deduction when they invest in either the Acquisition or Leasing of PIC IT and Automation Equipment or Employee Training Scheme.

Qualifying Conditions:

  • Employ 3 local Employees with CPF Contributions
  • Active Business Operations with Sales in Singapore.

If you are unsure about your eligibility or have any questions on PIC, please feel free to contact us.

Download PIC Brochure

Take advantage of a grant today

PIC Grants Singapore

As introduced in Budget 2014, the PIC+ scheme is an enhancement of the existing PIC scheme , and will take effect from YA2015 to 2018. Under the new PIC+ scheme, qualifying SMEs can look forward to an increased expenditure cap of S$600,000 (up from S$400,000) for each of the six qualifying activities per YA. This means that SMEs that have hit the combined cap of S$1.2 million can now claim tax deductions for up S$1.8 million.

ICV GRANT

This voucher is most suitable for clients who would like to have  software that enhances productivity.

Spring ICV Grant - Innovation & Capability Voucher at a Glance

The Innovation & Capability Voucher (ICV) is a simple to apply, easy-to-use voucher valued at $5,000, to encourage SMEs to take their first step towards capability development. SMEs can use the voucher to upgrade and strengthen their core business operations through consultancy in the areas of innovation, productivity, human resources and financial management. Apart from consultancy, Spring ICV Grant also supports SMEs in the adoption and implementation of simple solutions to improve business efficiency and productivity. SMEs can use the Spring ICV Grant to implement productivity solutions under the supportable cost categories of (i) equipment & hardware, (ii) technical solutions & training, (iii) design & renovation. Each SME is entitled to a maximum of eight vouchers. Each ICV project must be completed before the submission of a new application. The duration for each project should not exceed six months.

This voucher is most suitable for clients who would like to have software that enhances productivity.
The following table highlights the areas that we specialise in:

 

 Name

Description 

Supportable Components 

1.   Point-of-Sales
(POS) System
The system automates processes in tracking of inventory and sales transactions. The system is also able to generate sales report and provides insights on the company’s customers and into the store’s best-selling products.          POS system, hardware (barcode scanner, receipt printer etc.) and related software.
 2. Mobile Ordering and Payment System The system is a total solution that ranges from order taking to payment. The mobile ordering system facilitates the ordering of products, items and inventory through the use of a mobile device, thereby resulting in increased productivity and reduction in manpower. Customer billing and payment system is an integral part of the solution.        Hardware (smart devices etc.), related software, on-boarding services and customisation, and related training.
3. Inventory Management
System
The system automates inventory management, monitors stock availability and streamlines transaction data entries. Inventory reports provide information on stock movements and their current status. Software, hardware (bar code scanner etc.), on-boarding services and customisation, related training and subscription cost (up to 2 years).
 4. E-Procurement Management System This is an all-in-one procurement system for buyers and suppliers to enable a seamless electronic execution of supply delivery, ordering, goods receipt, and invoice generation. Software system, on-boarding services and customisation, related training and subscription cost (up to 2 years).

 

Eligibility

All local SMEs can apply for Spring ICV Grant if they meet the following criteria:

  • Registered and operating in Singapore
  • Have a minimum of 30% local shareholding
  • Have group annual turnover of not more than $100 million OR group employment size of not more than 200 employees

If you are unsure about your eligibility or have any questions on Spring ICV Grant, please feel free to contact us.

All of our clients who are eligible under this scheme had 100% success in claiming for their Spring ICV Grant vouchers.

Download ICV Brochure

There are also Various Other Grants Available for SEO or Website Design

spring icv grant

MRA GRANT

This voucher is most suitable for clients who would like to use SEO for market expansion as well as increase awareness of your company brand regionally

Have you tapped on your MRA Grant to improve your website ranking on google, yahoo using SEO?

From IE Singapore:

mra grant singapore

mra grant seo

What is the financial support?

  • 70 % of the eligible cost for activities listed above, capped at S$20,000 per company per fiscal year
  • Maximum of two applications per fiscal year, starting on 1 April and ending on 31 March the following year

Who can apply?

SMEs that fulfill the following criteria:

  • Global HQ anchored in Singapore
  • Annual turnover of less than S$100 million per annum based on the most recent audited report

If you are unsure about your eligibility or have any questions on MRA, please feel free to contact us.

Download MRA Grant Brochure

An important aspect of SEO is making your website easy for both users and search engine robots to understand. Although search engines have become increasingly sophisticated, they still can't see and understand a web page the same way a human can. SEO helps the engines figure out what each page is about, and how it may be useful for users. Use ICV, MRA and PIC Grants & Enjoy Maximum Potential that the internet can bring to your business.

Use PIC ICV MRA Grants & Enjoy Maximum Potential that the internet can bring to your business.

pic website grant singapore