How can foreigners set up or register a business firm in Singapore?


Most foreigners find it easy to start a business in Singapore as we have a very pro-business environment. You just need to be aware of the requirements and regulations that apply to non-Singapore residence.

First, you have to decide on the type of business you want to set up and where the control and management will be.

What do I need to do and what are my options?


Question - Do you need to reside in Singapore? Answer: If no,

Foreign entrepreneurs
who will not reside in Singapore


You can incorporate a business and own 100% of your company.

Advantages:

Singapore has a favorable tax regime which effectively means that correctly structured, managed and administered these companies can be utilized for offshore business and international business without paying tax in Singapore provided that any profits arising are not sourced in Singapore commonly known as “non resident company”.

This is good for businesses who want to ride on the Singapore branding. Rikvin can set up the Singapore Company in 3 hours. (This setup is as good as any tax free offshore jurisdiction, if structured correctly) 

Requirements: 

To incorporate your Singapore Company now,click here

Answer: If yes

Foreign entrepreneurs
who wish to reside in Singapore

 If you need to reside in Singapore to run your business, you will need to apply for an EntrePass (EntrePass is an employment pass for foreign entrepreneurs who would like to start businesses in Singapore). To apply for EntrePass, you need the following:

  • A Business plan based on the intended business.
  • Detailed resume of your past and current education and employment  history
  • 2 passport sized photographs
  • And if you are an entrepreneur, a company profile.

Most Entrepreneurs will not have a problem getting an EntrePass, although this is very dependant on the origin of your country, the type of business (and business Plan), the amount of capital investment, local job creation, your past work experience and education level.

How you present all these details will determine the outcome of the approval!

Our past experience has given us the edge in the high success rate in the approval of application of EntrePass for foreigners. We provide our clients with a total package from assisting them to write a business plan, applying for EntrePass to setting up of your Singapore Company. The whole works!

Application for EntrePass

Call us at (65) 64388887, direct Hand Phone (65) 98502083 or email us at info@rikvin.com  and let us handle all the paperwork and worries while you can devote doing the most important thing, developing your business.