Can a Personalized Employment Pass (PEP) holder run his business in Singapore?
Personalized employment pass is only meant foreigners who are employed by a third-party company/employer. This means they cannot start their own company and be employed in it.
This pass is not for Business owners, which means you cannot start your own business in Singapore. You also cannot be a part of any entrepreneur activity.
Foreigner Package
New Company Setup
S$2,400
Local Package
New Company Setup
S$1,100
Transfer Package
Existing Company
S$1,000
Singapore Branch
New Branch Setup
S$4,000
Representative Office
New Setup
S$2,500
BVI Company
Singapore Bank Account
US$2,200
