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| Awarded S.O.E by President of Singapore. BizSec, Singapore's friendliest professional consultants!
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| Corporate Blog : 16th July 07
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Edited by VVL
SME Rebate Scheme, Up to 5K Govt Grant
The SME Rebate Scheme is a 2-year assistance scheme to help locally registered SMEs adjust to rising business costs due to the increase in employer CPF contribution rate.
Who is Eligible for the SME Rebate Scheme?
The rebates will be granted to locally registered businesses that have:
- Fixed Asset Investment (FAI) of less than S$15 million;
- Not more than 200 employees (for non-manufacturing firms).
What is the Quantity of Rebates Granted to a Firm?
The rebates are pegged to the total employer and employee CPF contributions paid by the firm over 2 years (1 July 2007 to 30 June 2009).
1st Year (1 July 2007 to 30 June 2008)
Total CPF Paid in 1st year : Quanta of rebate
First $40,000 = 2% of CPF paid (up to maximum of S$800)
Next $40,000 = 1% of CPF paid (up to the maximum of S$400)
2nd Year (1 July 2008 to 30 June 2009)
Total CPF Paid in 2nd year : Quanta of rebate
First $40,000 = 1% of CPF paid (up to maximum of S$400)
Next $40,000 = 0.5% of CPF paid (up to the maximum of S$200)
How to Apply?
To qualify for the rebates in both the 1st and 2nd years, an eligible firm can submit a one-time application at http://www/smerebate.gov.sg from 1 July 2007 to 31 July 2008.
Need More Information?
Visit the SME Rebate Scheme website at http://www.smerebate.gov.sg. For further enquiries, please email smerebate@cpf.gov.sg or call 1800-2222-888.
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| :. About BizSec .:
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BizSec, another business of Gateway 21 Pte Ltd.
BizSec is a reputable Singapore business owned entirely by Gateway 21 Pte Ltd, Singapore Company Registration No. 199907299M. BizSec was setup in 2004, specifically to provide quality professional services to entrepreneurs, startups, new and existing businesses.
BizSec, Gateway 21 and all our other associated companies are helmed by Miss Valerie Lim, a multi-award winning Chartered Corporate Secretary with more than 20 years of experience in corporate secretarial, accounting and professional services industry.
Notably, amongst numerous other awards, Miss Valerie Lim was honoured and awarded the Spirit Of Enterprise (SOE) in 2005, by Mr. SR Nathan; President of Singapore.
Miss Valerie Lim sits on the boards of more than 600 other Singapore companies from SMEs to high profile MNCs. Her professional services are highly sought after by corporations with intention to start business here, or those which seek corporate consulting services. Miss Valerie Lim is renowned for her high professional standards which are extended throughout BizSec, Gateway 21 and all associated companies.
BizSec is a One Stop professional business services firm. For years and on a daily basis, we serve Singaporeans, as well as foreigners who intend to start or extend their businesses to Singapore or any country in the region.
One may say that BizSec is the door to a good start for your business. From pre-incorporation, till setup and operations of your business, BizSec is right here by your side; dispensing the quality advice you need, providing you the relevant services that will help you greatly.
At BizSec, our professional consultants assist you in the right directions, and for really affordable fees. We're well known as "great value for money", and yet maintain genuine professional quality in every service we provide to you.
We're one of the most friendliest professional consultants in Singapore. You are most welcome to call, email or chat with our consultants for information.
At BizSec, we're professionally yours!
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