Who can set up a sole proprietorship in Singapore

A sole proprietorship is a popular business structure in Singapore that is relatively simple to set up. It is suitable for individuals who wish to run a business on their own. Here’s who can set up a sole proprietorship in Singapore:

1. Singapore Citizens: Singapore citizens who are at least 18 years old are eligible to establish a sole proprietorship.
2. Permanent Residents: Permanent residents of Singapore, aged 18 and above, are also eligible to set up a sole proprietorship.
3. Foreigners: Foreigners can establish a sole proprietorship in Singapore, but they are required to appoint a locally resident manager if they do not have a valid Employment Pass, Dependent Pass, or Long-Term Visit Pass.
4. Pass Holders: Individuals holding a valid Employment Pass, EntrePass, Dependent Pass, or Long-Term Visit Pass may also set up a sole proprietorship.