Singapore

About Singapore

Singapore is a beautiful country with a high quality of living and first-class infrastructure. Boasting a world-class airport with excellent facilities and connections, as well as an efficient and extensive public transport network, it is constantly ranked first in the world for its city infrastructure. As the first ranking investment destination in Asia, and the 2nd in the world, Singapore is a much sought-after destination for investors. The stable government, safe environment, vibrant lifestyle and strong economy in Singapore are reasons why it continues to be a perennial favorite for foreigners seeking economic prosperity and a better quality of life.

Total Population

5,791,901

Area/Size (km2)

700

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 2,500,000 in a new business entity or to expand an existing business operation
  • Invest at least SGD 2,500,000 in a GIP fund that invests in Singapore

 

Eligibility

  • The nature of business must be in the list of government-recognised industries
  • Turnover must be at least SGD 50,000,000 in the most recent year and on average for the last 3 years
  • 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 400,000,000
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

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 six months at the point of application
  • Own 30% – 100% of shareholding in the company
  • Have relevant experience and track record in creating and managing a business successfully
  • Provide S$50,000 or more in paid-up capital for the new company
  • Submit a 10-page business plan detailing business 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 and executives who are interested to work in Singapore.

  • P1 Pass – For foreigners seeking professional, managerial/executive/specialist jobs. Applicants should earn a fixed monthly salary of more than $7,000.
  • P2 Pass – For foreigners seeking professional, managerial/executive/specialist jobs. Applicants should earn a fixed monthly salary of more than $3,500 and up to $7,000 and he/she should possess recognised qualifications.
  • Q1 Pass – For foreigners earning a fixed monthly salary of more than $2,500 and he/she possesses recognised qualifications.

Employment Pass holders can apply for the Dependant’s Pass and/or Long-Term Visit Pass for their 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 a scheme introduced to overcome the limitations of the Employment Pass. Unlike the EP which becomes invalid after the holder leaves their job, a PEP holder is able to remain in Singapore for up to six months in between jobs to evaluate new employment opportunities.

S Pass

The S Pass is for foreign mid-level skilled workers, such as technicians who are interested to work in Singapore. Mid-level skilled foreigners who earn a fixed monthly salary of at least $1,800 will be eligible to apply for S Pass.

Others

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