Singapore Self-Employment Pass Immigration

Self Employed EP Pass Immigration

Self-employment EP Pass: Holding shares in a Singapore company and applying for an Employment Pass (EP) as a shareholder of the company is defined as a self-employment employment pass, and the applicant is the company owner.

Self-employment pass application requirements

a. Own and operate a company in Singapore

b. The company has a lease

c. Sales contracts or sales documents (financial statements are also available)

d. Hire at least two local employees (citizens or PRs)

Applicant's Personal Conditions

a. A monthly salary of more than SGD 10,000

b. Young applicants should have a bachelor's degree or above, and older applicants should have a college degree or above

Self-employment Employment Pass application process:

a. Registering a Singapore company: For foreigners to register a Singapore company, they need to find an accounting company for registration (1-2 working days);

b. The new directors required by the registered company;

c. The Singapore company opens a bank account and injects registered capital (more than 100,000 is recommended);

d. The company needs to have an office or storefront (lease, telephone, fax, etc.);

e. Hire at least 2 local Singapore employees (PR is also acceptable);

f. Help employees pay CPF (employee CPF fee);

g. Submit an application for an employment pass, and it will be approved within 2-4 weeks (it is recommended to find a labor agency to apply for a higher success rate);

h. Formal operation of the Singapore company;

i. Annual review of Singapore companies; Singapore companies have to review each year (about one year).