EPOS provides Digital Solutions that are eligible for several business grants.
Productivity Solutions Grant
A grant introduced by the IMDA, which encourages businesses to invest in digital solutions offering up to 50% in subsidies of the total costs of the solutions.
An assistance scheme where eligible employers will receive a one-off S$10,000 credit to cover up to 90% of the out-of-pocket expenses on qualifying costs.
EPOS is Singapore’s largest Point of Sales (POS) vendor. Established in 2009, we have served over 5,000 satisfied customers. EPOS is a pre-approved solution for the Singapore grants mentioned above.
Businesses that wish to apply for the Productivity Solution Grant have to have at least 30% of the business’ ordinary shares held by Singaporeans or Permanent Residents.
A company can apply for PSG for every new technology solution. For example, if a company applies for the grant and receives a 50% subsidy for the EPOS POS machine, they can still apply for the grant with a different technological solution.
Companies can only apply for PSG for the same solution more than once if it is for a different outlet under the business. This means that a company can receive 80% subsidy on two or more EPOS machines as long as they are for different outlets.
There is a grant cap of S$ 30,000 per business, this cap resets on the 31st of March every year. This means that applicants that have hit their $ 30,000 budget will only be able to qualify for PSG again after 31st March.
*Certain equipment and IT solutions might be subjected to further cost caps.
IMDA has pre-scoped both vendor and solution in order to simplify the application process. Being a PSG pre-approved vendor allows applicant to apply for the SME grants with confidence as it removes the uncertainty on whether the tech solution is eligible for the grant.
Eligible employers for SkillsFuture Enterprise Credit (SFEC) will receive a one-off $10,000 credit to cover up to 90% of the out-of-pocket expenses on qualifying costs
Eligibility Criteria
Skills DEVELOPMENT levy
Contributed at least S$750 for the Skills Development Levy over a given period
Employees
Have employed at least three Singapore Citizens (SCs) or Permanent Residents (PRs) every month over the same period.
Skills Development Levy (SDL) is a mandatory contribution by employers. SDL is to encourage employers to upgrade their employees’ skills. SDL collections are channelled into the Skills Development Fund (SDF), which supports a wide variety of skills upgrading programmes and activities. The SDL and SDF are administered by SkillsFuture Singapore (SSG).