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Singapore EntrePass Application
Effective 3 August 2017, key enhancements to the EntrePass scheme are:
EntrePass is suitable for a foreign entrepreneur who possesses strong enterprise experience and wishes to set up a new business in Singapore. He/she will need to be actively involved in the operation of the company/business in Singapore. The foreign entrepreneur can incorporate a Singapore Private Limited (Pte. Ltd.) company and act as the sole local director of their Singapore company if their application for an Employment Pass under the EntrePass Scheme is approved by MOM and SPRING Singapore.
The initial Singapore EntrePass granted is valid for up to 1 year and is renewable from thereon (for up to 1 year for each renewal), provided all the criteria are met. There is no requirement to have a Singapore resident shareholder on board for this scheme. However, it is important to have a substantial initial paid up capital of at least S$50,000 to show financial commitment towards running your business.
New Application Eligibility Requirements
The business must qualify at least one of these requirements:
Examples of businesses that will not be considered for the EntrePass include:
Documents Required
The following documents are required for an EntrePass Application:
Companies / businesses registered with the Accounting and Corporate Regulatory Authority (ACRA) must produce:
Processing Time
The processing time for an EntrePass is around 8 weeks from receipt of the application and it must be submitted manually (over the counter at any SingPost branch). Please note that there is usually a delay of 7 to 10 days from when applications submitted to SingPost and acknowledged as received by MOM/Sprint Singapore.
Note
RenewalsProgressive Renewal Criteria Framework:
To ensure contributions of EntrePass holders commensurate with the number of years of business operation in Singapore, MOM has introduced a progressive renewal criterial framework which all EntrePass holders have to meet:
For EntrePass application applied before 28 September 2009, applicants need to meet all the renewal criteria starting from the first year. This applies to all the EntrePass renewals from 1 September 2014 onwards.
For EntrePass application applied on or after 28 September 2009, applicants need to meet the renewal criteria based on the number of years they have held the pass.
Additional Notes:
If there is a change in the nature of the entrepreneur's business during the validity of the pass, he/she will be required to notify the Work Pass Division.
Documents Required for EntrePass renewal applications:
The following optional documents may also be submitted to support for renewal applications:
Passes for family members:
An EntrePass holder may bring in Singapore certain family members only if they meet the following requirements:
The requirements for total business spending and local jobs created are:
The pass types for different family members are as follows:
For candidates applying for a Dependant's Pass
In addition to the documents required for a Dependant's Pass application, applicant is required to do either one of the following:
All Dependant's Pass applied under EntrePass scheme must be submitted manually, over the counter at any SingPost branch.
PB Corporate Services Pte. Ltd. has an experienced team of professionals to assist you with writing the business plan for your EntrePass application, as well as the set-up of your new Singapore Company or business.
For further assistance and/or enquiries on our service fees, please contact our consultants directly.
All work pass/visa services will be provided by immigration specialists from our EA Licenced entity, |
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