Singapore Company Incorporation with Entrepreneur Pass

Singapore Company Registration Requirements for Entrepreneur Pass

The most common type of business entity to be incorporated in Singapore is the Private Limited Company. It is a type of a company limited by shares, registered with Accounting & Corporate Regulatory Authority (ACRA) under the Singapore Companies Act. A Singapore Private Limited Company has a separate legal entity from its shareholders, and therefore is not liable for the debts and losses of the company beyond the amount of their share capital.

Setup requirements for Singapore company registration

• Minimum 1 Corporate Shareholder + 1 Resident Director + 1 Company Secretary
• Minimum initial paid-up share capital is S$1*
• Singapore Companies must have a Singapore registered office address

Additional Requirements for Entrpreneur Pass (commonly known as EntrePass)

• You can incorporate a new company upon your EntrePass approval: or
• Company must not have been registered for more than six months at the point of application;
• Applicant to own a minimum of 30% of the shareholding in the company;
• Company to have at least $50,000 paid-up-capital;

Shareholders: A minimum of at least one corporate or individual shareholder is required. A director and shareholder can be the same or different person(s). 100% local or foreign shareholding is allowed. The Singapore Companies Act allows a minimum of one and a maximum of 50 shareholders for a Singapore Private Limited Company. Details of shareholders will appear on public records.

Resident Directors: A Singapore Private Limited Company must have at least one director who must be an “ordinary” resident in Singapore, i.e. a Singapore citizen, a Singapore permanent resident or a person who holds an Employment Pass/EntrePass or a Dependant Pass with a residential address in Singapore.

There is no limitation on the number of additional local or foreign directors a Singapore Private Limited Company can appoint. The director must be at least 18 years of age, and must not be bankrupt or convicted of any criminal malpractice in the past. Information of the directors will appear on public records. Directors can also be shareholders or vice versa.

Company Secretary: The company secretary must be a natural person who is an “ordinary” resident in Singapore. The Singapore Companies Act requires each company to appoint a company secretary within six month of incorporation.

Share Capital/Paid-up Capital*: The minimum paid-up capital for the registration of a Singapore company via the EntrePass scheme is S$50,000 or its equivalent in any other currency.  The amount will have to be paid-up into a bank account upon the approval of the EntrePass application.

Registered Address: Every company registered in Singapore is required to have a registered office address. The registered address must be a physical address and cannot be a PO Box. The use of residential address is allowed for certain types of business.

Learn more about Singapore Company Registration Requirements

Singapore Entrepreneur Pass (commonly known as EntrePass) Scheme

The EntrePass is designed to facilitate the entry and stay of entrepreneurs who are ready to start a new business and be actively involved in the operation of the company in Singapore. The EntrePass, with an initial validity period of one year, will be issued upon the approval of a sound business proposal. The EntrePass also allows the immediate family members to live in Singapore while the business develops. With the EntrePass, an entrepreneur may leave and re-enter Singapore frequently with ease. It is renewable for as long as the business remains viable.

EntrePass Eligibility Requirements

EntrePass visa requirements have been changed to cater to genuine entrepreneurs intending to do business in Singapore. With these new changes, EntrePass applicants will be assessed on their economic strengths based on contributions they can make in terms of total business spending including their ability to employ local staff. EntrePass applicants will be assessed on the credibility of their proposed Business Plan, which should include the objective or nature of the business, products or services to be offered; marketing strategies, development plans and milestones, projected sales turnover, intended amount of investment and staffing plan.

The new conditions and requirements are as follows:

• The Company must not be registered for more than six months at the point of application
• Own 30%-100% of shareholding in the company
• Have relevant experience and track record in creating and managing a business successfully
• Provide S$50,000 or more in paid-up capital for the new company
• Submit a 10-page business plan detailing business goals and objectives. Renewal of EntrePass is contingent on achieving goals and objectives outlined in the business plan

Learn more about Singapore Entrepass.

Step 1 – Submit your request and provide incorporation details

Please provide us your details in the Pricing & Signup tab.

Step 2 – Make Payment and Draft Business Plan

We will commence the following services upon receiving the payment as reflected in the invoice.*

• Draft a comprehensive business plan based on the information provided and in line with the Ministry of Manpower’s (MOM) requirements.
• Send the business plan for your approval.

* We accept payment via cash, cheque, telegraphic transfer and credit card. Admin surcharges apply.

Step 3 – Apply for the EntrePass

Once you have approved the business plan, we will then file your EntrePass application along with the necessary documents to MOM.

• MOM takes approximately 60 working days to process the application and issue the Approval-In-Principle (AIP) letter when your EntrePass application is successful.
• Upon receiving the AIP notification, we will initiate the company incorporation process.

Step 4 – Incorporate Company

Upon the signing of the incorporation documents, we will proceed with the registration of your company with Accounting and Corporate Regulatory Authority of Singapore (ACRA).

• Once the company has been incorporated, we will help you open a corporate bank account to deposit the paid-up capital as stipulated in the business plan.
• Upon receiving the bank statement which indicates the deposit of the paid-up capital, we will proceed to file the paid-up capital in ACRA.

Step 5 – Issuance of EntrePass

Upon incorporation, the authorities will issue the In-Principle-Approval (IPA) letter for the EntrePass issuance and collection.

Documents Checklist

EntrePass Application

• EntrePass application form 8
• A well-drafted 10-page business plan (download form)
• A copy of educational certificate
• One passport-size photograph taken within the past thee months
• A copy of the passport personal particulars page
• MOUs or contracts with potential clients for the new business, if any
• Brochures, press releases, or any other business collaterals from previous or existing business ventures

Your EntrePass business visa application must be sponsored by a Singapore-registered company (we will sponsor your application when you engage our service)

Documents Required for Company Registration

For the purpose of company registration in Singapore, the following details and documents are required:

1. Company Name
2. Brief Description of Business Activities
3. Shareholders Particulars*
4. Directors Particulars*
5. Registered Address

* For non-residents: Copy of passport, overseas residential address proof, and Know-Your-Client (KYC) information such as a bank reference letter.

* For Singapore residents: Copy of Singapore identity card.

* If the shareholder is a corporate entity: Copy of registration documents such as Certificate of Incorporation and Memorandum & Articles of Association.

Dependants Pass ( DP )

If you intend to apply for passes for your dependant(s), we will require the following documents:

• Copy of Passport
• Copy of Marriage Certificate (Spouse)
• Copy of Birth Certificate (Child)
• Copy of highest education certificate (for spouse and/or child)
• If child is legally adopted, copy of the child’s official adoption documents
• Copy of custodial letter of the child (If the child is step-child)