Mr. W, a 70-year-old entrepreneur with 20 years of experience in the international education sector, was successfully approved for the Singapore Self-Employment Pass (EP) in just 3 months.From China to Southeast Asia, how this education pioneer used Singapore’s springboard to achieve globalization breakthrough?precise positioningBusiness Opportunities in International Education Pain PointsMr. W holds a master’s degree and founded an education group in his early years that has covered study abroad planning, curriculum development and cooperation with overseas institutions, serving more than 5,000 students annually.However, with the surge in demand for international education in Southeast Asia (the international school market in Southeast Asia is at US$4.8 billion*), the traditional cross-border service model is facing three major bottlenecks:1. Fragmentation of resources:reliance on intermediaries for institutional cooperation and insufficient localized service capacity;2. Policy barriers:The standards for educational accreditation vary greatly from country to country;3. Talent gap:internationalized teachers and operation team are difficult to form.“Singapore’s international DNA and talent hub status can help us restructure our business chain.” Mr. W admits.EP Application AttackSpecialized Programs to Crack Three Major ChallengesTo meet the stringent requirements of Singapore’s Ministry of Manpower (MOM) for self-employed EPs (salary ≥ S$5,500/month, business authenticity and sustainability), we customized a three-fold strategy for Mr. W:1. Entity on the ground: building a Southeast Asian headquartersIncorporation of Singapore company with registered capital of S$500,000 and rented CBD office space;Business planning focuses on the “Singapore-China-Southeast Asia” triangle of resource integration, such as the introduction of Singapore’s STEM curriculum to the Malaysian branch.2、Talent matrix: highlighting the influence of the industrySort out the three international education industry standards that Mr. W has been involved in developing;Produce supporting documents such as student cases and memoranda of institutional cooperation to strengthen professional authority.3. Policy adaptation: bundling Singapore’s development needsThe business plan emphasizes “bringing top education talent to Singapore” (with a plan to hire 8 local staff in 2 years);Matchmaking with Singapore’s Economic Development Board (EDB) Education Technology Incubator Program to enhance government trust.
Photo/Mr. W’s EP was successfully approved, stolen image must be punished!
Layout after approvalBuilding a Globalized Education EcosystemIn November 2023, Mr. W formally obtained his EP and his Singapore company quickly initiated three major moves:1. Establishment of a teacher training center:development of a teacher certification course in cooperation with Nanyang Technological University;2、Digitalization platform on line:students can match the resources of institutions in 30 countries through the AI system, and the application efficiency is increased by 40%;3, seize the Southeast Asian market:set up the first overseas service center in Jakarta, Indonesia, with the goal of covering six ASEAN countries within three years.“EP is not the end point, but the fulcrum of the globalization strategy.” Mr. W said his next step will be to apply for a family office in Singapore to achieve a dual-track approach to education and capital.Photo/Screenshot of Mr. W’s positive review of his account manager, stolen image!Your Singapore OpportunitiesProfessional empowerment for cross-border entrepreneurshipMr. W’s case proves that self-employed EP in Singapore is not unattainable. If you are one of them:Proven business experience;Clear local contribution program;Compliant payroll and business structure;We can provide you with one-stop solutions from EP application, company registration to resource matching to help you replicate your success!Contact us today for your EP application program to capture the dividends of Southeast Asia’s development!Note:References are from MOM Singapore, Frost & Sullivan’s “Southeast Asia Education Market Report”), synthesized from Mr. W’s dictation, reproduced with attribution.
