Can a Newly Registered Company in Singapore Apply for EP Immediately?

As an EP application service expert, I'm often asked: Can newly registered companies in Singapore apply for EP?

The answer is: Yes, they can apply, but certain conditions must be met.

1. Feasibility of EP Application for Newly Registered Companies

Singapore's Ministry of Manpower (MOM) does not explicitly prohibit newly established companies from applying for EP for foreign employees. This means that as long as the company is legally registered and has adequate operational plans and resources, newly established companies can apply for EP for themselves or others. Many foreign entrepreneurs successfully apply for EP through setting up companies and self-employment to conduct business in Singapore.

2. What Conditions Must Be Met for EP Application?

While applications are possible, newly established companies need to provide more substantial documentation to prove the company's actual operational capability and the reasonableness of hiring foreign talent. Specifically, this includes:

1. Authenticity of Business Operations

• Company is registered in Singapore (typically as a Private Limited Company, Pte. Ltd.)
• Has a clear Business Plan
• Company has an actual office address (not just a virtual address for registration purposes)

2. Reasonableness of Employment Relationship

• EP applicant's position must match the company's main business
• Applicant should have relevant educational background and work experience
• Salary must meet EP's minimum salary requirements (increases with age, averaging above SGD 9,000)

3. Company Resources and Employment Capability

• Startups are recommended to prepare at least 12 months of operating funds
• Provide company bank account statements and explanation of initial investment fund sources
• Explain why foreign employees are needed instead of locals

3. Is Self-Employment EP Feasible?

If you are the company's founder or sole shareholder, you can also apply for EP for yourself through the company. This method is commonly called "Self-Employed EP". This application method requires even more rigor. In addition to the above materials, it's also recommended to:

• Company must have a clear and executable business model
• Company operational plan should include medium-term goals for hiring local employees
• Have strong financial preparation and startup capital support

4. How to Improve EP Application Success Rate?

For newly established companies, EP applications are more likely to be questioned by MOM. Therefore, it's recommended to:

• Submit a detailed business plan including market analysis, target customers, products/services, revenue projections, etc.
• Provide initial customer contracts or cooperation letters of intent
• Use licensed local Singapore corporate service providers to assist with the application, ensuring professional and compliant documentation

5. Conclusion

Newly registered companies in Singapore can apply for EP for foreign employees or founders, but compared to companies with operational history, more documentation is needed to prove the company's actual operational capability and employment necessity. If you plan to develop in Singapore by establishing a company, it's recommended to plan early, prepare adequately, and seek assistance from professional service providers to improve EP application success rates.

For more information about "EP Application Process", "Self-Employment EP Setup Plans", or "Company Registration and Subsequent Operational Compliance", please contact our consultant team. We will provide you with professional one-stop service support.

View our business introduction for self-employment EP services