The Singapore Self-Employed Immigration refers to applicants who establish a Singaporean company, assuming roles such as shareholders, directors, or senior executives. They then submit an application to the Ministry of Manpower in Singapore to obtain local residency or visas, including the Employment Pass (EP) or Entrepreneur Pass (EntrePass). After operating the company for a certain period and holding the pass for two years, applicants can apply for Permanent Residency (PR) through the Immigration and Checkpoints Authority of Singapore. Applicants and their families can transition from EP to PR, eventually obtaining the Singapore Permanent Resident (PR) card. This immigration pathway typically requires meeting various conditions, including possessing sufficient economic and entrepreneurial capabilities, as well as contributing to the local economy through investments or business ventures.
Reasons
Why Choose Self-Employed Immigration to Singapore?
Establishing a bridge with multi-currency accounts
In Singapore, businesses can establish multi-currency accounts, facilitating smoother international trade.
Immigrating the entire family
Children and parents can directly apply for family reunion visas and long-term visit visas.
Enhancing the international image of the business
A sound financial system, no foreign exchange controls, and orientation towards the global market.
Overseas identity planning
Customers can immigrate to Singapore by converting their Employment Pass (EP) into Singapore Permanent Residency (PR).
Business tax planning
The highest corporate income tax rate in Singapore is 17%, and newly established companies can enjoy significant tax incentives.
High-quality bilingual education
Children can hold Dependant Pass (DP) and attend schools in Singapore, benefiting from excellent bilingual education.
Classification
EP Application Conditions
Employment Pass (EP)
- The main applicant has extensive work or entrepreneurial experience.
- Diplomas must be accompanied by a China Higher Education Student Information and Career Center (CHESICC) verification report
- Establish a company in Singapore as a shareholder, director, or senior management personnel.
- Salary standards for positions can be checked in the PMET (Professional, Managerial, Executive, and Technical) Salary Benchmark published by the Ministry of Manpower.
- Meet the requirements of the Compass Points System.
Steps
Self-Employed EP Application Process
Steps
Dependant Pass (Immediate Family)
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During the period when the applicant holds an EP/EntrePass, spouses and children under 21 years old can apply for Dependant Pass (DP) if the declared monthly salary exceeds SGD 6000.
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During the period when the applicant holds an EP/EntrePass, parents can apply for Long Term Visit Pass (LTVP) if the declared monthly salary exceeds SGD 12000.
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When applying for PR with an EP/EntrePass, the applicant's spouse and children under 21 years old can be included as accompanying applicants in the PR application.
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Parents and children over 21 years old cannot apply for PR together, but parents can apply for a 5-year Long Term Visit Pass (LTVP).
Successfully Obtaining Singapore
Key Elements for Self-Employed EP to Permanent Resident Conversion
- The Singapore company operates continuously and creates employment opportunities locally.
- The company maintains consistent profitability and a sound financial position.
- Applicants need to have a bachelor's degree or higher and possess extensive business management experience.
- Singaporery's clients will receive customized immigration solutions based on individual circumstances. Clients are required to actively cooperate and provide the necessary application materials.
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