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ENTREPASS

Key Facts

Who is it for?

Eligible foreign entrepreneurs who are keen to operate a business in Singapore that is venture-backed or possesses innovative technologies.

What is the minimum salary?

There is no stipulated minimum salary for EntrePass application. 

What is the duration?

For new pass and first renewal, pass is valid for 1 year. Pass is valid for 2 years for subsequent renewals. 

Any quota and levy?

No foreign worker quota and levy are required.

Who can apply?

Candidates can apply directly but it is recommended that you use an employment agent like First Konnection who is well-versed in the application process.

Is it renewable? 

Yes, it is renewable upon meeting the renewal criteria. 

Eligibility For EntrePass

EntrePass is open to all nationalities and citizenships.

Applicants can apply for an EntrePass if both conditions are met:

1. Have started, or intend to start, a private limited company registered with ACRA that is venture-backed or owns innovative technologies.

  • If registered, the company must be less than 6 months old on the date application is sent in.

  • If not registered, applicant can do so after the outcome of your application is known.
     

2. Meet any of the following innovative criteria as an Entrepreneur, Innovator or Investor listed below. Applicants do not need to meet all of the criteria for each respective profile, but having more qualifications would help in the application.

ENTREPRENEUR

  • The registered company has raised funding of at least $100,000 from a government investment vehicle, venture capitalist (VC) or business angel that is recognised by a Singapore Government agency.

  • The registered company is an existing incubatee at an incubator or accelerator in Singapore that is recognised by the Government.

  • The applicant has significant business experience or network and promising entrepreneurial track record of starting highly-scalable businesses and want to start and operate an innovative tech or venture-backed business in Singapore.

INNOVATOR

  • The applicant or the registered company holds an intellectual property (IP), registered with an approved national IP institution, which delivers a significant competitive advantage to the proposed business that cannot be easily replicated.

  • The registered company has an ongoing research collaboration with a research institution under the Agency for Science, Technology and Research (A*STAR), an Institute of Higher Learning (IHL) in Singapore.

  • The applicant has exceptional technical or domain expertise in an area related to the proposed business that is either venture-backed or owns innovative technologies.

INVESTOR

  • The applicant has a good track record of investing in businesses and want to grow new or existing businesses in Singapore by starting an investment-related company.

  • The applicant is willing to invest a substantial amount of money in other local tech startups and can provide supporting documents to show that you have one of the following:

       - A strong track record of investing in and driving growth of highly-scalable         

         businesses.
       - Plans (i.e. quantum, period and pipeline) to invest in other local innovative or               tech startups.

       - At least 8 years' experience as a senior management professional or executive 

         in a large corporation that can help to scale up local innovative or tech startups.

BUSINESSES THAT ARE NOT ELIGIBLE


The following businesses are not eligible for an EntrePass:

  • Coffee shops, hawker centres, food courts.

  • Bars, night clubs, karaoke lounges.

  • Foot reflexology, massage parlours.

  • Acupuncture, traditional Chinese medicine, herbal dispensing businesses.

  • Employment agencies.

  • Geomancy business.

Documents Required For Application

The following documents are required for the application of an EntrePass:

 

1. Personal particulars page of candidate’s passport.
 

2. Company’s latest business profile or instant information registered with ACRA.

3. If available, past employment testimonials in English or resume to elaborate on professional experiences, awards or recognitions.

4. A business plan in English (maximum 10 pages) consisting of:

  • Product and service offered

  • Market analysis

  • Operation plan

  • Profile of management team

  • Supporting documents, e.g. licensing agreements, product certificates and endorsement patents

5. Applicants will also need to submit the additional documents when submitting as an Entrepreneur, Innovator, or Investor..

EntrePass Renewal

Applicants can start applying to renew upon the receipt of the renewal form, about 3 months before the pass expires. The completed application and supporting documents must be submitted at least 2 months before the pass expires.

For first renewals, EntrePass can be renewed up to 1 year. For subsequent renewals, pass can renewed up to 2 years. 

Renewal Criteria

Applicants may be eligible to renew their pass if their company is registered with ACRA as a private limited company, and they:

  • Own at least 30% shareholding of the company.

  • Can provide proof of ongoing business activity.

  • Can provide proof that the business is venture-backed or owns innovative technologies.

  • Have created an individual profile and claimed their company profile on Startup SG Network (SSN)

  • Achieve business spending and create local employment as specified by MOM.

Our Package

EntrePass Application

$4,500

4,500

For EntrePass renewal and cancellation, get in touch with us to find out more.

Preparation of Business Plan

EntrePass Application Fee (Paid to MOM)

Card Issuance Fee Upon Successful Application (Paid to MOM)

Multiple Journey Visa Application (Paid to MOM)

Preparation and Submission of Application

Progress-tracking of Application Status

Liaise with MOM Officer

Submission of Additional Documents Requested by MOM

Booking of Appointment for Medical Examination

Medical Examination Fee (Paid to Clinic)

Updating of National Immunisation Registry (Paid to Clinic)

Arrangement for Fingerprint Registration & Photo-taking

Uploading of Documents for Pass Issuance

Submission of Appeal (If Required)

Card Collection on Behalf of Applicant

Chat With Us To Find Out More

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