Singapore Company Registration Specialist
We provide incorporation and corporate secretarial services

Singapore Company Registration with Employment Pass

Are you a foreign professional or a person seeking to incorporate a Singapore company and relocate for running the business operations? If yes, then you will have to do the following:

Requirements for Setting up Singapore Company

  • At least one shareholder
  • Must have one resident director
  • Must have one company secretary
  • SGD 1 initial paid-up capital
  • Must have Singapore registered office address

Eligibility for Singapore Employment Pass (EP)

Application for a Singapore EP can be made only after a Singapore company has been incorporated. After getting the EP, it is possible to act as the essential resident director.

Types of Pass and Requirements

Type Requirement Valid for
P1
  1. Minimum fixed monthly salary of SGD 8,000
  2. Must meet qualification requirements
Chief Executive Officers, Chief Financial Officers, Managing Directors, Top Level Managers; Specialists – Subject Matter Experts or SMEs
P3
  1. Minimum fixed monthly salary of SGD 4,500
  2. Must meet qualification requirements
Middle-level Managers, Senior Executives and Skilled Technicians
Q1
  1. Minimum fixed monthly salary of SGD 3,000
  2. Must meet qualification requirements or special skills
Recent graduates from reputed educational institutes; having 5+ years of experience may be equivalent to recognized qualifications

PERSONAL TAX FOR EP HOLDERS

Because EP holders fall in the category of Singapore tax residents, they qualify for resident tax rates. The country has a dynamic personal tax regime as compared to the income of an individual.

The taxable income covers fixed salary, bonus, and other benefits like stock or housing. Taxable income of SGD 320,000 attracts 20 percent of peak resident tax rate.

NOTE:

As a foreign person seeking to incorporate your Singapore company and then relocate to the country, you must meet the following:

  • Hire the services of Richmond for the incorporation of the Singapore company and get a nominee resident director appointed temporarily until you are able to get your EP.
  • Apply for EP.
  • Transfer of directorship after getting your EP.
  • Relocate and begin business operations.

It is possible to handle everything ranging from application for work pass to company registration without you being present in Singapore.

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