Singapore has long been recognised as a global business hub — politically stable, economically competitive, and strategically located at the crossroads of major trade routes. For overseas business owners looking to expand or relocate to Asia, Singapore often ranks at the top of the list. A common question among foreign entrepreneurs is: “Can I set up my own company in Singapore and obtain an Employment Pass (EP) to manage it?” The short answer is yes — and in this article, we’ll explore how it works, what you need to qualify, and the advantages of taking this route.
1. Understanding the Employment Pass (EP)
The Employment Pass is a work visa issued by Singapore’s Ministry of Manpower (MOM) that allows foreign professionals, managers, directors, and executives to live and work in Singapore legally. It’s typically sponsored by a Singapore-registered company and granted based on the applicant’s:
- Educational qualifications
- Relevant work experience
- Proposed salary
- Job responsibilities
What many may not know is that the employing company can be one that you own, provided it meets all the required conditions.
2. Setting Up a Company in Singapore as a Foreigner
Singapore allows 100% foreign ownership of companies. You do not need to be a Singapore citizen or permanent resident to start a business here. The most common type of business structure is a Private Limited Company (Pte Ltd).
Here’s what’s required to set one up:
- A minimum of one shareholder (can be foreign or local)
- At least one local resident director (this can be fulfilled by hiring a nominee director or becoming one after receiving the EP)
- A qualified company secretary
- A local registered office address
Once the company is successfully incorporated with ACRA (Accounting and Corporate Regulatory Authority), you can proceed to apply for an Employment Pass as its director or CEO.
3. Applying for an Employment Pass as a Business Owner
After incorporating your company, you (as the owner) can apply for an EP to take up an executive or director role within the business. The company will act as your EP sponsor.
Here are some key eligibility criteria MOM considers:
a) Salary Requirements
As of 2025, the minimum qualifying monthly salary is S$5,600, and it increases with age and industry. Directors or C-level applicants often command higher salaries to match their senior roles.
b) Qualifications and Experience
MOM evaluates your educational background and relevant experience. While a university degree is usually expected, strong entrepreneurial track records or notable business achievements may substitute formal education in some cases.
c) Viability of the Business
Since you’re applying through your own company, MOM will assess whether your business is legitimate and viable. You’ll likely need to provide:
- A detailed business plan
- Financial projections
- Company profile and intended business activities
- Proof of capital investment
- Office lease or address
- Contracts or letters of intent with prospective clients
The more compelling your documents, the higher your chances of approval.
4. Why MOM Is Cautious with New Company EP Applications
Singapore’s MOM is generally more cautious with EP applications for new companies, especially if the company is incorporated solely for the purpose of securing a visa. To maintain the integrity of the system, MOM wants to ensure that:
- The company conducts genuine business operations
- The applicant is critical to the success of the company
- There is a clear contribution to Singapore’s economy
That’s why it’s often recommended to seek professional help from EP consultants like https://employmentpassapplication.sg to strengthen your submission and handle MOM’s due diligence checks.
5. Benefits of Getting an EP via Your Own Company
a) Full Control of Your Business
As the company owner and EP holder, you have full managerial control over business decisions. You don’t need to depend on a third-party employer.
b) Work and Live in Singapore Legally
The EP allows you to reside in Singapore legally, which helps you operate your business more effectively, network with partners, and stay close to regional opportunities.
c) Sponsor Family Members
If your monthly salary meets MOM’s threshold (typically S$6,000 or more), you can sponsor your spouse and children on Dependant Passes. At higher salaries (S$12,000+), you can also bring in parents under the Long-Term Visit Pass scheme.
d) Pathway to Permanent Residency
As a successful EP holder running a thriving business in Singapore, you can apply for Permanent Residency (PR) through the PTS scheme after a few years. This offers more security, business flexibility, and long-term integration into Singapore society.
6. Tips for a Successful Application
a) Submit a Strong Business Plan
Your business plan should clearly define:
- Your business model
- Target market
- Revenue strategy
- Hiring plans
- Estimated cash flow
- How you plan to contribute to Singapore’s economy
Make sure it’s detailed and backed by market research.
b) Capitalise Your Company
Show commitment by injecting adequate paid-up capital. While the minimum is S$1, many EP applications are stronger when companies start with S$50,000 or more, depending on the nature of the business.
c) Secure a Local Director Temporarily
As you cannot act as the local director before getting your EP, hire a nominee director to fulfill ACRA’s requirement temporarily. Once your EP is approved, you can replace the nominee.
d) Rent a Physical Office
Having a business address adds credibility to your application. Coworking spaces or virtual offices are acceptable for some industries, but having a proper lease in your name is a plus.
e) Seek Professional Guidance
Navigating MOM’s requirements and documentation can be complex. Engaging a specialist firm like https://employmentpassapplication.sg ensures your application is complete, compliant, and presented professionally.
7. What If You’re an Entrepreneur with a Startup Idea?
If you’re a tech founder or innovator with a scalable startup idea, you may also consider the EntrePass — a separate visa scheme designed for foreign entrepreneurs launching high-growth potential businesses.
However, the Employment Pass remains the more straightforward and flexible option for most business owners, especially if the business:
- Is already generating revenue overseas
- Has existing clients or operations
- Is in a non-tech industry
Conclusion
Yes, successful business owners from overseas can definitely obtain an Employment Pass through their own Singapore company—as long as they meet MOM’s criteria and can show that their business is legitimate, viable, and contributes to the economy.
With the right planning, a proper setup, and a professional application, you can not only legally run your business in Singapore but also enjoy the benefits of living in one of the most dynamic and business-friendly countries in the world.
If you’re ready to take the next step, contact our team at https://employmentpassapplication.sg to guide you through your Employment Pass journey — from company incorporation to EP approval and beyond.