Singapore Company Incorporation with Employment Pass

Company Formation + Employment Pass Application Service

For foreigners who wish to register a business in Singapore, or if you are a foreign individual or business professional who wishes to form a company and relocate to Singapore to run that company operations, you will need to fulfil the following:

1. Incorporate the Singapore company
2. Obtain a Singapore Employment Pass work visa

Singapore Company Setup Requirements

In order to incorporate a Singapore company, you need to fulfil these minimum requirements:

• Minimum 1 shareholder
• 1 resident director
• 1 company secretary
• Minimum paid-up capital of S$1
• A local registered office address

If you are a foreign individual who wishes to incorporate a Singapore company and relocate to Singapore, the following must be fulfilled:

1. Engage Rikvin to incorporate your Singapore company and use our local resident nominee director on a temporary basis until you secure your Employment Pass
2. Apply for your Employment Pass. We facilitate the entire process of Employment Pass application service, ensuring that your transition to working and residing in Singapore is smooth and efficient.
3. Transfer the directorship upon securing your Employment Pass
4. Relocate to Singapore and start your business

Leverage our specialised knowledge in Singapore company incorporation with Employment Pass, as we expertly navigate you through the process of establishing your company while ensuring complete compliance every step of the way. All company registration including work pass application can be handled without you having to be in Singapore.

Documents Required for Incorporating Singapore Company

Singapore resident shareholder and director:

• Copy of Singapore IC
• Copy of Employment Pass/Dependant Pass

Singapore non-resident shareholder and director:

• Copy of passport; and
• Copy of residential address proof such as a recent utility bill, residential phone bill, tax bill, cable TV bill or bank statements

If a shareholder is a corporate entity:

• Copy of the certificate of registration; and
• Current extract of company particulars from Registrar of Companies; and
• Copy of the constitution of the company; and
• A board resolution approving the incorporation of the Singapore company and the proposed shareholding

Please note the following:
All official documents must be in English or officially translated in English; if you have trouble getting the non English documents translated, we can assist you to do the same for a fee.

If you are overseas, you can email or post us the photocopies of the official documents. Upon receiving the required documents and payment we will prepare the incorporation documents to be duly signed either in Singapore before us or overseas before Notary Public or at the Singapore Embassy.

Checklist for Employment Pass (EP) Application

For those seeking Singapore company incorporation with Employment Pass, initiating the process requires submitting an Employment Pass (EP) application. Below is a comprehensive checklist to guide you:

• Copy of Passport (Passport must have a validity of more than 6 months)
• Copy of highest educational certificate (including mark sheet)
• Copy of specialist / other professional certificates (if any)

Please complete the Rikvin Singapore Employment Pass application form.
Note that officially endorsed translated versions must be provided for any non-English documents.

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)

Process

Navigating the process of Singapore company incorporation with Employment Pass entails several essential steps to ensure a seamless and compliant establishment. Our comprehensive Employment Pass application service streamlines the procedure, making it hassle-free for you.

Step 1 – Submit Your Request and Provide Incorporation Details

Upon receipt of your company details, we will:

• Check your proposed company’s name availability.
• Follow up with you to clarify queries (if any) and advise accordingly.
• Send you an invoice for our services.
• Conduct compliance review of the shareholders and directors

Step 2 – Preparation of Incorporation Documents

We will commence with the preparation of incorporation documents upon receiving the payment for services as reflected in the invoice. You will then have to sign the incorporation documents either in Singapore before us or before Notary Public if you are overseas.

Step 3 – Incorporate Company and Introduction to Banks

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 introduce you to banks for the opening of your corporate account. Please note that the bank account opening is subject to bank KYC .

Step 4 – Apply for Employment Pass (EP)

Rikvin submits all Employment Pass (EP) applications electronically to the Ministry of Manpower (MOM) so that you can learn of your application outcome sooner.

• It takes MOM between 7-25 working days to process the application.
• Upon receiving the In-principle Approval notification, we will make arrangements for the collection of your EP.

Details Required for Incorporating Singapore Company

For registration of your Singapore Company, please provide us with the following information and documents so we can proceed with the next steps accordingly:

1. Company Name
2. Brief Description of Business Activities
3. Shareholders Particulars
4. Directors Particulars
5. Registered Address of the Singapore company
6. Ultimate Beneficial Owner details

Registration of Singapore Company

Our service for incorporation of a private limited Singapore Company includes:

• Name check and reservation
• Preparation of memorandum & articles of the company
• Preparation of registration forms
• Our Professional fees inclusive of government fees
• E-Certificate of incorporation
• Preparation of compliance corporate kit, including corporate seal, share certificates, register and minutes book
• Minutes of first board meeting
• Resolution to open a bank account
• Company common seal

Corporate Secretarial

Singapore Companies Act requires all Singapore Companies to appoint a Company Secretary to handle on-going Statutory Compliance Matters.
We will act as your company secretary and this service includes:

• ACRA Compliance Alert & Reminders
• Named Company Secretary registered with ACRA for 12 months
• Maintaining the statutory books, preparation of all relevant minutes for Directors’ and Shareholders’ meetings.

Provision of Nominee Director for 2 months

• Temporary Local Nominee Director Service is required until your Employment Pass is approved.
• Note: To provide this service, we also require an additional S$2,000 refundable security deposit which will be returned to you upon approval of your employment pass.

Employment Pass Filing

The Employment Pass is for professional or business man who has the relevant skill or experience and a recognised diploma/degree from a reputable university.

Our service includes the following:

• Application of Employment Pass on Line (EPOL) with the Ministry of Manpower (MOM).
• Development, compilation and submission of required documents.
• Status tracking with Ministry of Manpower.
• Follow-up with authorities for all required clarifications.

* All our employment pass filing is done on line and not manual filing. This will cut the approval process time by half.

Registered Office Address

The companies Act requires all Singapore incorporated entity to have a Singapore-based registered address.

• All Singapore Companies require a local registered address for official communication.
• Rikvin can provide a prestigious address if you don’t have one.
• If this option is terminated prematurely, any unused amount is refunded on a pro-rated basis.

Dependant Pass Application

Employment Pass or EntrePass work pass holders are eligible to apply for Dependent Pass visa for their spouse and unmarried children below 21 years age.

• Dependant Pass (DP) Application Processing
• On line filing for faster results
• Status tracking with Ministry of Manpower
• Follow Up Liaising with authorities in case of any clarifications required