Other things to consider if you are planning to start a tech business in Singapore
1. Opening the right corporate bank account
NEO Banks like Aspire would be a good match. Aspire serves many tech startups with convenient & inclusive financial services, currently operating across Thailand, Vietnam, Indonesia, Singapore. Aspire also offers cashback on digital spending like Google, LinkedIn, Facebook and more.
Note: Aspire is operating under the Monetary Authority of Singapore in accordance with the Payment Services Act (No. 2 of 2019).
More features can be found on their website: www.aspireapp.com
2. Choosing the right provider for your Tech Pass
Make sure you choose the right provider for your Tech Pass! Tech Pass is a newly introduced work pass by the Ministry of Manpower (MOM). Thus, it is best to have a work pass expert to step in to smooth your application!
Paul Hype Page & Co, established in 2008, has worked closely with MOM to provide work passes in Singapore for expatriates for more than a decade. The right provider like Paul Hype Page can help you to save a lot of time in the Tech Pass application and increase the chances for you to obtain a Tech Pass. Get in touch with one of our experts today!
Terms and condition for Tech Pass renewal
If you are keen to renew your Tech Pass after two years, you must earn at a minimum of $240,000 in nonexempt taxable income over the two years or displaying total annual business disbursements of at a minimum of $100,000.