Basic requirements:
1. At least 18 years old
2. The company must be registered in Singapore, registered as a private limited company and have a secretary and accountant (available).
3. The applicant must hold at least 3% of the company's shares.
4. The company has a registered capital of at least S $5,.
5. The company registration shall not exceed 6 months.
6. The enterprise must be legal.
From September 1, 213, the following points have been added to the approved criteria, and applicants need to meet at least one of the conditions:
1) Approved third-party venture capital or angel investment;
2) Holding national patents and patents or intellectual property rights and copyrights approved by the intellectual property department;
3) It has R&D cooperation with R&D institutions recognized by Singapore A * Star (Agency for Science, Technology Andresearch, Singapore)
or local institutions of higher learning;
4. Incubation industries supported by the Singapore Bureau of Standards and New Development or the NationalResearchFoundation(NRF) of Singapore.
Entrepreneurial permit projects that are not considered by the government:
Coffee shops, food centers, restaurants, bars, nightclubs, karaoke bars, lounges, foot massages, massage parlors, China traditional medicine, acupuncture, Chinese medicine dispensing, labor agencies, and Feng Shui masters.
Application steps:
Step 1: Industry selection. Applicants need to know their own industry and its feasibility in Singapore. Have a clear business plan.
Step 2: Appropriate patent or copyright. According to the new regulations after September 1, 213, this is the most attainable condition. Patents or national certificates must be related to industries operating in Singapore. And the certificate holder must be one of the shareholders of the company applying for the business license.
Step 3: Prepare materials
Personal information
A. Two passport-type photos
B. Copy of passport (personal information page)
C. Resume (basic information, education, work experience, business experience, awards, personal specialties, etc.)
D. Past work certificate and recommendation letter (those who have no business experience must provide it)
College degree or above in China is required to be certified by Xuexin.com (www.chsi.com.cn)
F. Other individual award-winning or professional qualification certificates (to be translated)
G. Personal deposit certificate (to be accepted by banks in China or Singapore)
H. Patent certificate or national certificate (to be translated)
I. Other personal materials (to be analyzed according to individual circumstances)
Company information (such as the applicant) If there is no company in China, you need to strengthen your personal work experience)
A. Business license, tax registration certificate, organization code certificate.
B. Equity certificate.
C. Financial statements of the company in the past three years.
D. Other company information (such as brochures, websites, photos, leases, office photos, awards, etc.) < p A large part of the deciding factor of whether to approve the business license
lies in the writing of the plan. The same personal conditions and different plans will also affect the approval results. The team that has written the plan must ensure the following points before it can be trusted.
1. The team has many successful cases of business license plan
2. I can listen to your opinions (after all, you want to do business, and you know your business best. You'd better write the outline simply yourself.)
3. There are no grammatical mistakes, and it can be revised. (After you read it, if you feel dissatisfied, 1% will accept the revision. Of course, sometimes, you have to listen to their experience)
4. I will give you a copy (I must be able to give you a copy of the business plan, and I can't let him hand it in if I am confused, after all, you paid for it)
5. I can stand the test of plagiarism rate (the plagiarism rate must be less than 15%. Be sure to write according to your own situation.)
6. All plans should be properly packaged according to your own situation. But remember to exaggerate, but you can't provide relevant materials yourself. The plan should be feasible.
Fill in the form: please fill in the form according to your actual situation, so that the handwriting is clear, neat and beautiful.
Step 5, submission of materials (if you register the company before applying for the business license, please prepare the materials in step 6 first, and then submit them together). After sorting out all the above materials, submit the application materials for the business license at singpost, Singapore Post Office, and the application fee is S $7.
Step 6, approval in principle. )
generally, after six weeks, the application result of the business license will come out. The first letter is an Approval InPrinciple. Generally, the requirement of this letter is that you should register the company according to the plan, open a company bank account, deposit the registered capital and get the company bank statement. It is worth noting that after the approval in principle, the applicant can independently register the company without a local director in Singapore. After the company is registered, it needs to I-submit two documents to the Human Resources Department:
A. Biz file.
B. Company bank statement.
Step 7, In-PrincipleApproval and permit processing.
After getting the full approval, prepare the materials according to the instructions of the approval, and go to.
Step 8, Normal Operation Company
The holder who successfully applies for the Singapore Business Permit needs to provide the following supporting materials based on the business plan of the Singapore company to the Ministry of Manpower of Singapore for review within 6 months after holding the permit. If the materials are unqualified, the relevant permit will be cancelled.
1) Singapore company lease;
2) CPF certificate of Singapore employees;
3) Certificate of ownership structure and registration date of the Singapore company.
In the course of operation, you must operate the project that you apply for the business license, otherwise it will be very difficult to approve. In addition, you don't need to operate as planned, but you can operate according to your actual ideas. However, when updating the permit, the conditions for updating the permit must be met.
3 Step 9: Apply for Permanent Resident (PR) in Singapore
After the company has been operating normally for 12-14 months, it can apply for permanent resident (PR) from the government. Whether Singapore can approve permanent resident (PR) mainly depends on the applicant's personal conditions and the operation of the company applying in Singapore. If the company has not contributed to Singapore's economy, the provision of staff posts, the payment of provident fund and taxation, it will be difficult to approve the application for permanent residence in Singapore (PR).
Remarks: This step is written according to the scheme of applying for business license first and then registering the company. This scheme has low risk, but the approval rate is somewhat lacking. If you want to register the company first, you should provide the company registration information and company bank statement when submitting the application for business license, which will shorten the approval time and improve the approval rate to a certain extent.
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4. Doubts about the business license:
1. The business license must be submitted within 6 months after the company is registered.
2. For the business start-up permit applied after September 1, 213, you can apply for the family permit after employing 4 employees and reaching 15, expenses.
3. There are no strict regulations on the entrepreneurial projects applying for the business license, but long-term experience shows that the more the industry can contribute to the development of science and technology, employment and government taxation in Singapore, the easier it will be for the application to be approved. Entrepreneurial entry permit does not apply to non-entrepreneurial enterprises set up by foreigners in Singapore, and some industries will definitely not approve it. (For example, coffee shop/hawker center/food court/bar/nightclub/leisure and entertainment center, foot reflexology center/massage center/karaoke hall/acupuncture therapy/traditional Chinese medicine/Chinese herbal medicine health center, employment agency, Feng Shui consulting firm, etc.).
4. Education is not the decisive factor in applying for a business license, but the applicant's business background, business projects, investment amount and writing quality of business plan are the core factors in applying for a business license.
5. The applicant's English level is not one of the factors to consider when applying for a business license.
6. There is no strict rule on whether the holder of the business start-up permit needs to stay in Singapore for a long time, but long-term experience shows that the longer the applicant stays in Singapore, the better it will be for him to renew his business start-up permit or apply for permanent residence in Singapore.
7. There is no strict rule on how long it takes to apply for permanent residence in Singapore after the business permit is approved, but long-term experience shows that usually starting to apply within 12-24 months can reduce the probability of being rejected by the Singapore Immigration Department.
8. Applicants can apply for Singapore citizenship only after they have obtained the status of permanent resident in Singapore for at least 2 years.