Singapore EntrePass - Eligible Foreign Entrepreneurs
Entrepreneurs of any nationality can apply for the Entrepass scheme, granting legitimate residency status in Singapore. Under the scheme, eligible Foreign Entrepreneurs who wish to establish and operate a new business in Singapore may proceed via the entrepreneur, innovator or investor routes.
- Register or plan to register a private limited company registered with ACRA.
- If registered, the company must be no more than 6 months old on the application date.
The company must have raised funding of at least SGD $100,000 from a government investment vehicle, venture capitalist (VC) or business angel that is recognised as legitimate by a Singapore Government agency. Note: a Shareholder certificate or other documentation must be submitted in support of the application to show significant business experience and a strong entrepreneurial track record.
Examples of Government Agencies include:
- Any Singapore-based Vertex Ventures.
- Qualified investors on the Start-up SG Equity Scheme.
- Venture partners on the Early Stage Venture Fund scheme including venture capital partners & corporate venture capital partners.
- The Innovator or Innovators Company must own a unique intellectual property right that holds a significant competitive advantage for the company or individual.
- The innovators company has ongoing research project with an institution under the Agency for Science, Technology & Research (with an A*STAR rating), or an Institute of Higher Learning in Singapore.
- The innovator must have exceptional technical or domain expertise in an area related to your proposed business.
- Investors must have a sound business track record or a proven background investing in businesses and a willingness to grow new or existing businesses based in Singapore.
- The investor must show substantial experience as a Senior Management Professional or Executive in a large corporation.
Note: As an EntrePass holder it is possible for immediate family members to apply for Dependent Pass application, subject to the following:
- You have renewed your pass (you cannot bring in dependent on your first application).
- Meet the minimum amount required of total business spending.
- Create the minimum number required of local jobs.
Eltoma has experienced Singapore-based HR Experts on hand to assist with all applications. Please see below for price details, and contact us for any further information or assistance in satisfying the requirements.
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