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Does Singapore allow crypto capital injection?

Rome

Rome

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Feb 18, 2023
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#1
You can register a company in Singapore and apply for an Employment Pass (a temporary residence permit). Everything is done remotely, even the bank account opening process. If you have a share capital which is at least 100,000 Singapore dollars, you can get an Employment Pass. Do they accept crypto capital injections for this purpose?
 
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#4
Rome said:
I will PM you
Click to expand...
Why PM - is it top secret ?

You can find information here
www.mom.gov.sg

Ministry of Manpower

Your source for manpower-related information and services in Singapore - includes work passes, employment practices, workplace safety and health and labour market statistics.
www.mom.gov.sg www.mom.gov.sg

It doesn't seem like there's a specific minimum or maximum amount of share capital required for a company to qualify for an Employment Pass in Singapore. Therefore, I conclude that in Singapore, as in all other countries, things need to be legitimate, and you need to have money to get approved.
 
#5
aage said:
Why PM - is it top secret ?

You can find information here
www.mom.gov.sg

Ministry of Manpower

Your source for manpower-related information and services in Singapore - includes work passes, employment practices, workplace safety and health and labour market statistics.
www.mom.gov.sg www.mom.gov.sg

It doesn't seem like there's a specific minimum or maximum amount of share capital required for a company to qualify for an Employment Pass in Singapore. Therefore, I conclude that in Singapore, as in all other countries, things need to be legitimate, and you need to have money to get approved.
Click to expand...
My source was from a service provider. That's why. I didn't want everyone to rush to them and ruin my chances.
 
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#6
Interesting, I would be quite surprised that an EP would be granted just because you put down 100k as share capital. I haven't tried to apply since 2019, but then they asked for plans to hire locals, investments etc. and it took quite a long time to get it issued. From what I've heard it's even harder nowadays.
 
#7
Rome said:
You can register a company in Singapore and apply for an Employment Pass (a temporary residence permit). Everything is done remotely, even the bank account opening process. If you have a share capital which is at least 100,000 Singapore dollars, you can get an Employment Pass. Do they accept crypto capital injections for this purpose?
Click to expand...
last time i looked, which is many years ago you need to pay yourself a salary worth 6k minimum which will eat up this 100k in short. I assume now its more.
That being said, creative solutions exist.

Doubt that the bank open remotely for a measily 100k. They didnt do it 10y ago either. Might get away with some cumbersome back and forth mailing of docs.
 
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