What is an Singapore Entrepass?

The Entrepreneur Pass also known as the Entre pass, is a work visa for foreign entrepreneurs who are looking to incorporate and set up their businesses in Singapore. This pass is mainly for innovators and investors  especially those in R&D corporation who will benefits Singapore in terms of innovation.

 

EntrePass – In a nutshell

  • No minimum required salary
  • It lasts 1 year and is renewable
  • No worker levy imposed and/or quota required
  • Successful applicants can bring in immediate family and parents with terms and conditions

 

EntrePass – The Requirements

  • Applicants need to beat least 21 years old
  • Intention to set-up, or have already incorporated a company (Company has to be less than 6 months old at time of application)
  • Demonstration of innovation in business plans and likely to extend jobs to local workforce
  • Applicants need to own at least 30% of shares in the company

 

There are three categories namely, Entrepreneur, Innovator and Investor which the applicant must fall under to be eligible for the EntrePass with its own specific requirements:

 

 Entrepreneur:

  • Receive at least S$100,000 funding from a recognized capitalist or business angel
  • Company is an incubate at a government approved company (Incubator/ Accelerator)
  • The company has and possesses a good and long track record of growth and performance

 

 Innovator:

  • Company holds a national level recognized licensed intellectual property
  • Demonstration of exceptional skill level with significant accomplishments in industry with supporting documents
  • Research collaboration with recognized institutions in Singapore

 

Investor

  • Excellent reputation, good track record of investing or wish to invest in an existing or new company in Singapore

 

Together with the above requirements, applicants must also fulfil the following

  • Incorporate a Private Limited Company (must be less than 6 months old at time of application)
  • Have relevant and successful experience in entrepreneurship
  • A business plan of at least 10 pages with business goals and objectives in details

 

Businesses are not eligible for an Entrepass:

  • Coffee shops, hawker centres, and food courts
  • Bars, night clubs, and karaoke lounges
  • Foot reflexology practices and massage parlours
  • Acupuncture, traditional Chinese medicine, and herbal dispensing businesses
  • Employment agencies
  • Geomancy businesses

For more information about the EntrePass, contact us and/or  visit the Ministry of Manpower website.