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Success story: The number of queries increased significantly! What are the advantages of being a self-employed EP in Singapore?

In December this year, a number of departments jointly released a plan to optimize the COVID-19 detection strategy. The health codes and travel declarations are no longer needed when travelling. Ctrip, Qunar and other travel platforms have seen a surge in orders, especially international flights and overseas hotels.

Those who had been delayed by various reasons are planning their overseas travelling. The number of online and offline inquiries about going overseas are booming! Singapore is always the first port of call for most HNWIs planning to go overseas. Moreover, most of them obtained Singapore Employment Pass through the self-employment plan. What strengths do they value most?

Picture from the official website of the Ministry of Transport

Right time to Singapore

Official signals from Singapore indicate that Singapore is relaxing its immigration policy. This is the perfect time for many elite people to realize their family migration.

1. Deregulation makes the perfect time

In 2022, the number of permanent residence approvals reached the highest level in nine years, and the number of naturalization approvals reached the highest level in 11 years. In the future, Singapore plans to bring in 1 million people.

Singapore has relaxed immigration signs in the past two years. Singapore entrepreneurial immigration is the most popular channel after the investment immigration plan, and the success rate of obtaining permanent residence afterward is exceptionally high.

2. Apply for PR by your Work Permit

You can apply for Permanent Residence after obtaining a legal Work Permit for at least six months. Go Global Gem will work its best to help clients who have received the Work Permit for 2 years to apply for Permanent Residence. The PR application can be submitted in advance after assessment if the client has met the criteria.

3. Requirements met; EP approved

There are no rejection cases on EP applications, and the success rate is over 90%. There are many details to pay attention to during the application process, please contact our account manager for details.

4. Few documents, fast process

No tax compliance documents, no parent equities, no start-up size requirement, no immigration supervision. We help you and your family in settling into Singapore economically, fast and legally.

The venturing story of Mr.D

Mr. D, graduated from an architecture university in China, majoring in industrial design. After graduation, Mr. D worked in a technology company in Beijing. Then he served as the CTO of the company, where he and his team achieved excellent results in technology development. In 2020, Mr. D founded a technology company in the UK and served as the CEO, mainly engaged in developing electronic money and digital product services and technology.

As his wealth accumulated, Mr. D began to plan an overseas identity for his family. Through comparative analysis, he and his family have decided on Singapore. Singapore is connected to the world economy, has a solid scientific and technological atmosphere, and has a friendly business market. Therefore, with the recommendation of his friends in the circle, Mr. D has established a good cooperative relationship with Go Global Gem.

Based on Mr. D’s situation, Go Global Gem developed a self-employment EP solution for him and his family. It only took 4 working days from application submission to approval! Congratulations to Mr. D for getting the Singapore EP and best wishes to them!

Picture: Mr. D’s EP was successfully approved, any stolen pictures will be investigated!

Comparison of immigration surveillance in popular immigration countries

Immigration surveillance and residency requirements are factors that need to be taken into account in many popular immigration countries. The following are the requirements for immigration supervision, applying for permanent residence, maintaining permanent residence and applying for naturalization in several countries:

1. Britain

Immigration supervision required;

To apply for permanent residence: reside in the country for half a year for each year within 5 years;

To maintain permanent residence: land in the UK once every two years;

To apply for naturalization: After obtaining permanent residence, residing in the country for 9 months in a year in any period of time; Or residing in the country for 9 months or more in each of the 5 consecutive years upon receipt of the Temporary Residence Card.

2. Spain

Immigration supervision required;

To apply for permanent residence: reside in the country for a minimum of 4 years and 2 months within 5 years;

To maintain permanent residence: a brief period absence of no more than 6 months per year for a period of 5 years; a total period of absence of no more than 10 months for a period of 5 years.

To apply for naturalization: 10 years of continuous residence.

3. Canada

Immigration supervision required;

To apply for permanent residence: reside in the country for 2 years within 5 years;

To maintain permanent residence: /

To apply for naturalization: reside in the country for 4 years within 6 years;

4. United States

Immigration supervision required;

To apply for permanent residence: a period of absence of no more than 183 days for every departure (for green card holders)

To maintain permanent residence: enter once every 6 months

To apply for naturalization: reside in the country for 2 and a half years within 5 years (reside at least 6 months per year in the United States. If you leave the United States for more than 6 months in a given year, the remaining months cannot be counted as part of the two-and-a-half-year residence period; If you leave the United States for more than one year, your stay will be interrupted.);

5. Australia

Immigration supervision required;

To apply for permanent residence: reside in the country for 2 years within 5 years;

To maintain permanent residence: /

To apply for naturalization: reside in the country for 4 years within 5 years; a period of absence of 3 months or above is not allowed.

6. New Zealand

Immigration supervision required;

To apply for permanent residence: reside in the country for 184 days within 2 years;

To maintain permanent residence: /

To apply for naturalization: reside in the country for 45 months within 5 years, and reside in the country for 8 months or more each year.

7. Singapore

No immigration supervision, no residency requirements. There is no residency requirement to apply for immigration in Singapore. That is to say, there is no immigration supervision in Singapore.

To apply for permanent residence: You can apply for permanent residence by holding an employment pass for 6 months. Your spouse and unmarried children under 21 can apply for dependant passes at the same time. Based on past experiences, it is recommended to apply for permanent residence within two years.

To maintain permanent residence: the legal permanent residence card can be renewed for an unlimited number of times within the validity period;

To apply for naturalization: You can apply for naturalization by holding a permanent residence card for 2 years.

Picture from pixabay.com

Self-employment EP application guide

1. Advantages of the Singapore Employment Permit EP

An Employment Pass (EP) is a higher-level work pass provided by Singapore’s Ministry of Manpower for foreign professionals (managerial, supervisory or professional positions).

It is possible to establish a new company in Singapore based on China’s domestic business background, and the applicant will work as a shareholder or senior executive in a Singapore company. There is no need for investment, no age or language requirement, no need to explain the source of funds. Only six months is required to apply for permanent residence in Singapore. After holding permanent residence for two years, you can apply for citizenship in Singapore.

2. Employment Pass application requirements

  • The applicant is working for or holding a company (not limited to Chinese companies) which has been established for at least 3 years and employs not less than 3 local Singaporeans.
  • The applicant shall have a college degree or above, a part-time degree or a college degree or below (requires the certification of chsi.com.cn), and have investment experience or special achievements;
  • Applicant has been a senior management/shareholder for at least 1 year in the company (not limited to Chinese companies) he/she serves or holds which has an annual turnover of 5 million.

Note: For newly registered companies in Singapore, the applicant can hold 100% shares; The scope of operation of the Singapore company is related to the parent company.

3. Application process

  • Sign the service contract with Go Global Gem;
  • Complete the registration of the company and bank account opening;
  • Complete the leasing of office space;
  • Submit the EP application;
  • Approval letter IPA in principle;
  • Apply for a card in Singapore.

Note: The whole application period is about 2 to 3 months

Picture from Lianhe Zaobao

COMPASS assessment mechanism will be implemented in Singapore from September 1, 2023. EP application will be more difficult. If you need to plan your overseas identity, please hurry up. This is the right time! Please contact Go Global Gem immediately, we will provide you with business services, overseas asset allocation, overseas identity planning and other integrated solutions.

If you have any questions, please feel free to contact:Ho Kah Chuan
Email: kahchuanho@goglobalgem.com