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EntrePass

EntrePass is meant for entrepreneurs who would like to start a business in Singapore and relocate to Singapore to run business.

Eligibility

  • 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.
  • Proposed business venture must not be engaged in illegal activities

Due to added complexity as compared to normal Employment Pass applications, the processing time may take about six weeks from the date of receipt of the application. This is one of the reason why Employment pass is more popular than Entrepass.

The following documents are required for all EntrePass applications:

  • EntrePass application form ;
    • If the company/business has yet to be registered, state the proposed name and address in the application form.
    • The applicant must be sponsored by a well-established Singapore-registered company. The form must be endorsed with the company's stamp/seal and signed by both the applicant and an authorised officer from the sponsoring company. Alternatively, the applicant can furnish a Banker's Guarantee of $3,000 if the application is approved. The Banker's Guarantee will need to be issued by a bank based in Singapore, and it must be presented when the successful applicant collects the pass.
  • A copy of the applicant's past employment testimonials. (These should be translated into English if they are in another language);
  • A comprehensive business plan of not more than ten pages detailing Business idea, Product/service, Market analysis, Market plan, Operation plan, Financial projections, Management, Supporting documents – e.g. licensing agreements, product certifications, endorsements etc.
  • A copy of the company's latest Business Profile/Instant Information for company already registered / incorporated
  • A passport-sized photograph of the applicant (taken within the last three months); and
  • A copy of the personal particulars page of the applicant's travel document.

Prime would be please to assist in completing procedures required for obtaining entrepass Pass

 
 
 
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