What is the Appropriate Registered Capital for a Company Applying for Singapore Self-Employed EP

When applying for Singapore Self-Employed EP, there is no official minimum standard for the company's registered capital. However, the recommended amount for company registration capital is typically between S$150,000 and S$300,000. The higher the amount, the more helpful it is for EP approval, as it demonstrates the company's operational capability and financial strength.

The registered capital is mainly to prove that the company has sufficient financial capacity to pay the applicant's salary for at least one year and maintain daily operations. The bottom line principle is that the registered capital should be sufficient to cover the EP holder's salary. If the registered capital is too low, it may affect the EP approval, as the company needs to demonstrate its ability to operate sustainably.

Applying for self-employed EP not only requires meeting COMPASS scoring requirements, but also needs to consider multiple factors such as company conditions, personal background, age, and industry. Once an application is rejected, the chances of successful reapplication will be significantly reduced, therefore it is recommended to seek professional service providers for assistance.

If needed, please feel free to contact our customer consultants to provide you with professional personalized Singapore EP application solutions.