Singapore entrepreneurial immigrants register a Singapore company, obtain a business permit, and then apply for a green card through the business permit.
So what are the application conditions for Singapore entrepreneurial immigrants?
Let here Xiaobian to take you to understand it.
The company must be at least 18 years old. The company must be registered as a private limited company with the Singapore Companies Registry and have a secretary and accountant.
3. The applicant must hold at least 30% of the company’s shares.
4. The company has a registered capital of at least S $50,000.
And deposit it into the company account at the bank of Singapore. Please ask for the bank statement of the company for verification.
5. The company shall not be registered for more than 6 months.
6. The business must be legitimate.
Not considered by the government: coffee shops, food centers, food courts, bars, nightclubs, karaoke, lounges, foot massage, massage parlors Traditional Chinese medicine, acupuncture, Chinese medicine dispensing, employment agencies, Feng Shui masters.
1. From September 1, 2013, the approval criteria will also be added as follows, and the applicant must meet at least one of the following conditions: (HHAND Overseas can provide) 1) obtain approved third-party venture capital funds or angel investment;
A) The minimum investment amount is NIS 100,000.
B) Shareholder certificates and other relevant documents shall be provided.
2) Holding patents or intellectual property rights and Copyrights approved by national patent and intellectual property departments;
A) It must be a registered national patent.
B) One of the shareholders must be a patent holder.
C) The patent must be associated with the venture.
3) Have R&D cooperation with R&D institutions accredited by A* STAR (Agency for Science, Technology and Research, a world-class R&D center in Singapore) or local institutions of higher learning;
A) There are no hard and fast rules on the period of research cooperation.
B) The research institution is required to provide a contact person for information verification.
Research projects must be related to entrepreneurial projects.
C) Only those with ongoing research collaborations are eligible to apply, and service contracts will not be considered as research collaborations.
4) Incubation industries supported by SPRING Singapore or the National Research Foundation (NRF).
A) Only enterprises that are doing incubation are eligible.
B) The incubated project must be related to the entrepreneurial project.
2. Holders who have successfully applied for the Singapore Entrepreneurship Permit are required to provide the following supporting documents based on the business plan operation of the Singapore company to the Ministry of Manpower of Singapore for review within 6 months after holding the permit. If the documents are not qualified, the relevant permit will be cancelled.
1) The lease of the Singapore company;
2) CPF certificate of Singapore employee;
3) Certificate of ownership structure and registration date of the Singapore company.
2. Materials required by the applicant 1.2 passport photos 2. Passport personal data 3. Resume 4.
Certificate of education 5. Reference letter from past employer 6. Company particulars (issued by Registrar)/Business photograph 7.
Company products/photos 8. Company bank account deposit certificate 9. Professional and complete business plan.
1. The business permit must be submitted within 6 months after the registration of the company.
2. There are no strict rules on the start-up projects to apply for the permit, but long-term experience shows that the more the industry contributes to Singapore’s technological development, employment, government tax revenue and other aspects, the easier the application will be approved.
The permit does not apply to foreigners setting up non-start-up businesses in Singapore, and some industries will not approve it.
(e.g. coffee shop/hawker centre/food court, bar/nightclub/recreation club, foot reflexology centre/massage centre, karaoke bar, acupuncture therapy/traditional Chinese medicine/Herbal health club, job agency, Feng shui consultancy, etc.)
3. Educational background is not the decisive factor in applying for the business permit, but the applicant’s business background, business project, investment amount and the quality of writing business plan are the core factors in applying for the business permit.
4. The English proficiency of the applicant is not one of the factors considered in the application for the certificate.
5. There is no strict rule as to whether an Entrepreneur Permit holder is required to stay in Singapore for a long period of time. However, long-term experience shows that the longer an applicant stays in Singapore, the better it will be for him or her to renew the Entrepreneur Permit or apply for permanent residence in Singapore.
6. There is no strict rule on how long you can apply for Singapore permanent resident after the approval of the permit. However, long-term experience shows that the application period of 12 to 24 months can reduce the probability of being rejected by the Immigration Department of Singapore.
7. Applicants may apply for Singapore citizenship at least two years after they have obtained Singapore permanent resident status.
