The benefits of an E-commerce Booster Package
Any local retailer who is eligible for this program will have the upper hand in receiving benefits like financial support and other business promotions. That is one-time support of up to SGD 9,000 that can help them take their hustle online. Retailers who are participating in the Singapore E-commerce Program can also apply for extra workforce support to assist them in driving their business presence online. A qualified person will receive up to 90% of the qualifying labor cost for 3 months. However, the terms and conditions must be met.
An e-commerce program breaks the barrier to taking businesses online. The Singaporean retailers and companies have significantly benefitted from these programs. The partnerships with the leading e-commerce platforms like Amazon and Shopee have led to multiple advantages, including exposure and necessary funding to the upcoming retailers and those that are looking for a way of taking their business online.
Required document for one to apply for an e-commerce booster package in Singapore
The following information will help you complete the e-commerce booster package:
- The type of business that you are operating
- You will also have to know your unique Entity number (UEN)
- Your Singapore standard industrial classification code and whether it starts with 47.
- Your minimum local shareholding should not be less than 30%
- The number of employees in your company.
These among others will be some of the requirements that you will need when filling out the e-commerce booster package in Singapore.