Setting up a Company in Singapore as Foreign Entrepreneur

Industry leading Business Solutions partner, providing you with simple and hassle free Singapore company incorporation needs.

A dedicated specialist will work with you to understand your Singapore Company Set-up needs.
We will guide you step by step to Set up your business in Singapore efficiently and effectively.
Upon receipt of the incorporation information and payment. Your company would be officially incorporated within 24 hours and documents would be sent to you for signing.









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Documents Required For Company Registration For Singapore resident individual shareholder and director:
  • Copy of Singapore IC; and
  • Copy of passport if the individual is not a citizen of Singapore
For 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 the provision of 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 EntrePass Application Filing
  • Completed EntrePass 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. as available
  • If running own business, provide proof of business such as audited accounts, brochures, client contracts, website details, etc.
Documents Required For Employment Pass Application
  • Completed MICROUNIVER 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
    • detailed description of the duties to be performed by the applicant; and
    • 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 Spouse Dependant Pass
  • Completed DP application form
  • Copy of passport
  • 1 recent passport size photo
  • Copy of marriage certificate
  • Educational details
  • Salary details for the most recent employment held, if any
Documents Required For Child Dependant Pass
  • Completed DP application form
  • Copy of passport
  • 1 recent passport size 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 incorporation documents. However we must receive the certified true copies (or sight the originals at our office) before we can incorporate the company. Our management team may ask for additional information if necessary.
Specific FAQs Q: Are we required to visit Singapore to register our Company? A: No, you are not required to visit Singapore to register a Company. We can work with you via emails and document couriering in order to get the necessary work done. However if you wish to open a bank account, a visit to Singapore might be a good idea. Almost all banks require an interview with the stakeholders and the process can go a lot smoother if there is a face-to-face meeting between you and the bank officer. If however you are not able to visit Singapore, the bank will conduct a phone interview and the due-diligence process may take longer. Q: How long does it take to register a Company in Singapore?

A: The registration of a Singapore Company usually takes 1 - 5 working days.

Q: Does a Singapore Company require a local resident director?

A: Yes, a Singapore company is required to have at least one local resident director. In order to qualify as locally resident, the person must be:

  • Singapore citizen; or
  • Singapore permanent resident; or
  • Employment Pass holder (the Employment Pass should be from the same company for which he/she is acting as a director); or
  • Dependant Pass holder

If you do not have a person who can act as the local director for your company, you can use our Nominee Director service to satisfy the local director requirement.

Q: Does our company require a resident director service if we are applying for Employment Pass?

A: This situation applies to foreign individuals or companies who intend to incorporate a Singapore company and relocate to Singapore. As per Singapore Companies Law, each company must have at least one director who is ordinarily resident in Singapore. Therefore you will need to use a resident local director service on a temporary basis until your Employment pass is approved. Once your Employment Pass is approved and you have relocated to Singapore, you can replace the resident director with yourself as the local director in the company.

Q: What is the role and scope of company secretary service?

A: Each Singapore company must appoint a qualified company secretary who is knowledgeable and experienced with Singapore company laws. A company secretary typically assist the members and officers of the company with the following matters:

  • Assisting members with understanding and compliance with Singapore Companies Act
  • Reminding members of various statutory deadlines and assisting them with statutory compliance
  • Maintaining the statutory registers
  • Ensuring that the company files statutory information accurately and ontime
  • Providing members and directors with notice of meetings
  • Preparing and filing necessary corporate resolutions as and when necessary
  • Ensuring that people entitled to do so can inspect company records
  • Custody and use of the company seal

We act as the company secretary for all companies that we incorporate. Our annual company secretary retainer fee is for routine corporate secretarial services that include:

  • Appointing a senior MICROUNIVER member as the professional company secretary for your company
  • Reminding you of the various statutory compliance dates
  • Safekeeping, updating, and maintaining registers, minutes book, and other statutory records of the company
  • Free consultation during the year on routine corporate secretarial matters
  • Charging of discounted fees for non-routine services
Note that non-routine service requests are charged on a per request basis.
Q: What are the paid up capital requirements for a Singapore company?

A: Minimum paid up capital requirement for a Singapore company is $1. The paid up capital can be listed in Singapore dollar or any other major currency. The concept of authorized capital has been abolished in Singapore. Whatever capital you list is treated as paid up capital and you will be required to inject this amount into the company. Paid up capital of the company can be freely utilized towards company's business expenses. There is no requirement that this money must be locked in the bank account for any specific period of time. How much paid up capital should I list for our Singapore Company?

How much paid up capital you should have for your company depends more on your business plans than anything else. Having a higher paid up capital will add credibility to your company when you are dealing with your suppliers, banks, etc. If you plan to apply for work passes for foreign staff, a higher paid up capital will be looked more favourably by Ministry of Manpower. There may also be specific paid up capital requirements for certain business licenses such as travel agency license, recruitment agency license, financial services license, etc.

