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Can We Claim PIC For Revamping Of Existing Mobile Application?

Mobile application can help you grow your own business quickly. It is recommended that you use this app for getting a lot of potential customers in Singapore today. However, creating a good application needs a lot of money or investment. It is necessary for you to collect some money for creating or modifying your current mobile application easily. You can use PIC (Productivity and Innovation) grant for supporting your mobile app development process. There are some useful tips that you need to follow, so you are able to claim for this PIC grant for improving your existing mobile application.

1. Meet the minimum expenditure

When you want to get this PIC grant, you need to meet the minimum expenditure for getting bonus. You should understand that your business should have at least $5,000 PIC qualifying expenditure in the year of assessment. When you meet this requirement, you are able to get the PIC bonus for supporting your mobile app development. However, the overall expenditure in your business should not exceed the maximum expenditure that is about $600,000 per year. This is the main requirement that you need to know, so you can apply for this PIC grant immediately.

Revamping mobile application

2. Have at least 3 local employees

This is another important thing that you need to know about this PIC grant. In order to get this grant, you should have at least 3 local employees in your business. This regulation is specially created to protect all local employees from any foreign workers. You need to hire professional and qualified local employees before you can apply for this PIC grant. These employees should not be among the director boards who run the business. You still need to hire some additional local employees for supporting your business.

3. Should have active business in Singapore


If you want to claim for the PIC grant, you need to meet this requirement. This is another important detail that you should understand, so you can pass through the application easily. Your business should be active in Singapore. If you want to accelerate the application process, you can register your business in this country. Registered Singaporean business can apply for PIC grant easily. Your business should be active in Singapore, in order to be eligible for this PIC grant. It is not difficult to maintain your activity in this country. Once your business is active in Singapore, you can start applying for this PIC grant.

4. Submit all documents

Once you are ready with the application, you can submit all documents to the IRAS (Inland Revenue Authority of Singapore). This organization is going to check your application and documents before you can get your PIC grant. You can send all documents via mail to the IRAS office. Don't forget to start your application on the Internet, so this organization can start reviewing your application immediately. Make sure that you download the checklist that is provided by this body, so you will never have to miss any required documents. It is not difficult to submit all required documents to the IRAS before you can start your PIC application.

Mobile app development

5. Hire a consultant


If you want to accelerate the PIC grant application, you can hire a professional consultant. Some mobile application developers can also provide consultation service before you revamp your current mobile application. It is important to choose the best consultants who have a lot of experience and skills in this area. You can contact them, in order to learn more about the PIC application process. When you discuss with these consultants, you are able to find out some requirements and important details about this application. Professional consultants are ready to help you improve your chance of getting your application approved.

They are some useful tips that you can follow, so you can get PIC grant for revamping your current mobile application. It is recommended that you modify your current application regularly, in order to get all benefits from this app. You can contact the best mobile application developer in Singapore today. Mobile Application Singapore is one of the best app developers in this country. There are many good services and benefits that are provided by this company. You can also ask anything related with the PIC grant from Singapore's government with this company.
 
 
 

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