Singapore Expats

Search found 6 matches

by Scienide
Wed, 04 May 2022 9:31 pm
Forum: Business in Singapore
Topic: Incorporating in SG for an IT startup
Replies: 14
Views: 7807

Re: Incorporating in SG for an IT startup

No- 20k for a tech pass which doesn't need a supporting company. For an EP the amount is lower depending on age and quals. Probably 6 to 10k. Thank you for the clarification! Yes, that's what I read about the EP salary requirements. And yes, definitely it would be much easier to start it as a joint...
by Scienide
Wed, 04 May 2022 5:44 pm
Forum: Business in Singapore
Topic: Incorporating in SG for an IT startup
Replies: 14
Views: 7807

Re: Incorporating in SG for an IT startup

You are not likely to qualify for a tech pass (min $20,000 per month salary). You might want to find a partner here who you can work with to launch a company with (or merge your idea into) under a JV. Not easy but at least they could get you an EP. Don't be too worried about the East European part....
by Scienide
Tue, 03 May 2022 12:48 pm
Forum: Business in Singapore
Topic: Incorporating in SG for an IT startup
Replies: 14
Views: 7807

Re: Incorporating in SG for an IT startup

No, basically it's about being an honest, legitimate business person.
That's exactly what we want to be.

Thank you again for all the information!
by Scienide
Mon, 02 May 2022 12:21 pm
Forum: Business in Singapore
Topic: Incorporating in SG for an IT startup
Replies: 14
Views: 7807

Re: Incorporating in SG for an IT startup

Thank you for the information! So basically it's about paying taxes for the income received as a sole proprietor and having solid documentation on what has been happening - information about customers, invoices, the product itself; then having a solid business plan and letters of commitment from the...
by Scienide
Sun, 01 May 2022 11:43 am
Forum: Business in Singapore
Topic: Incorporating in SG for an IT startup
Replies: 14
Views: 7807

Re: Incorporating in SG for an IT startup

Thank you for the detailed response! 1. Yes, you're correct, as far as I know it is illegal to run a business as an individual in my own name and receive payments to a personal bank account for that. However, it was always very small because the target audience of the project is very small. Under "w...
by Scienide
Sat, 30 Apr 2022 1:39 pm
Forum: Business in Singapore
Topic: Incorporating in SG for an IT startup
Replies: 14
Views: 7807

Incorporating in SG for an IT startup

Hi all, I have read lots of threads here that are related to my questions but didn't find a definitive answer so I'll try my luck and open my own. I'm grateful in advance to everyone who will take their time to read it and share any thoughts/information. We have a small IT startup that has been up a...

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