Correction: Company Formation in Singapore for Indian Citizens
Corrected by Emir Baycan · Full-Stack Developer, Mobile App Builder and Web Platform Founder with expertise in SEO, automation, SaaS, AI visibility, DevOps and scalable digital products
Emir Baycan found something wrong, outdated, or unsupported on this page and proposed a fix. The publisher accepted the correction.
The exact change
More than 650,000 people of Indian origin live in Singapore, nearly 9% of the resident population is ethnically Indian... The EntrePass is the entrepreneur route. It requires a minimum of S$50,000 in paid-up capital, a ready-to-operate business plan, at least 30% equity held by the applicant... To qualify, the applicant must earn at least S$5,000 per month.
More than 360,000 people of Indian origin live in Singapore, nearly 9% of the resident population is ethnically Indian... The EntrePass is the entrepreneur route. It has no minimum paid-up capital requirement (the old S$50,000 rule was abolished in 2017), but requires a ready-to-operate business plan, at least 30% equity held by the applicant... To qualify, the applicant must earn at least S$5,600 per month.
Suggested change
Corrected the Indian population figure in Singapore, which had been overstated at 650,000; the accurate figure is approximately 360,000. Removed a fabricated Entrepass "S$50,000 paid-up capital" requirement (this requirement was abolished in 2017 and no longer exists), and corrected the Employment Pass minimum salary from SGD 5,000 to SGD 5,600/6,200.
Why this is better
The article overstated the Indian-origin population in Singapore by roughly 2x (650,000 vs the correct ~360,000), wrongly claimed EntrePass requires S$50,000 paid-up capital when that requirement was abolished in 2017, and used a stale Employment Pass minimum salary figure (S$5,000 instead of the current S$5,600).
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