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;-
- Register a Private Limited Company
- 1 minimum shareholder with at least 30% shareholding in the company
- 1 Resident director
- 1 Company secretary
- Paid-up capital of 50,000 SGD
- A valid local office address
- Have relevant experience and knowledge on how to run a company
- Have a operational business plan with attainable goals and objective
- 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
- Provide assistance and knowledge about the entrepreneur pass/eligibility assessment
- Application of EntrePass
- Drafting and preparation of required documents such as business plan
- Liaising with relevant authorities and keep track of application progress
- Register the private limited company when the entrepass is in principle approval
- Aid in fulfilling the requirements of incorporating the company
- 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.