Everything you need to know about Singapore’s Entrepreneur Pass

Commonly asked questions about Singapore's Entrepreneur Pass

With its progressive infrastructure and affinity for technology, Singapore is a major attraction amongst savvy and ambitious professionals. Suppose you’re an entrepreneur who has been eyeing this island state as a potential locale for your next international business venture. In that case, you may be the perfect candidate for the Entrepreneur Pass.

This article addresses some of the most common questions regarding the key requirements and EntrePass application process, including:

• What is an Entrepreneur Pass?
• What are the EntrePass Singapore requirements?
• What documents do I need to apply for the Entrepreneur pass?
• What is the application process like?
• How long will it take?
• I’ve been approved as an EntrePass holder. How do I collect my pass?
• Does the EntrePass allow me to bring my family to Singapore?
• How much does the Singapore EntrePass cost?
• Do I need to register my company in Singapore before applying for an Entrepass?
• Am I eligible for a Singaporean permanent residency with an EntrePass?
• What should I do if my EntrePass application is rejected?
• Get expert advice on EntrePass applications from Airswift

What is an Entrepreneur Pass?

An Entrepreneur Pass is a scheme that allows foreign entrepreneurs to start a new business in Singapore and relocate there. The business can be backed by venture capitalists or by its innovative technologies. It is part of Singapore’s effort to attract international talent to establish itself as a business hub. It is also commonly referred to as an EntrePass.

Do I qualify for an Entrepreneur Pass?

To get EntrePass eligibility, you must fulfil several criteria. The EntrePass is open to individuals of all nationalities who meet the following conditions:

• Aged 21 years and above
• Willing to relocate to Singapore to run their proposed business
• Have a business proposal that is entrepreneurial and able to create employment opportunities
• Business must be registered with ACRA as a Singapore private limited company
• If a business is already registered, it must be no older than six months old from the day of the application
• If the business is not yet registered, you can do so upon learning about the results of your application.

The applicant for the EntrePass should fit into either one of the categories below to qualify for an EntrePass:

Entrepreneur

• Have funding of at least $100,000 from a VC or a business angel investor that the Singaporean government recognises
• Is incubated by a government-recognised incubator or start-up accelerator
• You must have a business network and an entrepreneurial track record

Innovator

• You hold the intellectual property
• You have research collaborations with a Singaporean research institution or institute of higher learning.
• You possess a record of extraordinary achievement in your field of expertise.

Investor

• You have a track record of investing in businesses and have plans to grow either new or existing businesses based in Singapore.

Businesses not eligible for EntrePass

Several types of businesses do not qualify for EntrePass. You can see the full list below.

• Coffee shops, hawker centres, food courts
• Bars, nightclubs, karaoke lounges
• Foot reflexology and massage parlours
• Traditional Chinese medicine (TCM), acupuncture, and herbal dispensaries
• Employment agencies
• Geomancy businesses
  

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What documents do I need to apply for the Entrepreneur Pass?

If you’ve already gone through the above points and checked all the necessary boxes, you’re one step closer to getting an EntrePass. Now is the time to start compiling all the documents you need to file your application.

These are the complete set of documents you will need:

• A passport-size photo taken in the last three months
• A copy of the personal particulars page inside your passport
• A completed EntrePass application form
• A business plan with a maximum of 10 pages containing information on the product and service offered, market analysis, operation plan, the profile of the management team, and any supporting documents such as patents, licensing agreements, etc
• Any documentary evidence of your previous employments and business ventures that can be used to vouch for your achievements, awards and so on
• Any documentary evidence to support your fulfilment of either the entrepreneur, investor or investor categories such as shareholder certificates, media publications, IP registration and more)

Singapore’s Ministry of Manpower website features a detailed breakdown of the documents required for each EntrePass applicant category.

You must submit a copy of the original and translated versions for documents not provided in English.

What is the application process like?

