3 things foreigners need for becoming entrepreneur in Singapore

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3 things foreigners need for becoming
entrepreneur in Singapore

• As there are various compelling reasons for
  starting business in Singapore, foreigners
  wanting to become Singapore entrepreneurs often
  have doubts and questions in regards to the
  things they need for starting business in
  Singapore and becoming an entrepreneur.
• Fortunately, Singapore being highly conducive to
  business and entrepreneurship for foreigners does
  not actually require a huge list of things. Just
  a few basics and youre all set. 

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Here are 3 things you need for becoming
entrepreneur in Singapore and starting Singapore
business.

• 1. Company incorporation in Singapore
• 2. Company secretary in Singapore
• 3. Singapore Entrepreneur Pass (EntrePass)

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1. Company incorporation in Singapore

• Once you are convinced that you are starting
  business in Singapore, the next step has to be
  Company incorporation in Singapore. As per law,
  before you begin business operation in Singapore,
  incorporating company in Singapore is the first
  requirement, even if youre simply conducting
  market research.There are different types of
  companies you can register in Singapore depending
  on your specific needs/requirements. Consult a
  qualified company incorporation expert today and
  get the process of Singapore company
  incorporation begun.

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2. Company secretary in Singapore

• Singapore Companies Act recognizes the dependence
  of company directors on the company secretary for
  guidance on statutory compliance issues. As being
  a foreigner entrepreneur you may not always be
  physically available in Singapore for tax filing,
  documentation and time-to-tine compliance,
  Singapore company secretary can act as a
  custodian of the company in your behalf, making
  sure that all the laws are complied.

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• The Accounting and Corporate Regulatory Authority
  (ACRA), which is the national regulator of
  business entities and public accountants,
  mandates that every company must appoint a
  company secretary in Singapore within six months
  from the date of its incorporation. Therefore,
  once you have incorporated the company, the next
  thing you need to do as an entrepreneur is to
  appoint a qualified company secretary.
• Knowing that Singapore company secretary has so
  many important roles to play, its vital that you
  choose only a qualified person/firm that can
  efficiently perform the secretarial duties.

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3. Singapore Entrepreneur Pass (EntrePass)

• If you are wanting to relocate to Singapore on
  temporary or permanent basis for setting up and
  growing up the business, you need one or the
  other kind of work visa. Easiest and most
  suitable for entrepreneurs is Singapore
  Entrepreneur Visa (EntrePass).
• The EntrePass scheme is designed for foreign
  entrepreneurs who wish to start a business and
  relocate to Singapore. 

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• Once the pass is approved, you will generally be
  given 30 days to incorporate the proposed company
  and inject the necessary share capital.
• As a foreigner wanting to be an entrepreneur,
  having entre pass is in all cases advisable.
  However, due to the stringent criteria of
  Singapore entre pass, foreigners may find it hard
  to obtain it. Alternatively, many foreign
  entrepreneurs would choose to apply for Singapore
  Employment Pass instead. The Singapore Employment
  pass will be discussed more in details in another
  article.  

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• While there are more things that a foreign
  entrepreneur for starting business in Singapore,
  above 3 are the most essential elements one
  cannot bypass.
• Have any questions in regards to Singapore
  company incorporation, company secretary in
  Singapore or Singapore entre pass? 
• For More information visit this link
• http//precursor.com.sg/3-things-foreigners-need-b
  ecoming-entrepreneur-singapore/

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Contact Us

• Address 60 Albert Street  14-04
  OG Albert Complex Singapore 189
  969
• Email id clients_at_precursor.com.sg
• Contact for (65) 6336 5500 

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