Singapore
Startup
Residency
Build Your Company. Claim Your City-State.
to Do Business
Tax Rate
Passport
City
What is the Singapore Startup Residency Program?
The SSRP is a structured pathway for foreign entrepreneurs and executives to incorporate a Singapore Private Limited Company (Pte Ltd), open a corporate bank account, and obtain legal residency — tied to their own business, not an employer.
Unlike golden visa programs that demand millions in investment, the SSRP requires you to demonstrate business intent.
Why Singapore?
Singapore is not just a tax haven — it is the most business-friendly jurisdiction in Asia, with infrastructure, banking access, and global credibility that no other Southeast Asian country comes close to matching.
~6.4% Effective Rate in Years 1–3
The Singapore corporate income tax rate is 17%; however, startup tax exemptions reduce the effective rate to approximately 6.4% in Years 1 to 3.
75% on First SGD 100K
75% exemption on the first SGD 100,000 of chargeable income and 50% exemption on the next SGD 100,000 — applied automatically with no separate application.
No Capital Gains. No Dividends Tax.
No tax on capital gains, dividends, inheritance, or qualifying foreign-sourced income.
100% Foreign Ownership Allowed
100% foreign ownership allowed — no requirement for a local partner, shareholder, or co-founder.
DBS, OCBC, Wise & More
Access to leading global banks such as DBS, OCBC, and ICICI Singapore, along with international payment platforms like Wise, Airwallex, and Payoneer.
Grants, Incentives & Startup Schemes
Newly incorporated companies may be eligible for various government grants, incentives, and startup support schemes.
Documents Required
to Apply for SSRP
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01Valid PassportComplete copy including all pages
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02Educational Qualification DocumentsHighest degree or equivalent certificate
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03Police Clearance Certificate (PCC)Issued by relevant authority in your home country
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04Experience LettersCovering 3 to 5 years of professional or entrepreneurial experience
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05Singapore Company Bank StatementReflecting approximately SGD 50,000 in company balance
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06Company Incorporation DocumentsRegistered Singapore Pte Ltd company documents
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07Professional Resume / CVUpdated profile outlining experience, roles, and business background
Process to Apply for
Singapore Startup Residency
Company Incorporation
We take care of your Singapore Pte Ltd setup end-to-end — from ACRA name reservation and company constitution to nominee resident director and registered address. Your company is typically live within a few days.
Corporate Bank Account Opening
We facilitate both physical bank accounts with DBS, OCBC, or ICICI Singapore, as well as online accounts like Airwallex, Wise, and Payoneer — so you’re ready to operate globally from day one.
Residency Assessment (RAC)
Before anything is filed, we assess your profile internally against Ministry of Manpower criteria. If it’s not strong enough, we don’t proceed — simple as that.
Application Submission to MOM
Once cleared, we compile and verify your entire file — including translations where needed — and submit a clean, accurate application to the authorities.
In-Principle Approval (IPA)
You can expect approval in approximately 30 business days. The IPA is your official confirmation that your residency has been approved.
Biometrics & Residency Card Collection
You travel to Singapore once for biometrics. Your residency card is issued in person, and you’re legally set to live and work in Singapore.