Incorporate A Singapore Company Guide For Foreigners

The Republic of Singapore has provided full support for entrepreneurs who are wishing to incorporate a Singapore company

. There are favorable corporate tax laws, various business structures to choose from, different work visas that would fit every foreigners need, hassle-free business registration and absence of red tape and corruption.

If you are a foreign entrepreneur or business professional, you are provided with two options, setting up a company and relocate to Singapore or run your company operations without having to relocate 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. The following procedures are advised:

Relocation with Employment Pass:

1.Engage a business registration firm to incorporate the company using our local resident nominee Director on temporary basis until you secure your Employment pass

2.Apply for your employment pass

3.Transfer the directorship upon securing your work pass

4.Relocate to Singapore and start your business

Relocation with EntrePass:

1.You can write your own business plan or engage s business registration firm or corporate solutions agent to create one for you.

2.Submit the business plan.

3.Upon receiving the approval of the of the EntrePass application from the Ministry of Manpower, proceed to incorporate the Singapore Company

On the other hand, 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.

Foreign entrepreneurs that will proceed with Singapore company setup should note the following:

1.Singapore Companies Act does not allow foreign individuals or entities to self-register a company. You can engage Rikvin, Singapores leading incorporation specialist, to set up your company.

2.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.

3.Provide a Singapore address as the registered address for the company. Alternatively, you can also engage a Registered Address service through Rikvin.

by: Shayne Hughes

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