Register a Singapore Company With Rikvin “In an entrepreneur pass package, the company depends on the approval of the labor pass, which is first sought by the investor,” explains Rikvin. The approval of its application depends on the requirements such as business proposal, capital investment, and Total Business Spending category. Rikvin adds: “The business proposal should be entrepreneurial in nature, highlighting the business goals, specifying the product or service offered, and identifying the marketing strategies.” Meanwhile, the capital investment should not fall below S$50,000. The Total Business Spending is a onetime requirement for one whole year, and which refers to the capacity of the businessman to employ local residents. The category of TBS determines the type of entrepreneur pass issued. Rikvin explains: “A Q1 entrepreneur pass requires S$100,000 TBS or employment of 2 local employees. P2 entrepreneur pass has a TBS worth S$150,000, and P1 entrepreneur pass requires a TBS valuing to S$300,000.” In this package, Rikvin can help in drafting the business proposal. After its release, the company can now be registered. And the investor, who has the entrepreneur pass, can be appointed as the resident director. There must also be a shareholder and a corporate secretary. On the other hand, in an employment pass package, the company is first sought. The requirements are similar with an entrepreneur pass package. The resident director must have an ordinary residence, which can be earned by holding an employment pass. Since only registered companies can apply for work visas, except the entrepreneur pass, there exists the issue on whom to appoint as the resident director. Rikvin replies that a nominee director service is essential. It provides a third party director to allow the company to be registered. After the registration, Rikvin processes the employment pass application, and transfer the directorship. About the Publisher: Rikvin has successfully assisted local and foreign entrepreneurs incorporate a Singapore company. Our success rate is phenomenal, most of our enterprise clients have entrusted us, with the routine management tasks such as `book keeping and secretarial services and we continue to impress them beyond our promise. Rikvin has also successfully helped hundreds of foreign entrepreneurs register a Singapore company. Our phones are answered during business hours by specialists and not by an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions. If you are interested in learning more about Rikvin’s Services kindly email us at firstname.lastname@example.org or give us a call at +65 64838887..