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FAQs  Foreigner Setting up Business in Singapore


What does a foreigner have to do if he wants to register a business firm in Singapore?

A foreigner needs to apply for an Approval-In-Principle EntrePass if the foreigner wants to register a business and act as a local manager of the business firm. The foreigner must also have a Singapore residential address in the above cases. After obtaining the AIP-EP, the foreigner will have to approach a professional firm or a service bureau for submitting the BizFile transaction on his behalf to register a new business.



I am a Singapore Permanent Resident. Do I need to apply for AIP EP before registering a business in Singapore?

No, Permanent Residents can register a business without an Employment Pass.



If I am holding a valid EntrePass (EP) for the company that currently employs me and at the same time, wish to start my own business without resigning from my present job, must I cancel my existing EP before applying for AIP EP in order to be a business o

No, you need not cancel your existing EP. Rather, you should apply for AIP EP along with a letter of no objection from your current employer. Your AIP EP will be treated as an application for an additional EntrePass to work for another company.



If I am holding a valid EntrePass for the company that currently employs me but wish to leave the current post to start my own business venture, must I cancel my existing EP before applying for AIP EP?

Yes, you will need to cancel your existing EntrePass before applying for AIP EP.



What is an EntrePass?

Workpass



I have a Dependent's Pass. Can I set up a business?

Yes. However you are required to apply for a Letter of Consent (LOC) from the Ministry of Manpower.




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