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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.

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

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  1. 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 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 •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:

  2. 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: oACRA approved company name oDescription of business activities oLocal registered address oDetails of shareholders, directors, & company secretary oSubmit 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.

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