Full analysis of Singapore self-employed EP visa, easy immigration!
What is a self-employed EP visa?
Self employed EP visa is a way to establish a company in Singapore and hire oneself as an executive to apply for EP status. After two years, one can apply for PR to achieve immigration purposes.
Detailed Introduction to EP Visa
The full name of EP is Employment Pass, which is a work permit for foreigners in Singapore and one of the highest level permits.
Who is suitable for applying for a self-employed EP visa?
Executives, entrepreneurs, high net worth individuals, etc. who have entrepreneurial intentions and want to expand overseas business are very suitable for applying for a self-employed EP visa.
Education Requirements for Self Employed EP in Singapore
College degree or above is required to apply for a self-employed EP visa.
Operation mode of self-employed EP company
We need to inject funds into the company to ensure that we can pay for our own salaries, office rent, and other expenses.
Can family members accompany you?
sure. You can apply for DP family permits for your spouse and children, and if your monthly salary reaches a certain level, you can also apply for LTVP long-term visit permits for your parents, achieving family immigration.
Singapore's Requirements for Living Languages
There is no language requirement. Two thirds of Singapore's population is Chinese, so there is no pressure for language communication.
Does the company need to operate for six months to apply for an EP?
Basically, it is approved in one go and there is no need to wait for six months.
How long is the visa valid for?
The validity period of EP visa is generally 2 years.
Do I need to rent an office to apply for a self-employed EP?
Non mandatory requirement. Registering a company requires an office address, and generally the company registration agency can provide a registered address.
Do I have to hire local employees?
No need to hire employees, simply submit an EP application. After obtaining the EP, there is no need to hire local employees in the first year, and in the second year, employees can be hired for renewal.
What documents are required for renewing a self-employed EP?
Renewal can be applied for six months before the expiration of the EP, and relevant company documents for the first six months need to be provided, such as signed cooperation contracts, personal income tax, company tax receipts, company and bank statements for the past six months, etc.
How long do I need to stay in Singapore every year without affecting my renewal?
There is no clear regulation, but it is recommended to have half a year in Singapore before the renewal. If the company has stable contracts and income, has local employees, and rarely works in Singapore, it doesn't matter.