Singapore

About Singapore

Singapore is a vibrant city-state known for its high quality of living and modern infrastructure. With a world-class airport and extensive public transport network, it is consistently ranked among the top cities globally for infrastructure. As one of Asia’s leading investment destinations, Singapore attracts global investors with its stable government, safe environment, dynamic lifestyle, and strong economy. These qualities continue to make Singapore a preferred choice for foreigners seeking economic opportunities and a better quality of life.

Total Population

6,042,000

Area/Size (km2)

735.7

Official Languages

English, Mandarin, Malay and Tamil

Local Currency

SGD ($)

Singapore Global Investor Programme

The Global Investor Programme (GIP) is an initiative by Economic Development Board (EDB) of Singapore. This is a popular programme which assists foreign investors and entrepreneurs in setting up and developing their business in Singapore. It provides links to local business networks and more opportunities for business collaborations.

  • Invest at least SGD 10,000,000 in a new business entity or to expand an existing business operation
  • Invest at least SGD 25,000,000 in a GIP fund that invests in Singapore

 

Eligibility

  • Must possess at least 3 years of entrepreneurial and business track record
  • The nature of business must be in the list of government-recognised industries;
  • Turnover must be at least SGD 200,000,000 in the most recent year and on average for the last 3 years
  • If your company is privately held, you should have at least 30% shareholding in the company.
  • Family Office: Invest at least SGD 2,500,000 in a new Singapore-based single family office having Assets-Under-Management (AUM*) of at least SGD 200,000,000

 

Eligibility

  • At least 5 years of entrepreneurial, investment or management track record AND
  • An individual, or direct family net worth of at least SGD 200,000,000

Established Business Owners

  • At least 3 years of entrepreneurial and business track record

  • Company annual turnover of at least SGD 200 million in the most recent year and on average for the last 3 years

  • If privately held, applicant must have at least 30% shareholding

 

Next Generation Business Owners

  • Immediate family must hold at least 30% shareholding, or be the largest shareholder in the qualifying company

  • Company annual turnover of at least SGD 500 million in the most recent year and on average for the last 3 years

  • Applicant must be part of the company’s management team (e.g. C-suite or Board of Directors)

 

Founders of Fast Growth Companies

  • Founder and one of the largest individual shareholders of a non-publicly listed company valued at least SGD 500 million

  • Company must be invested into by reputable Venture Capital / Private Equity firms

  • Company must be engaged in one or more industries listed by the authorities

 

Family Office Principals

  • At least 5 years of entrepreneurial, investment or management track record

  • Net investible assets of at least SGD 200 million

singapore

Singapore Company Incorporation

At AIMS, we provide the following services:

  • Incorporation of Private Limited Companies
    • Documentation preparation
    • Application and reservation of company name
    • Provision of business information profile
    • Corporate secretarial package
    • Annual ACRA filing
    • Registered office address
    • Nominee director service
  • Private bank and commercial bank link up
  • Business sourcing
  • Recruitment
  • Permanent office liaison and rental
  • Service office liaison and rental
  • Work pass applications

Singapore Entrepreneur Pass (EntrePass)

The Entrepreneur Pass (EntrePass) is an Employment Pass for foreign entrepreneurs who would like to start a new business in Singapore.

Applicants must fulfil the following requirements:

  • The company must not be registered for more than twelve months at the point of application
  • Hold at least 30% shareholding in the company
  • The company must be venture-backed or own innovative technologies
  • Must meet at least one of MOM’s innovation/track record criteria (e.g. funding, incubator support, IP, research collaboration, or prior venture-backed business)
  • Submit a business plan detailing company’s goals and objectives.

The key to an EntrePass approval is a comprehensive business plan that outlines the goals and objectives of the proposed business venture plan, including a strategy to meet the requirements stipulated by the Ministry of Manpower (MOM). Our experienced team at AIMS would be able to assist you in the drafting of the business plan and the submission of application even if you are based overseas.

Singapore Work Visas

AIMS will be able to assist individuals who have already secured a job in a Singapore-based company and require the relevant work visas. In addition to individual work passes, AIMS will also be able to assist with companies who wish to transfer employees from overseas offices to the Singapore office.

Employment Pass (EP)

The Employment Pass is for foreign professionals, managers and executives who wish to work in Singapore.

Applicants must fulfil the following requirements:

  • From 1 January 2025, applicants must earn a fixed monthly salary of at least S$5,600 in most sectors, or S$6,200 in financial services.
  • The qualifying salary increases progressively with age, up to around S$10,700–11,800 for candidates in their mid-40s.
  • In addition to salary, applicants must also meet the requirements of the COMPASS points-based framework, which assesses both individual and employer attributes.

Employment Pass holders can apply for the Dependant’s Pass and/or Long-Term Visit Pass for their eligible family members.

In addition to the application of Employment Passes for the relevant professions, AIMS also offers tailored business solutions for the purposes of the EP. Please contact us  to find out more.

Personalised Employment Pass (PEP)

The Personalised Employment Pass is for high-earning foreign professionals and provides greater job flexibility than the standard Employment Pass.

Key Features:

  • Unlike the EP, the PEP is not tied to a specific employer.
  • PEP holders may remain in Singapore for up to 6 months in between jobs while seeking new employment.
  • The PEP is valid for 3 years and is not renewable.

Applicants must fulfil the following requirements:

  • Must earn a fixed monthly salary of at least S$22,500.

PEP holders can also bring in eligible family members under Dependent’s Passes and Long-Term Visit Passes.

S Pass

The S Pass is for foreign mid-level skilled workers, such as technicians who are interested to work in Singapore.

Applicants must fulfil the following requirements:

  • Must earn a fixed monthly salary of at least S$3,150.
  • For the financial services sector, the minimum qualifying salary is S$3,650.
  • The qualifying salary increases progressively with age, up to around S$4,650 (non-financial) and S$5,650 (financial services) for candidates in their mid-40s.
  • Are assessed on their qualifications and relevant work experience.

Employers hiring S Pass holders are subject to a quota and levy system.

Others

Other passes include Dependent’s Pass, Miscellaneous Work Pass, and Training Work Permit.