Re:Poll: HN readers, where's your residence?
by mahyarm on Thursday December 01, 2011 @05:10PM
(#3301617)
How about singapore? They have programs like EntrePass and a very good K-12 math program.
Re:Poll: HN readers, where's your residence?
by mahyarm on Thursday December 01, 2011 @05:10PM
(#3301616)
How about singapore? They have programs like EntrePass and so on.
Re:Poll: HN readers, where's your residence?
by nekojima on Friday December 02, 2011 @01:12PM
(#3304988)
We did begin one start-up in Singapore, though not using EntrePass, as that required paid-up capital of at least S$50,000 and actually an operating company with bank account before applying for Entrepass. Unless there is a local partner willing to set these up ahead of time, makes using this program more difficult, especially if you want to do a low-cost start-up. There is also usually the requirement of paying the founder(s) a minimum salary to qualify for the visa, so that can artificially increase the amount of paid-up capital required in advance, some of which is then lost to govt coffers. I'd prefer to not pay myself & founders a salary and use my current/chequing account to pay those expenses.
SIN was one of the easier places in general to operate. Through the use of long-term social visas and frequent travel to Malaysia (JB for an hour or a day) for monthly tourist visa. Registering a business was quite easy too.
I have tried start-ups in several Asian countries, and have assisted friends with other attempts, so have faced these issues repeatedly.