Company Formation in Singapore for Indian Citizens

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1. 14 July 2026 · corrected by Emir Baycan

   Corrected the Indian population figure in Singapore, which had been overstated at 650,000; the accurate figure is approximately 360,000. Removed an unverified Entrepass "S$50,000 paid-up capital" requirement (this requirement was abolished in 2017 and no longer exists), and corrected the Employment Pass minimum salary from SGD 5,000 to SGD 5,600/6,200.

   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.

   After

   More 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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