How Do I Register a Company in Singapore and Apply for an EntrePass as a Foreigner Without a Local Partner?

 

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 inSingapore, 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

·         Track-record as an entrepreneur and has a business network

·         Access to funds from government-approved VC or business angel

·         To be an incubatee at a government-approved incubator or accelerator program

For Innovators:

If you are an innovator, you need:

·         To own the intellectual property

·         To have a working relationship with IHL & research organizations in Singapore

·         To mastery of key areas expertise

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:

·         Log on ACRA portal BizFile+ and check for the availability of your desired company name.

·         Pay ACRA fee of S$15 and register the name for your use

·         You got 60 days to set up your business.

·         Collect incorporation documents:

o    ACRA approved company name

o    Description of business activities

o    Local registered address

o    Details of shareholders, directors, & company secretary

o    Submit a copy of your passport & residential address proof (overseas)

·         Apply to ACRA on BizFile+ to incorporate your company & ACRA fee of S$300

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.

Comments

Anonymous said…
The excellent information is provided in this article. I can learn more about company registration and company formation in Singapore and details about how to apply for an entrePass as a foreigner without a local partner.
26 August 2022 at 04:21
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