EP Approval Chances Asking

Hi guys, I've been browsing on the forum about EP applications and couldn't find similar cases to mine so I wanted to post a topic to seek for more information and also for people to look up later on!


My basic information:

  1. Age: 24
  2. Qualification: None
  3. Nationality: Vietnamese


What makes my case a bit different:

  1. I own and run (full-time) a US LLC for over 4 years, and wanted to move everything to SG (both for personal and business reasons).
  2. I've incorporated a SG company. I'm the sole Shareholder and a Director of the SG company.
  3. The company's annual revenue is 1.7M USD (~2.3M SGD) and has 4 full-time staffs (no SG locals yet, but we are open to employ locals).
  4. My salary: 15k USD (~20k SGD).


Questions:

  1. What is the approval rate if I apply for an EP? I'm asking because I do not have any qualifications and EP application requires verifiable qualifications/degrees, I do only have over 4 years of experience which is from the company that I currently own since 20 years old - which is why I don't have a university degree as I decided to run the business full-time.
  2. The only upside I have is the high salary, however there seems to be a "conflict in interest" as I'm the owner which could have paid myself any amount, would there be an issue?
  3. Are there any benefits if we use an agency to apply EP on our behalf? Or should we just apply directly on MoM portal?


Thank you for taking the time and reading my post! Any inputs are highly appreciated.

Wow, yours really is a special case - we never had something similar on this forum, and thus can only offer some educated guesses:

  • There used to be a high salary threshold, above which the EP reuirements are waived and people with no qualifications could get an EP. If this still exists, the threshold is probably above S$20k/month now. Ask a professional service provider!
  • However, as you suspected, getting an EP in one's own company is doubly difficult - for exactly the reasons you mentioned. If anyone, a professional service provider (choose a good one, not a cheap one!) could possibly do the trick.
  • The EntrePass or an investor visa are the visa types intended for your situation. Why don't you consider those? (Again, ask the service provider whether this would work!)
  • And, last not least, in the murky world of Singapore immigration, with its many unpublished rules, bringing what Singapore needs and wants is crucial. You did not mention the nature of your business, but being in a declared strategic investment area is a definitive asset and could open doors that won't exist for others.

Good luck - you'll need some of that, too!

Hi @beppi, thank you for the super quick response! I did check the Entrepass however my case doesn't seem to fall under any eligibility as the numbers for those are really high, and my company is not a VC-backed, just a small-mid sized privately owned business. 1f602.svg


My business is not in the list of "wanted" industries by SG, which is what made it tougher, I went through most of the docs on MOM site already :(


Anything else that would potentially help in my case?


Thank you again for the speedy reply!

@eziop Well, what you found is that your business (small and uninteresting in their eyes) is not what Singapore wants to attract. Thus you will fight an uphill battle!

The best chance I see is expanding it to employ as many citizens and PRs (not other foreigners!) as possible - and then submitting a convincing business plan that shows the expected creation of more jobs for locals. That way, your business might become interesting to the Singapore authorities again.

@beppi That is actually what I've been planning, though it might be a multi-month process and not a quick one 1f602.svg


Thank you for your insight though! Much appreciated.