Client BackgroundAn Australian fintech consultant who owns and invoices through his own Hong Kong company.
Client PlanTo move the business to Singapore and keep serving the same clients.
ProblemAn entity that exists only to sponsor its own director is exactly what MOM scrutinises.
How We HelpedWe established where the work was actually performed and who the customer of record was, then built a Singapore entity with real substance before applying.
Client BackgroundAn Australian fintech consultant who owns and invoices through his own Hong Kong company.
Client PlanTo move the business to Singapore and keep serving the same clients.
ProblemAn entity that exists only to sponsor its own director is exactly what MOM scrutinises.
How We HelpedAn Employment Pass needs a Singapore employer, and a company that exists only to sponsor its own director is exactly what MOM scrutinises. Financial-services roles also sit around 10% above the standard salary table. We established where the work was actually performed and who the customer of record was, then built a Singapore entity with real substance before any pass application.
OutcomeTwo client contracts novated to the new Singapore company before submission, giving the entity genuine revenue rather than an intention. EP approved at the financial-services salary level. The Hong Kong company retained for legacy clients only.
How can Xinran help you?
Xinran is an established facilitator focused on market entry and international expansion. With our global reach, we offer a full suite of corporate services to help companies successfully enter newer markets.
We pride ourselves on our client-oriented approach. Our comprehensive services and deep understanding of local and global markets make us an invaluable partner for your expansion into Asia. We have vast experience providing services for successful entrepreneurs who want to incorporate their businesses in Singapore, Hong Kong or mainland China.