Start a Business
The self-employed expat
As a Dependent Pass Holder you are permitted to set up your own business in Singapore and the Government is pretty much supportive of your idea.
The obvious choice is to start your business as a sole proprietor as cost involved are reasonable and the administrative process is simple and takes only about two weeks. Have a look at the Web Sites mentioned below, as they lead you through the whole process and changes in the law are updated regularly.
Watch out for the requirements of special licences and restrictions which may exists for professions such as in the field of medical professions.
For more information of other forms of business see our sister website below:
TIP: Join ASME
The Association of Small and Medium Enterprises (ASME) is a not-for-profit organisation that champions the interest of the small and medium sized enterprises in Singapore. As one of the key business chambers, ASME works closely with both public and private sectors to further the cause of the SMEs, across ranging sectors of the economy. Visit the website.
As a self-employed you are required to contribute to Medisave if your net trade income is above SGD 6,000 per year. See also Central Provident Fund for mandatory contributions
|Medisave Contribution Calculator|
There is a very quick way to set up your own business in Singapore by taking over an established business from an expatriate leaving the country. There is a huge advantage to build on existing clients and contacts rather than starting from scratch as your time in Singapore may be limited to a few years.
If you are interested to buy or sell a small retail businesses in Singapore, such as those seen at the Singapore fairs/open houses, please submit your 40 word or less advertisement to the email address below. Links to e-mails and websites will be included in the ad on the Singapore Fairs Website if provided.
See also the www.entersingaporebusiness.info with 12 sections on establishing a business in Singapore.
Under the new “Singapore Hme Office Scheme” your landlord may apply on your behalf for authorization to set up a small scale activity. This applies to all private residential properties and HDB homes. Certain conditions apply.
There is no application fee but a form to fill in which can be downloaded online (see web site below). Alternatively you may rent a virtual office. Companies assisting in setting up a business often also offer to serve as a mailing address for your small business. See the web site below for more information