If you want to list a paid up capital higher than the minimum S$1, you have two options:

Option 1:List a higher paid up capital at the time of incorporation

Keep in mind that whatever paid up capital amount you list, will need to be deposited into the company's bank account. Since we will be acting as company secretary for your company, we carry certain fiduciary responsibilities in this matter and have to ensure that the necessary paid up capital is in fact inject into the company. Therefore if you wish to list a paid up capital higher than S$100 at the time of incorporation, we will require you to deposit that money with us first. Once your company bank account is open, we will transfer the paid up capital amount into your company's bank account.

Option 2: Increase paid up capital after registration of the company

Under this option, you can increase the paid up capital anytime after registration of the company. In this case, the process is as below:

  • Incorporate the company with nominal paid up capital;
  • Open company bank account;
  • Inject funds into the bank account and notify us;
  • We will then prepare and file the necessary paperwork with Company Registrar to reflect the revised paid up capital of the company. Note that a fee will apply for his service.
Q: I am not a shareholder in the company. Can I apply for EntrePass?

A: No. If you are not a shareholder or have less than 30% shares in the company, you cannot apply for Entrepreneur Pass (EntrePass). You can, however, apply for Employment Pass, assuming that you are going to be employed by the company.

Q: What are important factors for the success of EntrePass application?

A: Key factors include:

  • The quality of your business idea. Is it entrepreneurial in nature? Will it generate local employment? Does it have the potential to grow big?
  • The "innovativeness" of your business idea. Do you have substantial funding from a venture capitalist or accredited angel investor? Are you undergoing any research collaboration with a recognized institution? Are you part of any incubation scheme in Singapore?
  • Your personal credentials. Do you have qualifications to pursue the proposed business idea? Is your previous experience relevant to the proposed business idea?
  • Proposed investment. How much money are you planning to invest into the business? Is it your personal money or borrowed money? Note that the minimum required amount is S$50,000.
Q: Do I need to visit Singapore to apply for EntrePass?

A: No, you are not required to visit Singapore to apply for EntrePass. We can work with you via emails and document couriering in order to get the necessary work done. However, once your EntrePass is approved, you will need to visit Singapore to collect your EntrePass. You are also expected to relocate to Singapore after the Entrepass has been issued to you.

Q: How long does it take to process EntrePass application?

A: A rough timeline is as follows:

  • It takes about 2 weeks to draft the business plan and prepare the Entrepass application for filing.
  • Once filed, it takes authorities approximately 6-8 weeks to review the application and notify of the outcome.
  • The authority will issue you an Approval In-Principle (AIP) letter, after which you have one month to incorporate the company and inject the capital. Depending upon whether you are located in Singapore or overseas during this time, this process may take anywhere from a couple of days to a couple of weeks. The AIP deadline may be extended, subject to the authorities.
  • Once the authorities have been notified of the company incorporation and capital, they will take approximately 2 weeks to send the final approval letter (In-Principal Approval), after which you have 6 months to visit Singapore and collect your EntrePass.
Q: As a company shareholder can I apply for Employment Pass?

If your company is less than 6 months old:

  • If you hold more than 30% shares, the authorities may ask that you apply for Entrepreneur Pass (EntrePass) instead of Employment Pass (EP). However if you prefer to apply for Employment Pass, it is still possible. In this case, authorities will review your EP application and may approve your EP or advise you to apply for EntrePass instead if they determine that the EntrePass is more appropriate in your situation.
  • If you hold less than 30% shares, you can apply for the Employment Pass.

If your company is older than 6 months:

  • You can only apply for Employment Pass
Q: How long does it take to process Employment Pass?

A: 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

So why would anybody file an application manually?

When filing an application online, only very minimal information can be entered into the system and no supporting documents can be uploaded. This may not be a good idea for cases where the supporting documents can significantly enhance the chances of a positive outcome. We make the decision to file online or manually after carefully reviewing the client's application and situation, and in consultation with the client.

When thinking about the timeline, keep in mind the following:

  • The company must be incorporated first before Employment Pass can be applied for. This can take anywhere from couple of days to couple of weeks depending on whether you are present in Singapore or overseas.
  • If you intend to submit the application online, and if the company is newly incorporated, the MOM will need to be prompted of the company's particulars in order to activate the EP-Online system. This process can take up to 14 days from the day of notification to the MOM.
  • It may take certain amount of time for you to provide us with the completed application and supporting documents before we can file the application.
  • After the pass is approved, there are still certain formalities that will need to be taken care of such as the medical examination, the appointment for fingerprinting registration, collection of the pass, etc, which may take few more days.
Q: Will MICROUNIVER handle annual filing requirements for our company?

A: Yes, We offer a comprehensive range of services with the objective of being a one-stop service provider for all your company needs. For almost all of our clients, we handle annual statutory compliance requirements for their companies that consist of

  • preparation and filing of Annual Return with Company Registrar; and
  • preparation and filing of Annual Tax Return with Inland Revenue Authority.

