Singapore Expats Forum

Starting a new company in Singapore

Discuss about getting a well paid job or career advancement. Ask about salaries, expat packages, CPF & taxes for expatriate.

User avatar
fari_javf
Regular
Regular
Posts: 71
Joined: Thu, 27 Jul 2006
Location: Missing

Starting a new company in Singapore

Postby fari_javf » Wed, 13 Sep 2006 7:29 pm

Hi,

If I have to start a new company in Singapore, what is the kind of investment a foreigner requires. How does the comapny go about managing EP's for the employees?

Thanks in anticipation
fari

User avatar
Strong Eagle
Moderator
Moderator
Posts: 11149
Joined: Sat, 10 Jul 2004
Location: Off The Red Dot
Contact:

Re: Starting a new company in Singapore

Postby Strong Eagle » Wed, 13 Sep 2006 8:01 pm

fari_javf wrote:Hi,

If I have to start a new company in Singapore, what is the kind of investment a foreigner requires. How does the comapny go about managing EP's for the employees?

Thanks in anticipation
fari


a) File a new company with the ACRA. Recommeded that you start a private limited as opposed to a sole proprietorship... looks better but not required. Chances improve that you'll get a two year Entre Pass.

b) Within 6 months, sooner is better, file your business plan with MOM to get an Entrepass. Investment is determined on what your business is... but you need to be able to demonstrate how you cover costs of startup and supporting yourself until the business is profitable.

c) EP's are applied for like everyone else. You have to demonstrate that the employee you want to hire cannot be found locally. But, the chances of getting continuing approval for your company are enhanced when you hire local employees.

User avatar
fari_javf
Regular
Regular
Posts: 71
Joined: Thu, 27 Jul 2006
Location: Missing

Postby fari_javf » Thu, 14 Sep 2006 6:27 pm

Thanks pal,

This info was helpful

fari

User avatar
ironlady
Chatter
Chatter
Posts: 156
Joined: Wed, 16 Nov 2005
Location: Venus
Contact:

Postby ironlady » Wed, 20 Sep 2006 1:19 pm

Hey Fari, what kind of company are you looking into opening ?
Life is not like a smooth sailing ship.It has ups n downs


  • Similar Topics
    Replies
    Views
    Last post

Return to “Careers & Jobs in Singapore”

Who is online

Users browsing this forum: No registered users and 1 guest