IRAS PIC grant, how a Singapore web design company helps you get it

Posted by Brian Miller on September 22nd, 2016

PIC Grant – these are like the two magic words every small and medium e-business owner in Singapore wants to grab but only those supported by a competent Singapore web design company get it. The Inland Revenue Authority of Singapore or IRAS grants the Productivity and Innovation Credit or PIC to attract business owners to invest in commercial ventures - online or otherwise. Now, for an ecommerce startup the most important aspect would be to get a qualified web designer Singapore to have it all set up and planned. There are basically two ways in which this grant works – either you get a cash payout or you get a tax deduction depending on whether you qualify on their Six Qualifying Activities.

To be eligible a business owner need to have Six Qualifying Activities – one, incurred expenses in training his employees; two, registration of patents, trademarks, designs and plant varieties; three, designs projects approved by Design Singapore Council; four, research and development initiatives which must be in alignment with Section 2 of the income Tax Act; five, acquisition and in-licensing of intellectual property rights and finally, six, acquisition and leasing of PIC IT and automation equipment. The gain from such hard work is that you can qualify for either a forty per cent cash payout or you go for a four hundred per cent of tax deductions and allowances. Now, let’s see how a Singapore web design company helps you achieve this.

Step one: Singapore web design company designs a website
The benefits of having an online store pitted against a brick and mortar one don’t need to be emphasized at this age and time. The reach, the customer base, the visibility factor and the offers – everything is cost effective and assures of bringing more returns than usual. You could get a B2B or B2C website designed by a qualified and skilled web designer Singapore to start off with. They’ll follow the trends designing trends like customer engagement, user experience, taking the connections beyond website through social media links to give you a website that speaks to your customers and makes them feel at ease by being responsive and simple to navigate.  

Step two: techniques used by web designer Singapore to optimize your website
Creating an online store isn’t the end, it’s just a beginning of a long journey which includes creating and maintaining an effective content management system supported by accurate search engine optimization and promotion and marketing through Google AdWords advertising and Facebook. Analytics and reporting and dynamic catalogue management is also part of other services you can expect. Visibility is very important and your website will need a lot of it in the right places if it is to benefit from all this effort. This is where the role of an experienced and trusted web design company becomes so significant.

Step three: consultation for creating eligibility for PIC grant benefits
Once your website is operational and you’re in business then you can gradually start strategizing towards achieving the PIC Grant. Of course, the Singapore web design company you have trusted all along will be there to guide you through with the process.

So, there is only one magic mantra to get that much coveted PIC grant – get the right Singapore web design company to work for you. They will have a competent web designer Singapore to work with you until your purpose is fulfilled.

Take the help of a good Singapore web design company employing competent and experienced web designer Singapore to get PIC grant on your start up.