Company Formation in Singapore for Indian Citizens
Published by Corpy
https://corpy.xyz/singapore/company-formation/singapore-company-formation-for-indian-citizens
Corpy business-formation guide, fact-checked and corrected.
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Correction
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Before
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.
AfterMore 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.
Why: 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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