How to apply for a Singapore business license?

Brief introduction of entrepreneurial immigrants in Singapore:

Entrepreneurial immigration in Singapore refers to emigrating to Singapore after applying for Entrepass, and then applying for permanent residency (PR) in Singapore. Among them, it is very important to successfully obtain the Singapore business license. Entrepreneurial Permit, also known as Business Entry Permit, is a work permit for foreign entrepreneurs, which is jointly examined by Singapore Ministry of Manpower (MOM), Singapore Bureau of Standards and New Zealand.

How to apply for a business license?

If you plan to set up a new company in Singapore, you are eligible to apply for a business license. At present, applying for a business license requires rich business experience or work experience, and there is no specific requirement for the applicant's academic qualifications.

Conditions for applying for a business license:

1. The applicant must be at least 18 years old and plans to register a private limited company in a Singapore company;

2. The registered capital of the Singapore company to be registered is at least S $50,000, and the applicant must hold at least 30% of the shares. Funds need to be deposited in the company account opened in the bank of Singapore;

3. The enterprise must be legal, belong to an industry that can apply for a business license, and be registered for no more than 6 months;

4. With the immigration policy of business license attracting a large number of overseas businessmen and managers to start businesses and settle down in Singapore, the Ministry of Manpower of Singapore has also raised the application requirements for business license since September 1 20 13. Applicants need to meet at least one condition:

1). Approved third-party venture capital or angel investment;

2). Holding patents or intellectual property rights and copyrights recognized by the national patent and intellectual property department;

3). Have research cooperation with R&D institutions or local institutions of higher learning recognized by Singapore A * Star (Science and Technology Research Department of Singapore World-class R&D Center);

4). Incubation requirements supported by the Singapore Bureau of Standards and New Development (Spring Singapore) or the National Research Foundation of Singapore (NRF).

Note: According to the experience of Hande overseas immigration consultants, most entrepreneurs do not meet these four conditions. Hande Overseas Immigration Consultants will choose patents and intellectual property rights that are relatively easy to operate and meet the requirements of the Ministry of Manpower, and pay attention to the innovation of patents and intellectual property rights and their relevance to the entrepreneurial industry in the process. This is a complicated problem. It is suggested that you can call Hande Overseas Hotline and QQ\ WeChat for free consultation if you want to know more.

5. Entrepreneurial industries must be projects approved by the government;

Entrepreneurial licensing projects not considered by the government:

Coffee shop, food center, food plaza, bar, nightclub, karaoke, lounge, pedicure, massage parlor, Chinese medicine, acupuncture, Chinese medicine dispensing, employment agency, feng shui master.