If you are a foreign entrepreneur or business professional who wants to incorporate a Singapore company, you have come to the right place. You have the option of setting up a company and relocate to Singapore or run your company operations without having to relocate to Singapore.
Company Setup and Relocation to Singapore
If you wish to incorporate a company and relocate to Singapore to manage your company operations, you will need to accomplish two main tasks: incorporate a Singapore company and obtain a work pass visa. There are two work pass options for you to choose from.To learn more which work pass is best suited for you see Comparison of Entrepass versus Employment Pass
Option 1 with Employment Pass
Choose Option 1 if you are a Foreign Entrepreneurs, Professionals, Managing Directors and Shareholders who possess an acceptable diploma/degree, professional qualifications or specialist skills. Oftentimes, relevant work experience also plays a significant role in determining your eligibility. Employment Pass is the preferred choice for most foreigners who want to set up a company in Singapore.
Comprehensive guide to Company registration with Employment Pass | Our Fees
Option 2 with EntrePass
Choose Option 2 if you are a Foreign Entrepreneur who lacks the appropriate educational qualification or does not qualify under the Employment Pass scheme, but has proven track records of successful entrepreneurial experience. The application process for Entrepass is more complex than that of Employment Pass. In addition, it requires a minimum paid-up capital of S$50,000.
Comprehensive guide to Company registration with EntrePass | Our Fees
Company Setup without Relocation to Singapore
Option 3: Nominee Director Service
Choose Option 3 if you are a foreigner who plans to operate a company in Singapore without having to relocate. Singapore allows the set up of your company in Singapore provided you appoint a Singapore resident director when incorporating the company. If you cannot find a trusted contact to act as the Singapore resident director, you can engage our Nominee Director Service at Rikvin.
Comprehensive guide to Company registration with Nominee Director Service | Our Fees
A few considerations:
To incorporate a company in Singapore, foreign entrepreneurs must:
- Singapore Companies Act does not allow foreign individuals or entities to self-register a company. You can engage Rikvin, Singapore’s leading incorporation specialist, to set up your company.
- Appoint a Singapore resident to be the director of the company. A Singapore resident can be a Singapore citizen, permanent resident or holder of an EP or EntrePass. In the event that you are unable to appoint a Singapore resident director,Rikvin can provide you with one through our Nominee Director service. The service can be temporary or long term depending on your needs.
- Provide a Singapore address as the registered address for the company. Alternatively, you can also engage a Registered Address service through Rikvin.