Guide to PSG Application
This guide helps Singapore businesses understand the PSG process, from eligibility verification to successful implementation.
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Essential PSG insights for Singapore businesses
Navigating the PSG application process requires understanding specific requirements and following the correct procedures. Our guide provides comprehensive support through each stage:
Eligibility requirements
Singapore-registered businesses can access PSG funding to support their digital transformation journey.
Key eligibility criteria include:
- Registration and operation in Singapore
- Annual sales under S$100M OR fewer than 200 employees
- Solution must be used within Singapore
- No payment to vendor before PSG approval
Did you know? Starting 1 April 2025, the 30% local shareholding requirement for PSG eligibility will be removed, making funding accessible to many more Singapore-based companies.
Application process overview
The PSG application involves a structured sequence:
- Verify your eligibility criteria
- Select a pre-approved vendor like brioHR
- Obtain a properly formatted quotation
- Prepare all required documentation
- Submit through the Business Grants Portal
- Manage the approval process (typically 4-6 weeks)
Documentation requirements
Documentation issues cause the majority of application delays and rejections. Key documents include your ACRA BizFile with correct SSIC code, financial statements, and PSG-compliant quotation.
Implementation planning
A successful implementation requires proper planning, including resource allocation, data preparation, and team training.
What's changing with PSG eligibility requirements?
From April 1, 2025, the 30% local shareholding requirement for PSG eligibility will be removed. This makes PSG funding accessible to more Singapore-based companies while other criteria remain unchanged. Companies still need to be registered in Singapore, have annual sales under S$100 million OR fewer than 200 employees, and use the solution in Singapore.
How long does the PSG application process take?
The PSG approval process typically takes 4-6 weeks. After receiving and accepting your Letter of Offer, you'll implement the solution and use it for at least 30 days before claiming reimbursement. Plan for approximately 3-4 months from application to funding disbursement.
What common mistakes should I avoid when applying for the PSG?
Key mistakes include paying vendors before PSG approval (which disqualifies your application), using company names that don't match ACRA records, submitting incomplete documentation, providing incorrect SSIC codes, and missing submission deadlines. Our guide helps you avoid these pitfalls.
Why download the Singapore business guide to PSG application?
While many resources explain what the PSG is, our guide focuses on practical implementation:
Avoid common pitfalls - Learn about the most frequent application mistakes and how to avoid them
Maximize your funding - Understand what costs qualify for PSG support
Streamline implementation - Follow our proven roadmap for successful deployment
Accelerate approval - Use our document preparation guidelines to speed up the process
Plan for success - Leverage our data preparation best practices
About brioHR
brioHR is an IMDA pre-approved vendor for the Productivity Solutions Grant (PSG). We've helped numerous Singapore businesses successfully navigate the PSG application process and implement HR solutions that transform their operations. Our team of experts is committed to providing both powerful technology solutions and exceptional implementation support.
Information in this guide is updated as of March 2025. While we strive for accuracy, grant details may change. Please verify current PSG terms with GoBusiness Singapore.