If you are a foreigner, wanting to opt for the registration of a company in Singapore, here is the best way.

To incorporate a private limited company in Singapore, you need a local director or hire a nominee director service. This requirement really troubles the foreign entrepreneurs.

The alternative is to apply to MOM for an EntrePass and then apply to ACRA and start a company.

Yes, a foreigner can directly apply to the Ministry of Manpower (MOM) for an Entrepreneur pass and depending on the result, can choose to register a Singapore company or not.

Eligibility for an Entrepreneur Pass

This pass is for experienced entrepreneurs, innovators, or investors interested in starting a Singapore private limited company.

For Entrepreneurs:

If you are an entrepreneur, you need

  • Track-record as an entrepreneur and has a business network
  • Access to funds from government-approved VC or business angel
  • To be an incubatee at a government-approved incubator or accelerator program

For Innovators:

If you are an innovator, you need:

  • To own the intellectual property
  • To have a working relationship with IHL & research organizations in Singapore
  • To mastery of key areas expertise

For Investors:

If you are an investor, you need a demonstrable investment track-record.

After acquiring an EntrePass, you will be ready to start the process for registration of a company in Singapore. Here are the steps:

  • Log on ACRA portal BizFile+ and check for the availability of your desired company name.
  • Pay ACRA fee of S$15 and register the name for your use
  • You got 60 days to set up your business.
  • Collect incorporation documents:
    • ACRA approved company name
    • Description of business activities
    • Local registered address
    • Details of shareholders, directors, & company secretary
    • Submit a copy of your passport & residential address proof (overseas)
  • Apply to ACRA on BizFile+ to incorporate your company & ACRA fee of S$300

In normal circumstances, the company incorporation process takes about 1-3 days. ACRA, the Company Registrar sends you an incorporation email giving the details of your company.

Author's Bio: 

I am a technical consultant & a writer who loves to forge knowledge on software product & services.