Company Incorporation
  • Company Name reservation
  • Minutes of first board meeting
  • Registration with relevant authorities
  • Electronic Certificate of Incorporation
  • Authorities Professional Fee
  • Preparation of Incorporation Documents
  • Share Certificates
  • Bank Account Opening assistance
  • Company Seal & Rubber Stamp
S$800
US$635
Company Secretary

All Singapore companies must have at least one qualified company secretary, who is a resident of Singapore and have the relevant knowledge & experience with the Singapore Companies Act. This is a mandatory annual service provided by Microuniver, it includes the following:
  • Appointing qualified secretary for your company;
  • Reminding the company of the various regulatory and statutory compliance dates;
  • Maintain the minute books and company statutory registers,
  • Non-routine corporate secretarial services e.g. changes in company structure, attending to official meetings, etc. are charged on a time-cost basis.
Company Secretary - 1 Year
S$580
US$458
Company Registered Address

All Singapore Incorporated entities will need a Singapore base registered address (PO box will not be qualified). The registered address must be physical where company records are kept and official correspondence can be sent and received. Microuniver's Company Registered Address includes:
  • Handling and forwarding of incoming mails for your company;
  • Update our business address as your company's registered address with Singapore government authorities.
Company Registered Address for 1 year (First Year Free)
S$580
US$458
Nominee Local Director

All Singapore companies must have at least one local resident director. It is advisable to utilise our Nominee Local director service if you do not have one. Providing nominee director services imposes certain responsibilities on both the company and our nominee director. Nominee director's responsibilities
  • One of our management members will be appointed to your company as Nominee director to meet the statutory compliance of a resident director. It is a non-executive position with no financial, operational or management responsibilities of the company.
  • The company can request our nominee director to resign at any time by identifying another person who can satisfy the local director requirement.
Note: Nominee director fee will be higher when the risk level is higher, here are some common circumstances.
  • Company intends to register for GST (Goods and Service Tax Status) voluntarily or Income of the company is expected to exceed $ 1 million a year.
  • Company intends to hire local employees and /or has external debts.
Nominee Local Director - 1 Year
S$2,500
US$1,985
Company's responsibilities
  • An annual fee is applicable for providing this service.
  • A refundable security deposit of SGD$2000 is required for the provision of our nominee director service. This security deposit is refundable upon termination of our nominee director service.
  • The company must appoint at least one individual as the company directors who will be responsible for running the company.
  • Must satisfy our KYC requirements.
  • The company is required to provide copies of company's bank and financial statements on a monthly basis, and required to engage our Registered Address, subscribe to our monthly bookkeeping & Corporate Tax Filing service unless otherwise approved by our management team.
Nominee Director Deposit
S$2,000
US$1,588
Total:
S$5,880
US$4,666
Other Optional Related Services
Entrepreneur Pass application
  • Preparation of business plan prescribed by authorities
  • Advising you on completing the application form and supporting
  • Acting as the sponsor for your EntrePass application
  • Submitting the EntrePass application to authorities
  • Tracking the application status with authorities up to the outcome stage
Note
If your EntrePass application is not approved for whatever reason,
we will provide a refund of S$2900 from the package price.
S$5800
US$4,580
Nominee Local Director - 2 Month (applicable for temporary requirements)
S$800
US$630
Employment Pass (EP) application filing

Microuniver's Employment Pass Filing service includes:
  • Pre-Application Assessment
  • EP application document preparation & guidance.
  • Application filing & government fees.
  • Card issuance & card collection guidance.
Employment Pass (EP) application for each applicant
S$1,300
US$1,028
Dependant Pass for each spouse
S$800
US$630
Dependent Pass for child (per child)
S$600
US$480
Incorporation Process Flow:
(Detailed Incorporation Process Flow: usually takes less than 24 hours)
1
Making Your Decision Let us know you wish to proceed with incorporating a Singapore company. Upon receiving your request, our team will follow-up with you to clarify any questions you might have and advice you on the next step.
2
Provide Company Incorporation Details We will send you forms to provide us with the necessary company set-up details. You will need to complete the forms and send them back to us, so we can prepare the incorporation documents accordingly.
3
Payment Upon receipt of the completed incorporation details, we will send you an invoice for our service. In order for us to commence our service, you will need to make payment as per invoiced. We accept bank transfer, local cheque, cash, credit card or Paypal.
4
Prepare Company Incorporation Documents Upon receipt of your payment, we will proceed with the preparation of the necessary incorporation documents and send to you for signing if needed.
5
Company Incorporation Upon receipt of the signed incorporation and supporting documents from you, we will proceed to incorporate the company with Registry of Companies with related authorities.
6
Bank Account Opening Once the company has been registered, we will assist you with opening of a corporate bank account for the newly incorporated company.
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