Client BackgroundTwo Dutch founders running a profitable online homeware business, with no venture funding.
Client PlanTo base themselves in Singapore and run the business from here.
ProblemThey were planning around EntrePass, which is built for venture-backed businesses, not profitable trading.
How We HelpedWe assessed the business honestly against the EntrePass criteria and moved them to incorporation plus a founder-director Employment Pass.
Client BackgroundTwo Dutch founders running a profitable online homeware business, no venture funding. They have been told to apply for an EntrePass because they are entrepreneurs.
Client PlanTo base themselves in Singapore and run the business from here.
ProblemThey were planning around EntrePass, which is built for venture-backed businesses, not profitable trading.
How We HelpedWe assessed the business honestly against the EntrePass criteria. That scheme is built for innovation-led, venture-backed or IP-heavy businesses and carries ongoing spending and hiring commitments. A profitable trading business is better served by incorporation plus an Employment Pass held by a founder-director.
OutcomeEntrePass ruled out at the first meeting, avoiding an application that would have failed and the hiring commitments attached to it. Company incorporated, first founder’s EP approved, second founder followed on her own EP the next quarter.
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.