How Can Self-employed EP Apply for PR Successfully?

2024-11-20

For people with management experience and sufficient funds who do not want to work quietly and only want to open up their own space in Singapore, obtain a pass, and then apply for PR in Singapore, it goes without saying that they need to start a company and apply for EP in their own company. This type of EP is commonly referred to as a self-employed EP.

However, there are still differences between self-employed EP and ordinary working EP when applying for PR. So what aspects should self-employed EP pay attention to in order to successfully apply for PR?

The Company Needs to Operate Normally

When applying for PR, for self-employed EP, ICA not only considers personal and family conditions, but also largely considers the company's business situation. So after applying for a self-employed EP, everything is fine, and it is important to maintain the normal operation of the company. Don't have a mentality of taking chances: "ICA just needs to see that I am an EP and won't check my company." You should know that Singapore is a very transparent country when it comes to a person's identity. If you are the director of the company, you can easily see it on ACRA. Remember!

To Hire Local Employees

Companies established by self-employed EP must hire local employees. For a company, the government has always been requesting or encouraging the employment of local employees to solve the employment problem for local people, which is commonly known as Quota. So for foreign companies, of course, they need to make some contributions to the government, that is, whether the company provides job opportunities for local people, whether it offers local employees CPF, whether it pays taxes, etc., will become an important inspection direction in PR review.

Financial Reports are Important

When applying for PR, there is a form about the company's background information, which requires filling in the company's turnover in the past three years. Based on our actual application experience, it is best not to leave this position blank in order to successfully apply. That is to say, as a newly established company, it is best to have one year of data. So generally speaking, for self-employed EP, we would recommend that the company submit a financial report after one year of operation.

Some Tips

Finally, Skyline Business reminds everyone that there are often some so-called shortcuts in the private sector for applying for passses or PR. "I heard from a friend that investing in his company can get an EP," "I heard..." However, there is actually no shortcut.

Applying for a pass should be done in accordance with Singapore's regulations and policies. To obtain a self-employed EP and apply for a PR, one still needs to be truly grounded in entrepreneurship.

Skyline Business is a legitimate registered business organization of the MOM in Singapore, with services covering various aspects such as pass application, PR application, citizenship application, translation notarization, study abroad services, real estate agency, etc. Experienced in PR/citizenship application with numerous successful cases.

What Can We Do for You?

1. Timely follow, inform, and remind about updates to ICA.

2. For friends who have not yet submitted their applications, we can help organize the submission materials, fill out the application form, tailor the application plan according to your actual situation, as well as a series of updates, supplements, issuances, and other matters in the future.

3. For friends who have already submitted their own documents, we can also help you follow up and follow up, assist in updating, assist in submitting materials, assist in issuing approved documents, and so on.

If you need to consult about PR/citizenship application, you can call+65 64388369 or add WeChat: Skylineserene for consultation!

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