If you are a foreigner who has set up or are planning to set up a company in Singapore, should you apply for an Entrepreneur Pass (EntrePass) or Employment Pass? The answer depends on many factors, including the type of business your company is involved with, your academic qualification, etc. Here is a table that compares the two types of work pass.
|Entrepreneur Pass (EntrePass)||Employment Pass (EP)|
|Academic qualification||Suitable for those with no tertiary level qualification but with proven successes in business.||A good university degree, professional qualification or specialist skills.|
|Salary||No minimum||At least SGD3,600 per month|
|When to apply||
|Processing time||4 - 6 weeks||7 days - 5 weeks|
|Validity||1 - 2 years||1 - 2 years|
|Eligible for PR application?||Yes, usually after 2 years, subject to approval||Yes, usually after 2 years, subject to approval|
|Eligible for to apply for Dependant Pass?||Yes||Yes|
Subject to the following criteria:
|Applicant is still employed by the company|
As a licensed agent of the Singapore Ministry of Manpower (MOM), VOPlus has helped many foreigners successfully apply for S Pass. Contact us for a consultation today.