Who Should Not Apply for Singapore Self-Employed EP

Although Singapore Self-Employed EP is a pathway to attract highly skilled foreigners and entrepreneurs, it is not suitable for everyone. The following types of people are not recommended to apply for Self-Employed EP:

1. People who lack entrepreneurial or company management capabilities

Self-Employed EP requires applicants to establish a company in Singapore and self-employ themselves. Therefore, people who lack business management experience, have unclear business plans, or are unfamiliar with the Singapore market may find it difficult to maintain company operations. Once the company cannot operate normally, both EP renewal and PR applications will be affected.

2. People without sufficient financial support

When applying for Self-Employed EP, the company's registered capital is recommended to be between S$150,000 and S$300,000, and sufficient funds are needed to maintain the company's daily expenses and pay the EP holder's salary. Without adequate financial reserves, the company may struggle to be profitable in the short term, which will lead to operational difficulties.

3. People who do not meet COMPASS scoring requirements

Singapore Self-Employed EP applications must meet COMPASS scoring requirements, including factors such as company size, industry sector, applicant's background, and age. Applicants who cannot meet the scoring requirements will find it difficult to get approved, even if other conditions are met.

4. People who are too young

Applicants who are young and lack extensive work experience, lacking proof of management and company operation capabilities, are likely to have their applications rejected.

5. People without long-term settlement plans

If applicants only plan to live in Singapore for a short term without plans to establish roots, then Self-Employed EP may not be the most suitable choice. Self-Employed EP holders typically need to demonstrate long-term residence intentions in Singapore and commitment to stable company development.

6. People over 50 years old without special contributions

Older applicants face greater difficulty when applying for Self-Employed EP. Unless they have special achievements or resources in their industry, it will be difficult to succeed in future PR applications. Applicants over 50 years old should be particularly cautious when considering whether to apply for Self-Employed EP.

Summary

Applying for Singapore Self-Employed EP requires meeting multiple conditions, including entrepreneurial capabilities, financial reserves, English proficiency, and COMPASS scoring requirements. It is recommended that applicants fully understand their own conditions before deciding whether to apply. If you need assistance, please contact our customer advisors, and we will provide you with professional application assessment and personalized Self-Employed EP solutions.