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The Entrepreneur Pass (EntrePass) route to Singapore is proposed for certain qualifying investors and business owners, great calibre innovators or experienced investors who want to start a business and relocate to Singapore. This scheme is the basis of Singapore’s goal of attracting talent to the country’s shores and to emerge as the regional hub for world-class companies.
An Entrepass can only be obtained by a business owner if this candidate has not registered a private limited company in Singapore yet, or if the already registered business is not more than 6 months old under documents.
Entrepass applicants can apply for a dependent pass or a long-term Pass to bring their close family members and dependents along but for 2 years at a time only. However this pass, called the Dependant Pass/ LTVP, is not available in year 1.
To be eligible for an Entrepass, the main points are:
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Besides these main points, you also need to follow minimum criteria under one of the three categories which are mentioned below:
Certain businesses in Singapore are not allowed to get an EntrePass as a matter of policy:
The business candidates must submit these documents for their Entrepass application:
You can easily file your Entrepass application with the Singapore Ministry of Manpower (MOM) via over-the-counter submission at any branch of SingPost (Singapore’s post office.
Your Entrepass application takes about eight weeks to process where it will be reviewed jointly by the MOM and government partner Agencies such as the Standard Productivity and Innovation Board of Singapore (SPRING), and SGInnovate. It could, in general, take 8 days to process your application by these authorities.
Once you compile and collect all your necessary documents for Enthe trespass application with the Ministry of Manpower(MOM) at any branch of SingPost Or you can do it online by following the steps below:
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It could take up to 8 weeks to process your application.
Yes. Once your application has been approved you will receive a letter that is essentially an In-Principle Approval letter (IPA letter) at your Singapore Company registered office. Have this letter routed to you and travel to Singapore. You will be issued a special Singapore Visa just to perform this act.
Show a recognized medical certificate for health purposes and the IPA letter to the authorities in Singapore at the MOM office and collect your EntrePass within 6 months from the date your receive the IPA.
If your application has been rejected by government Agencies, you can again file an appeal within 90 days of your rejection notice. Entrepass appeal applications are usually processed within 8 weeks of submission.
Entrepass application nominees or candidates are qualified for the Permanent Residence application in due course, which is managed by immigration authorities in Singapore.
When filing a Permanent Residence application, you should demonstrate that you are holding a viable business and that you will not become a monetary or financial burden on the Singapore government.
While the Employment Pass or EPass allows qualified personnel to serve as CEOs, managers, or experts in their fields, the EntrePass allows entrepreneurs of all hues to set up and run a business within Singapore. The latter category, if he/she is not eligible as an innovator or entrepreneur with a stellar history, just has to show that either he/she is backed by legitimate investors (previously registered companies/recognized incubators, accelerators, accredited mentors, etc. from Singapore. Academic qualifications are also more relaxed.
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