STARTING A BUSINESS IN SINGAPORE

Whether you’re an individual or a corporation, the process of starting a business in Singapore is simple. Read on to find the all-important answers on taxation, gaining entry, registering a business, finding suitable premises and recruiting the right staff.

ENTERING SINGAPORE TO START A BUSINESS

Business today requires frequent travel. In line with Singapore’s pro-business policies, investors within companies can enjoy relatively hassle-free entry and exit from Singapore through special visas and passes.


GLOBAL INVESTOR PROGRAMME (GIP)

Foreign individuals who wish to set up and operate a business in Singapore will find it easier with the Global Investor Programme.

Start a business in Singapore

Contact Singapore is a one stop centre for entrepreneurs and business owners who are interested in relocating to and investing in Singapore.

We advise family businesses on their entry and stay in Singapore. Whether creating new businesses or expanding businesses in Singapore, we connect entrepreneurs and business owners with relevant partners to facilitate their decision making to establish strategic activities in Singapore. Contact Singapore also administers the Global Investor Programme, which accords Singapore Permanent Residence status to investors with substantial business track record and successful entrepreneurial background who intend to drive their business and investment growth from Singapore.

For more information on the Global Investor Programme and the application process, please refer to this link - http://contactsingapore.sg/gip

ENTREPASS

Designed to facilitate the entry and stay of entrepreneurs who will be actively involved in the starting up and operation of the company in Singapore, the EntrePass has an initial validity period of up to two years and will be issued upon the submission of a sound business proposal. The EntrePass also allows your immediate family to live here while you start and grow your business in Singapore. With the EntrePass you may leave and re-enter Singapore frequently with ease. It is renewable for as long as the business remains viable.

For further details on the EntrePass, please refer to Ministry of Manpower.

VISA FOR ENTRY INTO SINGAPORE

The visa is to facilitate the entry of business executives from countries that require a visa for Singapore. This is ideal if you are:

•             attending to businesses or investments in Singapore and travel to Singapore frequently

•             looking for or exploring business opportunities in Singapore

If it is multiple journey, the holders are permitted to enter Singapore as often as required within the validity period of the visa.  The holder may stay from 14 to 30 days per visit, depending on the mode of arrival.

Things to note when applying:

•             Check with the Singapore overseas mission in your country on visa requirements for entry into Singapore.

•             You will need a Letter of Introduction from a Singapore-registered company to be submitted with your application.

For nationals of China and India, the applications are usually processed within one working day if submitted online. For nationals of other visa-requiring countries and further details on the visa, please refer to the ICA website.

Previous: Taxation Next: Registering A Business

WHAT IS A DECKBUILDER?

The Deckbuilder helps you compile the content you want. Click “Add to deck” to collect useful content from the website and click on “View Deckbuilder” to edit and export your deck as a .ppt or .pdf file.