Setting up company + Employment Pass Featured

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This package is suitable for foreign entrepreneurs who wish to setup a business in Singapore and relocate (themselves or one of their key executives) to Singapore on an Employment Pass. Under this package, we will first incorporate your company and then apply for Employment Pass.

  • Package details

  • Process

  • Document

  • Further Information

 

 

This package includes these following services Reference fees

Company Incorporation

  •  Name reservation
  •  Preparation of incorporation documents
  •  Registration with Registrar of Companies
  •  Bank account opening assistance
  •  Electronic Certificate of Incorporation
  •  Company profile extract form Registrar of Companies
  •  Minutes of first board meeting
  •  Share certificates
  •  Company seal
  •  Company rubber stamp
  •  Government and our professional fee
 

Company Secretary for 1 year

  •  Each Singapore based company must appoint a qualified company secretary who needs to be appointed within 6 months of incorporation. He or she is knowledgeable and experienced with Singapore company laws. Secretary is like administrator of the company, who takes care of all compliance aspects.
 

Employment Pass (EP) application filing for 1 applicant

 

Temporary Local Nominee Director for 2 months

 

 Other optional services used with this package

 Company Registered Address (RA) for 1 year

 Dependant Pass for spouse

 Dependent Pass for child (per child)

 

 

 

The process and the steps for this package are as follows:

Step 1: Submit Your Request

Let us know that you wish to proceed forward with this package by completing the form listed under Next Steps section. Upon receipt of your request, one of our senior staff members will follow-up with you to clarify any questions you might have and to advice you of the next steps.

Step 2: Provide Company Incorporation Details

We will send you a link to a form for providing us with the necessary company incorporation details. You will need to complete this form and send it to us so we can prepare the necessary incorporation documents.

Step 3: Make Payment

Upon receipt of the completed form, we will send you an invoice for our services. In order for us to commence our services, you will need to make payment as per the invoice sent to you. We accept bank transfer, local cheque, cash, or credit card.

Step 4: Prepare Company Incorporation Documents

Upon receipt of the payment, we will prepare the necessary incorporation documents and email them to you for signing. If you are in Singapore, you can visit our office and sign the documents.

Step 5: Incorporate Company

Upon receipt of the signed incorporation and supporting documents from you, we will proceed to incorporate the company with Registry of Companies i.e. Accounting and Corporate Regulatory Authority of Singapore (ACRA).

Step 6: Open Bank Account and Inject Capital

Once the company has been registered with ACRA, we will assist you with opening of a corporate bank account for the newly incorporated company. You will then need to inject the proposed paidup capital and notify us.

Step 7: Prepare and File Employment Pass Application

In parallel to steps 5 & 6, we will work with you to prepare the Employment Pass application and supporting documents. Once ready, we will then file the Employment Pass application along with supporting documents and wait for the outcome.

Step 8: File an Appeal If Necessary

In case your EP application is rejected initially, we will explore the reasons with authorities and then prepare and file an appeal (at no extra cost) accordingly.

Step 9: Arrange for Employment Pass Collection

Upon receipt of the Employment Pass approval letter, you will be required to visit Singapore to collect your pass. We will assist you in scheduling an appointment with authorities for issuance of the pass.

Step 10: You Are Ready To Go

After you have collected your Employment Pass, you are ready to relocate to Singapore and start work for the company.

The whole process can take 2-3 weeks

 

 

Documents Required For Company Incorporation

For each Singapore resident individual shareholder and director:

  •  Copy of Singapore IC; and
  •  Copy of passport if the individual is not a citizen of Singapore

For each non-resident individual shareholder and director:

  •  Copy of passport; and
  •  Copy of residential address proof such as a recent utility bill, residential phone bill, tax bill, or cable TV bill

For compliance with our nominee director service:

  •  Personal bank reference letter (see sample) for at least one shareholder and director
  •  Completed know your client form along with resume / CV and passport

Documents Required For Employment Pass Application Filing

  •  Completed EP application
  •  Copy of passport
  •  1 passport size recent photo
  •  Copies of educational certificates (above high school)
  •  Copy of resume
  •  Copies of past employment testimonials, appointment letters, etc, if available
  •  Tenancy agreement for business operations address in Singapore
  •  1-2 page document that outlines a) detailed description of the duties to be performed by the applicant; and b) detailed description of activities and/or products of the company
  •  If you have a similar existing business overseas, it would be helpful to provide details such as audited accounts, brochures, client contracts, website details, etc.

Documents Required For Dependant Pass For Spouse

  •  Completed DP application
  •  Copy of passport
  •  1 passport size recent photo
  •  Copy of marriage certificate
  •  Educational details
  •  Salary details for the most recent employment held, if any

Documents Required For Dependant Pass For Child

  •  Completed DP application
  •  Copy of passport
  •  1 passport size recent photo
  •  Copy of birth certificate showing the names of both parents
  •  School enrollment details in an educational institute in Singapore

Please note the following:

  •  All documents must be in English or officially translated in English;
  •  All copies of documents must be certified true copies by a notary public or you must bring the originals to our office for sighting;
  •  If you are overseas, you can email us the scanned copies of documents so we can proceed with preparing the necessary incorproation documents. However we must receive the certified true copies (or sight the originals at our office) before we can incorporate the company.
  •  Our compliance department may ask for additional information if necessary.

 

 

Requirements of a limited liability company

  •  At least 1 shareholder
  •  At least 1 resident director (Singapore citizen, permanent resident or employment pass holder)
  •  1 locally resident Company Secretary
  •  Minimum paid-up capital of ONE share in any currency of any denomination (eg S$1)
  •  A local registered office address

Eligibility criteria for Singapore Employment Pass

The Singapore Employment Pass is issued by the Ministry of Manpower and they are the approving authority for all applications. Among other considerations, the key eligibility criteria is as follows:

  •  You must have a fixed monthly salary of at least S$3,300.
  •  Acceptable educational qualifications e.g degree or diploma from a reputed institution
  •  Recognised Professional qualifications
  •  Specialised skills
  •  Related work experience

Since your Singapore Company will act as the “employer”, the application of the Singapore Employment Pass can only be submitted after the incorporation of your company.

Time for incorporating

The actual incorporation in Singapore can be completed in a few hours as the whole process is computerized. However, the overall process can take anywhere from one day to few days depending on the following factors:

  •  Name reservation: Before being incorporated, its name has to be reserved first. Assuming there are no objections to the name proposed, the name reservation process can be accomplished in less than an hour. However, if the name conflicts with an existing name or if the proposed name contains some sensitive words that may require a review by relevant authorities, the name approval process can be postponed to few days or weeks.
  •  Signing of incorporation documents: If you are in Singapore, this is a quick and easy process. However if you are located overseas, the logistics involved in signing and sending the signed documents can take few days.

Time for processing EP

When the Employment Pass application is filed online, it takes anywhere between 1 to 10 working days to receive the outcome notification from authorities.. It may take longer during peak periods or when additional information is required from the various economic agencies.

When the Employment Pass application is filed manually, it takes anywhere between 3 to 6 weeks to receive the outcome notification from authorities.. It may take longer during peak periods or when additional information is required from the various economic agencies.

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Global Links Asia

Support to Incorporate companies in Singapore, ...

Viet Nam office: 151 Dao Duy Anh St., Phu Nhuan dist., Ho Chi Minh city, Viet Nam

Singapore office: 171 Chin Swee Road, #02 CES Center, Singapore 169877

Hotline: (+84) 0938 531 588   (+65) 3163 4102   

Website: www.globallinks.asia
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