Business opportunities in Singapore are available in abundance; local and foreign entrepreneurs alike will attest to this fact. As a well-regarded location for foreign transactions, international trade, and business activity, Singapore has a reputation as a global center of foreign investment and foreign business.
Foreigners can make use of these business opportunities in Singapore by first understanding how a foreigner can set up or expand a business in Singapore. One has to ensure that the correct visa has been received, the necessary requirements which are important for foreign business registration have been settled, and the proper registration process for a business in Singapore has been understood and followed.
A foreign entrepreneur in Singapore must obtain a work pass known as the Entrepreneur Pass (EntrePass). It is meant for foreign entrepreneurs who plan to start a business in Singapore. The Ministry of Manpower (MOM) and Enterprise Singapore process the application for the EntrePass. Approved EntrePass applicants may use it for up to two years. Subsequent renewals of the EntrePass will extend its validity by three years.
Registration can be easily done for one’s business in Singapore through Bizfile, a system that was set up by the Accounting and Corporate Regulatory Authority (ACRA). Registration for the expansion of businesses in Singapore can also be done through the use this system.
If one wishes to make a foreign expansion of a business in Singapore by setting up an extended branch office of the company, the company owner can approach various government agencies for advice and guidance. Relevant procedures and information regarding the registration process can be attained through agencies such as the Monetary Authority of Singapore (MAS) and the Attorney-General’s Chambers. Such agencies provide information and help with regard to the financial and accounting and legal sectors respectively. Help for and information on other sorts of business ventures can be obtained from Enterprise Singapore.
Furthermore, one can approach the Economic Development Board for viable locations in Singapore where one can use as a location for the main business office of the company. The Economic Development Board (EDB) provides extensive information on industrial and business locations in Singapore to give foreigners information about the most viable business locations in the country.
Singapore’s large population of local business talents can effectively provide for the human resources needed for one’s company or business. One can use online recruitment portals and various recruitment agencies to aid with the human resource sector of one’s company or business. Information on the training and the availability of potential recruits can be found on the Enterprise Singapore website, while the EDB aids in providing various training programs for potential local business recruits.
The relevant links to websites, agencies, and authorities mentioned can be easily found on the MOM’s website.
If you require government grants for small business opportunities, we at Paul Hype Page & Co can help you receive them. With our vast experience and knowledge, we help foreigners start their own business in various countries, of which Singapore is one.
Paul Hype Page & Co – Acra service provider and Asean Chartered Accountant.
Paul Hype Page & Co. have 3 physical offices in Singapore, Malaysia and Indonesia
Our Firm Goal is to assist Foreigner and Foreign Companies to set up business in Asean.
How we can help you:
We will call you back, please click below link and make appointment with our Sales consultant:
Step 1- Listen to your Business plan and Relocation needs.
Step 2- Analysis your Singapore Tax Planning
Step 3- Recommend the most suited type of Company Incorporation , Open Bank account and
Step 4- Arrange for your Spouse and Children Visa
Step 5- Assist as your company to hire staffs and handle all HR matters
Step 6- Every financial year end, we assist you with your yearly Acra Financial and Tax Compliance
Step 7- Assist you to expand business to Malaysia, Indonesia , Vietnam and Thailand.
Get in Touch with Us Today.
Paul Hype Page
Categories: Singapore Incorporation and Company Registration