Do you have a burning desire to live in a particular country?
Then you need to get a long-term visa.
And it turns out that even in times of global mobility and affordable travel, getting a long-term visa is an obstacle.
However, there is a relatively new option for those who work for a foreign company.
It is a remote worker visa.
It is issued to the professionals who work for companies located outside the destination country.
And that's what you may need a Singapore company for.
The key aspects in applying for a remote worker visa are proof of overseas employment and meeting the employment income criteria.
What to do if you are a freelancer or working part-time for multiple employers?
Even if your combined income exceeds the amount required to apply for a remote worker visa, you still may not have a formal basis, as this income is supposed to come from one employer.
Setting up a Singapore company is the best possible solution.
Why Singapore?
- Highly reputable jurisdiction – no questions asked.
- All documents are in English – foreign countries either accept them as is or request a translation, which can be easily arranged.
- When necessary, the incorporation documents can be apostilled in Singapore to be accepted in the destination country.
- Affordable costs to set up and maintain – annual reporting (compared to quarterly in other countries) and small companies' exemption from audit.
- Tax incentives - will discuss in a separate post.
Why is this option better than the others?
Currently, remote worker visa programs are available in 41 countries, including popular nomad destinations, such as the UAE, Indonesia and Thailand.
Additionally, you can apply for long-term stay visas in exotic countries, such as Mauritius, Sri Lanka, and Barbados.
Even conservative and closed countries, like Japan and Norway, allow remote workers to stay there.
Last but not least:
If the country of your dream doesn't offer long-term visas for remote employees, there still may be a chance to use your Singapore company for relocation.
Please send us a direct message to check options for your desired destination.
