SINGAPORE ENTREPRENEUR PASS

Commonly known as EntrePass

Aims to foster entrepreneurship and innovation in Singapore. Designed primarily for entrepreneurs with primary focus on technology and R&D-intensive enterprises, the Entrepreneur Pass scheme offers a route to incorporation and relocation to the city-state. It is a visa for entrepreneurs who are ready to incorporate and run a new private limited company in Singapore.

 

Has a slightly different requirement as follows;-

  1. Register a Private Limited Company
  2. 1 minimum shareholder with at least 30% shareholding in the company
  3. 1 Resident director
  4. 1 Company secretary
  5. Paid-up capital of 50,000 SGD
  6. A valid local office address
  7. Have relevant experience and knowledge on how to run a company
  8. Have a operational business plan with attainable goals and objective 
  9. Individual must meet criteria as follows;

       *compulsory to fulfill at least one of the following in order to be eligible for successful application: 

  • Have at least $100,000 monetary funding from a recognized venture capitalist or angel investor
  • Hold a nationally-recognised Intellectual Property (IP)
  • Has research collaboration with recognised research institutions
  • Is an incubatee at a government-approved incubator
  • Receives support from a Singapore government agency
    HOW WE DO IT?

    Process – Steps 

    1. Provide assistance and knowledge about the entrepreneur pass/eligibility assessment 
    2. Application of EntrePass
    3. Drafting and preparation of required documents such as business plan
    4. Liaising with relevant authorities and keep track of application progress
    5. Register the private limited company when the entrepass is in principle approval
    6. Aid in fulfilling the requirements of incorporating the company
    7. Collection of Pass and you are all set

    Additionally, upon  approval, applicants must submit the following within 6 months of receiving the EntrePass:

    • Tenancy contract or employees’ CPF statements; and
    • Latest ACRA business profile.