If you are a foreigner, wanting to opt for the registration of a company in Singapore, here is the best way.
To incorporate a private limited company in Singapore, you need a local director or hire a nominee director service. This requirement really troubles the foreign entrepreneurs.
The alternative is to apply to MOM for an EntrePass and then apply to ACRA and start a company.
Yes, a foreigner can directly apply to the Ministry of Manpower (MOM) for an Entrepreneur pass and depending on the result, can choose to register a Singapore company or not.
Eligibility for an Entrepreneur Pass
This pass is for experienced entrepreneurs, innovators, or investors interested in starting a Singapore private limited company.
For Entrepreneurs:
If you are an entrepreneur, you need
For Innovators:
If you are an innovator, you need:
For Investors:
If you are an investor, you need a demonstrable investment track-record.
After acquiring an EntrePass, you will be ready to start the process for registration of a company in Singapore. Here are the steps:
In normal circumstances, the company incorporation process takes about 1-3 days. ACRA, the Company Registrar sends you an incorporation email giving the details of your company.
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