Singapore attracts thousands of foreign entrepreneurs and business owners annually to set up their businesses in the city-state. Its strategic geographic location, bilateral treaties, straightforward registration procedure, and minimum annual compliance requirements make it an ideal choice to incorporate a business.
However, people who wish to relocate and set up their businesses in Singapore must obtain a work permit from the MOM (Ministry of Manpower) in Singapore.
Foreign professionals can obtain an Employment Pass or Personalized Employment Pass to work in Singapore. However, foreign entrepreneurs who wish to relocate and incorporate a Singapore startup can also avail an EntrePass, short for Entrepreneur Pass.