Singapore Entrepass Services

Foreign entrepreneurs who wish to establish their company and reside in Singapore have two options to choose from: EntrePass and Employment pass. Each one has its own advantages in terms of ease of approval, processing period and mandatory requirements.

 

• EntrePass
• Employment Pass

The EntrePass, designed to facilitate the entry and stay of entrepreneurs who are ready to start a new business and who will be actively involved in the operation of the company in Singapore.

The EntrePass, with an initial validity period of up to 2 years will be issued upon the submission of a sound business proposal. The EntrePass also allows your immediate family to live in Singapore while you start and grow your business here. With the EntrePass you may leave and re-enter Singapore frequently with ease. It is renewable for as long as the business remains viable.

Criteria:

EntrePass applicants will be assessed on the credibility of their proposed Business Plan, which should include the objective or nature of the business, products or services to be offered; marketing strategies, development plans and milestones, projected sales turnover, intended amount of investment and staffing plan.

As of 28 Sept 2008, the EntrePass visa requirements have been changed to cater to genuine entrepreneurs intending to use Singapore as their spring board. With these new changes, EntrePass applicants will be assessed on their economic strengths based on contributions they can make in terms of total business spending including their ability to employ local staff.

The new conditions and requirements are as follows:

Company Setup:

Conditions for EntrePass applications:

 

• Company must be registered as a Private Limited Company
• Applicant to hold at least 30% shareholding in the company
• Company must have at least S$50,000 paid-up-capital
• Company must not be registered for more than six months at the point of EntrePass application.

For more information, please email us at enquiries@officeb.com.