Singapore as a business hub
Considered as one of the developed economies of the world, Singapore holds a chest of opportunities for career development on various business segments. The national policy, more than decent standard living, ambient location and well-connectivity are some of the factors that add in favor for the nation turning into a business hotspot. For every aspirant desiring to travel to Singapore for business purpose, they need Singapore business trip visa which is the valid and sole document allowing any foreign national to do business deals or business purpose travels in the nation. This article details further about the entire application process.
Types of business visa
The following enlist the type of business visas that are available for foreign nationals to apply for, including India: -
- EntrePass, that allows any foreign national entrepreneur to successfully start a new business or expand his or her existing business in the nation. It is one of the sought after visas and has a higher range of requirements for the application like backing with angel investors, having a good business model and many more. This can be renewed annually.
- Investor visa, that is given to the foreign nationals who invest a minimum of 2.5 million SGD in any company and hence earn the ticket for a permanent citizen in the nation. The sole condition for the visa is that the business invested in must have a turnover of minimum 50 million SGD annually.
- Incorporation visa, which enables foreign entrepreneurs to set up a new business in the nation. It is quite similar to the previous two types, with little variations in the documents submitted during the application process and time of processing of the application.
- Business visit visa, which is meant for a temporary stay in the nation due to business activity representing a company and hence needs to have the proof of representation from the company.
The age of the internet has highly simplified the process of application of Singapore business visa for Indian citizens.
The documents required
Irrespective of the type of visa applied for, the following are the basic documents that are asked for during the application process: -
- A valid passport having a minimum of 6 months of validity and renewal in case of expiry of the passport
- A recent passport size color photograph clicked as per the specifications mentioned in the visa form
- The to and fro tickets in case of the business visa
- A cover letter from the existing company detailing about the employee details
- Photocopy of the invitation from the invitee company stating the purpose of visit
- Bank statements of the previous 6 months showing the financial stability of the individual
- Proof of the profession pursued by the individual
- Proof of stay of residence in Singapore i.e. hotel bookings or address of the known acquaintance in the nation
Apart from the above basic documents, there might be extra documents based on the type of visa applied for.
The process of application
Post preparation of the documents required for the application, the rest of the process includes the following steps: -
- Filling up of the basic personal, professional and travel details asked in the form correctly without any mistake
- Completion of the payment process via any of the online methods to confirm the process
- Re-checking of all the details before clicking on the final submission
- Receiving of the confirmation in the registered email id upon the final submission
Hence, the entire process of singapore business visa for indian nationals is detailed. The time of processing varies from the visa type and any queries can be answered by the officials of the visa office.
Note - The above guide is for information purpose only. We only provide assistance in tourist visa.