It is mandatory for all foreign entrepreneurs to apply for the entrepreneur pass in Singapore if they wish to relocate to the country after their company incorporation. However, it is still possible for an overseas entrepreneur to apply for the employment pass if they are willing to wait at least six months from the date of their company registration.

Singapore is home to several international trading firms who operate a successful import and export business in the country. With more trading companies entering Singapore each year, the licensing requirements for import or export firms has been made simpler and each licensing requirement is well defined and straightforward.