PIC Self-Employed EP Scheme

A Private Investment Company (PIC) is a private limited company registered in Singapore that engages in self-directed or third-party-managed investments in financial products locally or overseas. By serving as a shareholder, director, or professional investment manager, the applicant can obtain a Singapore Employment Pass (EP). The company’s main source of income comes from returns on financial investments, while its primary expenses include staff salaries and office operating costs. It is also eligible for tax exemption benefits available to new start-ups for the first 3 years.

1. Bachelor's degree or higher (subject to educational credential verification)
2. Ideally aged between 30 and 45 years old
3. Preferably has extensive experience in business, investment, or entrepreneurship
4. Recommended capital of at least SGD 1 million

1. Full control over investment products, with the freedom to invest globally
2. No foreign exchange controls, no estate tax, and no tax on shareholder dividends
3. Short processing time and low cost, EP application can be submitted immediately after company registration
4. Once EP is approved, applicants enjoy Singapore tax resident status, gaining access to low tax rates equivalent to local residents
5. Corporate tax in Singapore is a flat 17%, with 3 years of tax exemption for newly incorporated companies
6. Successful EP holders can independently serve as local directors, reducing company operational costs
7. With a local directorship, the risk of the company being shut down is reduced
8. No strict residency requirement
9. No minimum local expenditure or mandatory hiring of Singaporean employees
10. EP holders who meet the criteria may apply for Permanent Residency (PR)

*If the main applicant's monthly salary is SGD 6,000 or above, they may apply for a Dependent Pass for their spouse, and unmarried children under 21 years old.

*If the main applicant's monthly salary reaches SGD 12,000 or above, they may apply for a Long-Term Visit Pass for their parents.

1. Consultation and preparation of documents (approximately 1 week)
2. Company registration (approximately 1 week)
3. Preparation and submission of EP application documents (approximately 3 weeks)
4. Application for corporate bank account (2–3 months)
5. EP approval, the applicant can enter Singapore at any time to complete issuance procedures (approximately 2 weeks)

*Steps 3 and 4 can be carried out concurrently.