Eligible foreigners who wish to start a business and relocate to Singapore to operate their business can apply for an Entrepreneur Pass, or more commonly known as EntrePass, from the Singapore Ministry of Manpower (MOM). Specially designed for technopreneurs or those with research and development intensive enterprise, applicants must show that they can inject innovation and vibrancy into the Singapore's economy. Unlike Employment Pass, EntrePass focuses on applicant's professional qualifications rather than academic qualifications. Application for EntrePass is open to all nationalities.
Application for EntrePass can be made before incorporating the company in Singapore, and the applicant can apply for the pass directly or through an appointed employment agent . Once the application is approved, the applicant is given 30 days to incorporate the proposed company and inject the necessary capital.
To be eligible for EntrePass,
The assessment of EntrePass applications is more stringent compared to other work passes. All applications are evaluated on their own merits and case-by-case basis. Even if an applicant meets all of the above criteria, there is no guarantee that his EntrePass application will be successful.
The pass is usually valid for one year and is renewable, subject to meeting the necessary criteria. These include: how well the applicant has met the original business plan, the number of local full-time employees hired, and a total business spending of between SGD100,000 and SGD400,000 (depending on the number of years the applicant has held an EntrePass). No minimum salary, however, is required.
The following businesses are not eligible for EntrePass:
Foreign entrepreneurs who are not eligible for EntrePass may apply for Employment Pass (EP), provided they meet the necessary criteria. For more information, please visit our Employment Pass page.
To compare EntrePass with EP, please visit our Comparing EntrePass and Employment Pass page.
Foreigners who are successful in their application can also apply for Dependant's Pass for their families to come to Singapore to live with them, provided they meet the criteria set by MOM. They can also apply for Singapore permanent residency after two years if they wish to continue living in Singapore in the long term.
To apply, applicants need to submit the following documents:
EntrePass applications can be submitted at any Singapore Post branch. It takes about six weeks for the application to be processed.
As a licensed agent of the Singapore Ministry of Manpower (MOM), VOPlus has helped many foreigners successfully apply for EntrePass. Contact us for a consultation today.