Country: Singapore
Visa Category: Entrepreneur Immigration
Application Prerequisite
Basic conditions :
Be at least 21 years old
Must start a business in Singapore and intend to register a private limited company in Singapore; If you have established a company locally, the registration date must be within 6 months prior to the application
Hold at least 30% of the company’s shares
One Singapore management staff or three Singapore full-time employees are required
Additional conditions: Apply as an entrepreneur
Funding of at least S$100,000 from government investment agencies, Venture Capitalists or Business Angels accredited by the Singapore government
The company complies with government-approved start-up Incubator or Accelerator programs
Rich and good entrepreneurial experience and business network
Additional conditions: Apply as an innovator
Companies holding intellectual property (IP) in countries recognized by intellectual property institutions
The company is conducting research collaborations with the Singapore Agency for Science, Technology and Research
Excellent technical or professional knowledge in the company’s relevant business areas
Additional conditions: Apply as an investor
Have a track record of investments
Interested in investing heavily in Singapore companies
Experience in creating and developing large-scale companies; Or have more than 8 years of experience in large companies as senior executives
The Business Start-up Pass shall not be allowed to apply for the following businesses
Coffee shop, hawker center, food court
Bars, nightclubs, karaoke
Foot massage and massage room
Acupuncture, traditional Chinese medicine, Chinese medicine dispensing business
Employment agencies
Feng Shui business
Project Advantages
There is no need to register and operate the company in advance, and there is no need to prepare start-up capital in advance. As long as there is a business plan, you can apply
The upfront capital investment is not large
No local directors are required
Holders of start-up pass holders can apply to become permanent residents of Singapore
After 2 years, you can apply for permanent residence status, and you can apply for naturalization after holding permanent residence status for 2 years
The application threshold is low and there are no academic requirements
One-person application, three generations of immigrants (spouse and children under 21 years old can be granted a family pass, parents can be granted a long-term social pass, can live in Singapore for a long time)
Singapore’s corporate income tax and personal income tax rates are among the lowest in the world, and expatriates working in Singapore need to bear a maximum personal income tax rate of 20%,企業所得稅稅率僅為17%
Family Members
Eligible to apply for a family card on behalf of the family:
Spouse and unmarried children under the age of 21
The total annual operating expenditure is 100,000 yuan
Employ at least 1 Singapore management staff or 3 Singapore full-time employees
parents
The total annual operating expenditure is 200,000 yuan
Employ at least 2 Singapore management personnel or 6 6 Singapore full-time employees
Application Procedure
Industry selection
Choose the right patents/copyrights/trademarks
Material preparation (1 week)
Completion of Business Plan and Application Form (2 weeks – 4 weeks)
Submission of materials (approval period is 6 weeks)
After 6 weeks, a letter of approval in principle is obtained
In-Principle Approval and Pass Processing (2 weeks)