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Register A Singapore Company With Employment Pass
Foreign entrepreneurs and business enthusiasts who are planning to setup a Singapore company and at the same time relocate to Singapore to oversee business operation should be able to accomplish two important things, incorporate a Singapore company and secure Singapore Employment Pass.
Below are the minimum company setup requirements in Singapore that should be addressed in order for foreign entrepreneurs to apply for registration of a Singapore company and for them to be able to proceed to securing an Employment Pass.
• Minimum 1 Shareholder + 1 Resident Director + 1 Company Secretary
• Minimum paid-up capital of S$1
• A local registered office address
After the company has been completely incorporated, foreign entrepreneurs should now prepare the necessary documents needed to qualify for an Employment Pass. We have outlined important information needed for an Employment Pass application.
Employment Pass (EP) is the main type of Singapore work visa issued to foreign Entrepreneurs, professionals, skill employees, managers and owners (shareholders)/directors of Singapore companies. ...
... The Ministry of Manpower (MOM) allows the foreigner to apply for an Employment Pass after they have incorporated their Singapore Company to enable them to live and work in Singapore. The EP does not fall under any quota system nor is there a monthly levy charge for EP.
Anyone is considered eligible to apply for an Employment Pass, if he/she meets the following criteria:
• You are a foreign Entrepreneur, professional, managing director, shareholders of Singapore companies who wish to relocate to Singapore to manage your company operations
• You are a locally incorporated Singapore Company and need to hire foreign employees
• You have an Employment offer from a prospective Singapore employer. In this case, you will need the company to apply the employment pass application on your behalf.
Also, you should take note of the following requirements which are reviewed by Singapore company registrar.
• A fixed monthly salary of at least S$2,500.
• A recognized Diploma/Degree qualification from a reputable university is expected.
• Professional qualifications
• Specialist skills
• Work related experience
Rikvin provides a full spectrum of corporate services under one roof for singapore company registration, assistance to form a singapore company, accounting, tax, work pass and related compliance services for individuals and companies worldwide.
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