Productivity and Innovation Credit (PIC) Grant


Productivity is in managing priorities, not time

At Verz, we give you the option to manage priorities so that you can focus on your business while we help to manage the behind-the-scenes.

As an industry leader in web design and development with over 1000 active clients, Verz Design has an established track record in delivering IT productivity and innovation to businesses of any scale. Being an ISO 9001:2008 certified company, Verz Design meets universal standards in efficient management processes and stellar customer service.

What is PIC Grant?

Enjoy 400% tax deductions or allowances and/or a 40% cash payout on investments in productivity and innovation! PIC Grant is a government credit scheme by the Inland Revenue Authority of Singapore (IRAS) aimed at encouraging productivity and innovation activities in Singapore.

The grant is applicable to expenditure made in any of the six qualifying activities:

  • Acquisition and Leasing of PIC IT and Automation Equipment
  • Training of Employees
  • Acquisition and Licensing of Intellectual Property Rights
  • Registration of Patents, Trademarks, Designs and Plant Varieties
  • Research and Development
  • Design Projects
We can undertake projects along the following areas eligible for PIC:

Web Development

Web Design on Content Management System

eCommerce System

Customized Web App Development

IT solutions including but not limited to: Inventory Management, CRM, Customer Registration, Ordering and Reservations.

Mobile App Development
If the following describes your business, you are eligible for PIC Grant!
Active Business operations in Singapore
At least 3 Singaporean employees with CPF contributions.
Investment falls under any of the 6 qualifying activities.

All businesses, including sole proprietorships, partnerships, companies, registered branches and subsidiaries of a foreign parent or holding company, are eligible to claim PIC.

What our clients are saying
  • “The sales person Yichen really did value-added service for me. Because I have zero knowledge in IT, it is difficult and new for me during the website project, like how to set up email, how to set up office 365, all those basic IT knowledge. So I ask Yichen for help. He even came down my office to teach me in person. For me, and I believe many customers the same as me, we select the sales person more than selecting a company, as the salesperson is the most powerful name card for the company. I chose Verz among your competitor, because the salesperson Yichen gave me and my partner Kelvin the trust by his service and knowledge. Thank you!”

    Sophia Wang
    NewLife Confinement Nanny Agency Pte Ltd
  • “Mark’s readiness and patience has made the entire copy-writing process a breeze to handle. He works hard to help put my visions and ideas into well-structured words and paragraphs. He understands my requirements and gives nothing less than his best.”

    Joey Chan
    Straitswalk Office Furnishing
  • “Glenn did well as a Project Manager, on the ball and manage to capture the ideas I want. Will work with him on future projects. Overall, had a good experience.”

    Junxiang Ng
    Kian Hua Motors Pte Ltd
  • “I would like to express my satisfaction and great appreciation to Eric on the corporate website project with Zicom Pte Ltd. Eric showed his professionalism, initiative, responsibility and great customer service throughout the project. He also can understand customer’s requirement very well and handle the request promptly.”

    Alan Ng
    Zicom Pte Ltd
  • “Russell has been quick in responding to my queries and providing updates at each stage of the website development, and I am pleased with his prompt action each time”

    Megan Yeo
  • “The Verz project team has been excellent in listening to what we want and using their experience to enhance our ideas. Their prompt feedback and revision have pushed the project progressively forward and ensured the smooth delivery of this project. We have no reservations in recommending Verz Design to all that want the highest quality design services available in the market.”

    Lim Wei Chuan
    Positive Engineering Pte Ltd
  • “We have received numerous positive comments and feedback on the website that you have developed for us, from our clients, employees and business associates. We would like to express our appreciation to your team for the effort that they have put in to deliver it. We congratulate Verz Design for a job well done. We would certainly recommend Verz Design’s services to anyone who comes to us for referral in this area.”

    Don Foo
    Adventus Singapore Pte Ltd / Adventus Asia Pte Ltd
  • “The overall package from marketing side to execution desk is impeccable.”

    Kok Wan Foo
    Tang Renaissance Communicators Pte Ltd