Singapore Entrepreneur Pass

EntrePass(Business Work Visa for Entrepreneurs)

The EntrePass is Singapore version of Employment Pass for foreign entrepreneurs who would like to start businesses and stay in Singapore.

Designed to facilitate the entry and stay of entrepreneurs who are ready to start a new business, the EntrePass, with an initial validity period of up to two years, may be issued upon the submission of a comprehensive business proposal.

Most Entrepreneurs will not have a problem getting an EntrePass, although this is very dependant on the followings:

Origin of thier country
Type of business (and business Plan)
Amount of capital investment
Local job creation
Your past work experience
Education level

Importance of Business Plan for EntrePass Application

Preparing a good business plan for your EntrePass is one of the most crucial aspects in getting your EntrePass Visa. A well thought out business plan helps improve your chances of getting a Singapore EntrePass.
Your business venture must demonstrate in a one-year period that it will meet the employment requirement of a minimum number of Singaporean or local workers; and with a Total Business Spending (TBS) of (Conditions below are extracted from MOM website):

P1 Pass - 8 local employees; TBS S$300,000
P2 Pass - 4 local employees; TBS S$150,000
Q1 Pass - 2 local employees; TBS S$100,000

Subsequent renewals of the EntrePass are contingent on meeting these requirements and on achieving the goals and objectives in the business plan. It is, therefore, extremely crucial to have a well drafted business plan.

Permanent Residence Eligibility

EP pass holders of P1, P2 and Q status are eligible to apply for Permanent Residence through Professional, Technical & Skilled Workers scheme. There is no designated waiting period but since one of the documents required is the salary record of 6 months, hence it is advisable to wait for at least six months prior to application. It is, however, advised to the Q1 pass holders to wait for at least 2 years before applying for permanent residence.

Procedure and Timeline

Step 1: Submission of application
Step 2: Approval In-Principle
Step 3: Submission of additional documents
Step 4: Assessment and Approval
Step 5: Collection of EntrePass

You may get a medical examination done in your own country through an established clinic/hospital or in Singapore. Most clinics in Singapore can provide medical examination and report within a day.

Entry Visa into Singapore

If you are overseas and require an entry visa to Singapore, your IPA letter will include a single journey entry visa. Upon your arrival in Singapore, we will make an appointment with Ministry of Manpower on your behalf for finger printing. Upon completing the procedures, your pass will be ready in 4 working days.

You may collect the pass at Ministry of Manpower personally or authorize us to collect it on your behalf.

EntrePass Validity

The validity period of an EntrePass varies for:

First-time applicants - Up to 2 years
EntrePass renewals - Contingent on meeting the requirements of the Total Business Spending and employment of local workers.

Renewals of Entrepass

Renewals of the EntrePass are contingent on meeting the requirements stipulated by Ministry of Manpower in which your business venture must demonstrate in a one-year period that it will meet the employment requirement of a minimum number of Singaporean or local workers; and with a Total Business Spending as how in the table below:

Entrepass Renewal Eligibility Summary

Pass Type	Criteria for Renewal	Number of Years Approved
P1	- Company to employ at least eight local employees; AND - Company to demonstrate TBS** of S$300,000 over the past 12 months	Two years if Net Asset Value is positive One year if Net Asset Value is negative
P2	- Company to employ at least four local employee; AND - Company to demonstrate TBS** of S$150,000 over the past 12 months	Two years if Net Asset Value is positive One year if Net Asset Value is negative
Q1	- Company to employ at least two local employees; AND - Company to demonstrate TBS** of S$100,000 over the past 12 months	Approved for one year for 1st renewal only; companies must upgrade to P by second renewal

Entrepass Vs Employment Pass

Categories	EntrePass	Employment Pass
Targeted People	It is designed for foreign entrepreneurs who may have an innovative business idea with potential economic prospects; or who may have demonstrated high caliber entrepreneurial traits with records of successful businesses even without the appropriate educational or specialist skills qualification.	It is meant for entrepreneurs who have tertiary educational diploma/degree, professional qualifications, specialist skills and related work experience. The Employment Pass is ideal for experienced professionals with enterprising ideas and who require a quick entry to kick-start their businesses.
Processing Time	25 to 45 days from the date of your Entrepass application filing.	1 day to 8 weeks from the date of your EP filing.
Eligibility and Assessment	Main criteria: Incorporate a company with the Accounting and Corporate Regulatory Authority no more than 6 months at the point of submission of the EntrePass application Own 30%-100% of shareholding in the company Have relevant experience and track record in creating and managing successful businesses Provide S$50,000 and above in paid-up capital for the new company Submit a 10-page business plan detailing business goals and strategy to accomplish required objectives of total business spending and to meet the quota for employment of Singapore workers.	Main criteria: Acceptable diploma/degree Professional qualifications Specialist skills Minimum monthly salary of S$2,800 Other factors which also play a very important role are: Salary of applicant Age of applicant Roles & responsibility Related work experience Reputation of the company Company paid up capital Applicant current citizenship
Validity	1-2 years	1-2 years
Renewability	Renewals of the EntrePass are contingent on meeting the two main requirements stipulated by the Ministry of Manpower: your business venture must demonstrate in a one-year period that it will employ certain minimum number of Singaporean or local workers; and reach the total business spending (TBS) for each category of EntrePass. P1 Pass - 8 local employees; TBS S$300,000 P2 Pass - 4 local employees; TBS S$150,000 Q1 Pass - 2 local employees; TBS S$100,000	Renewable as long as you continue to be employed by the company.
Permanent Residence (PR)	Eligible for application of Singapore Permanent Residence.	Eligible for application of Singapore Permanent Residence.

Our Services

We have a team of Auditors and specialist who can provide you an overview on what are some of the types of business visa and also advice on the types of business visa that best suits your needs:

Mr.Eric Eio ,Partner
-CPA & B.Com (Uni Of Sydney)

Contact Us/ Our Management

Tel:(65)6221 4711/ (65) 8484 8816

TESTIMONIALS

I'm very impressed by their quick and reliable response in our queries. They are professional in their job and provide great secretarial,auditing

-John Eng, Mtm Group Pte Ltd, SINGAPORE

Paul Hype Page & Co is a highly reliable company and their staffs serves us with sincerity. I applied my EntrePass with

-Zhang Wei Hua, Hearing Aid Centre Pte Ltd, China

Eric was very helpful and provides excellent advice on incorporating our Singapore Company.He is well-versed in Singapore Visa such as Employment Pass/PR.

-Mr Patel ,Global Impex Pte Ltd, India