Singapore Company Setup For Foreigners

Singapore Company Setup For Foreigners

Singapore Company Setup For Foreigners

Foreign entrepreneurs or business enthusiasts who plans to register a Singapore company are given two options in company incorporation. These options are setting up a company and relocate to Singapore and setting up a company without having to relocate to Singapore.

For foreigners who would like to proceed with Singapore company incorporation and relocation to Singapore, you are required to completely incorporate your company first and then secure the necessary work visa, either Employment Pass or EntrePass.

Option 1: Relocation with Employment Pass. This option is feasible 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.

Option 2: Relocation with EntrePass. This option is feasible 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.

On the other hand, foreigners who would like to incorporate a Singapore company without relocation should appoint a Singapore resident director when incorporating a Singapore company. They are also given an option to hire the services of company incorporation firm and corporate solutions provider in Singapore like Rikvin who can provide Nominee Director Service.

Below is a brief guide for Singapore incorporation:

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.

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