Once you’ve managed to compile all the necessary documents, you can file your application with the Ministry of Manpower (MoM) at any SingPost branch, or you can do it online by following the steps below:

1. download the application form on their website ( for online submissions),
2. complete the application form online to generate a bill reference number
3. print out and sign the application form,
4. make a payment for each application using PayNow (the application will be processed after payment has been made
5. apply online via Singpass.

Your application must include the following:

• Completed and signed the application form
• Screenshot of the banking page confirming your payment
• Supporting documents listed in the application form

How long will it take?

The application process can take up to eight weeks, during which you may check your application status online. You will receive an email containing the in-principal approval (IPA) upon approval. The IPA gives all approved applicants six months to come to Singapore to claim the pass.

I’ve been approved as an EntrePass holder. How do I collect my pass?

You must be in Singapore upon the pass being issued. You can collect it yourself if you have a Singpass or appoint a company representative or employment agent.

The pass can be issued online via EP Online (for SingPass holders or if you have an employment agent) or over the counter. You must make an appointment with the Employment Pass Services Centre (EPSC) for the latter.

These are the documents you will need to collect your EntrePass:

• Your passport details.
• Details of your current Short Term Visit Pass or immigration pass.
• Your residential address in Singapore
• A local address for your card to be delivered
• Contact details of at least one authorised recipient

You should also have copies of these on hand:

• Disembarkation / Embarkation card (immigration white card).
• Completed medical examination form or health declaration form.
• The completed declaration form is attached to your IPA letter.

If required, you must register your fingerprints and photo with the EPSC. You will receive your EntrePass card within four working days of registering and verifying your documents.

Does EntrePass allow me to bring my family members to Singapore?

Two different types of passes can be used by the families of EntrePass holders to relocate to Singapore. They are:

The validity of these passes is similar to that of the EntrePass and can also be renewed along with the EntrePass.

However, for EntrePass holders to be eligible for either the Dependant or Long-term Visit Pass, they must fulfil the below requirements.

• Copies of your company’s latest audited annual accounts
• Three months of CPF statements showing that you have been paying employees.

How much will the Singapore EntrePass cost?

The fee is $105 for each application on an EntrePass. Upon a successful application, the fee is $225 for EntrePass.

Do I need to register my company in Singapore before applying for an EntrePass?

No, you don’t. You can begin registering your company once your EntrePass application is successful. Once you have received your IPA letter, you can register your company with ACRA, open a corporate bank account and bank in any necessary share capital.

Be sure to do this within 30 days of your application being approved. Upon registering your company, contact the MoM to ensure these details are updated in your EntrePass status before receiving your Entre Pass card.

For applicants who have successfully registered and are growing their team, our hiring solutions portal is a great way to get started on your talent acquisition journey here in Singapore.

Am I eligible for a Singaporean permanent residency with an EntrePass?

One of the EntrePass Singapore benefits is that EntrePass holders may be eligible for a Permanent Residency after some time. This can be done via the Professionals/Technical Personnel and Skilled Worker scheme. Viable candidates can apply for this through the Immigration and Checkpoint Authority (ICA).

The EntrePass holder should be able to provide evidence that they are operating an innovative business capable of adding value to Singapore’s economy.

All candidates will be evaluated according to their age, qualifications, how long they have been in Singapore and the company’s financial well-being.

What should I do if my EntrePass application is rejected?

If your application for EntrePass has been rejected, you can file an appeal within 90 days of the rejection notice. The appeal will usually take up to 8 weeks to be processed. You may enlist the help of a professional firm to help you with your appeal.

Get expert advice on EntrePass applications from Airswift

The EntrePass application process can be complex, and if you find yourself at a standstill on how to proceed, Airswift is here to help you. Our Employer of Record (EOR) team comes fully equipped with all the information you need to ensure a seamless process.

Reach out to us today to learn more about the different types of services we offer expats looking to relocate and expand their business internationally.