How Do I Register a Company in Singapore and Apply for an EntrePass as a Foreigner Without a Local Partner?

If you are a foreigner, wanting to opt for the registration of a company in Singapore, here is the best way.

To incorporate a private limited company in Singapore, you need a local director or hire a nominee director service. This requirement really troubles the foreign entrepreneurs.

The alternative is to apply to MOM for an EntrePass and then apply to ACRA and start a company.

Yes, a foreigner can directly apply to the Ministry of Manpower (MOM) for an Entrepreneur pass and depending on the result, can choose to register a Singapore company or not.

Eligibility for an Entrepreneur Pass

This pass is for experienced entrepreneurs, innovators, or investors interested in starting a Singapore private limited company.

For Entrepreneurs:

If you are an entrepreneur, you need

• Track-record as an entrepreneur and has a business network
• Access to funds from government-approved VC or business angel
• To be an incubatee at a government-approved incubator or accelerator program

For Innovators:

If you are an innovator, you need:

• To own the intellectual property
• To have a working relationship with IHL & research organizations in Singapore
• To mastery of key areas expertise

For Investors:

If you are an investor, you need a demonstrable investment track-record.

After acquiring an EntrePass, you will be ready to start the process for registration of a company in Singapore. Here are the steps:

• Log on ACRA portal BizFile+ and check for the availability of your desired company name.
• Pay ACRA fee of S$15 and register the name for your use
• You got 60 days to set up your business.
• Collect incorporation documents:
  • ACRA approved company name
  • Description of business activities
  • Local registered address
  • Details of shareholders, directors, & company secretary
  • Submit a copy of your passport & residential address proof (overseas)
• Apply to ACRA on BizFile+ to incorporate your company & ACRA fee of S$300

In normal circumstances, the company incorporation process takes about 1-3 days. ACRA, the Company Registrar sends you an incorporation email giving the details of your company.