Guide to Obtaining an Entrepreneur Pass in Singapore

An EntrePass, also known as an Entrepreneur Pass or an E Pass, is a work visa program designed to attract foreign innovators and entrepreneurs to start their businesses in Singapore. It offers a pathway for talented individuals to launch and develop their startups, contributing to Singapore's vibrant startup ecosystem. The Entrepreneur Pass vs Employment Pass argument makes it clear that the EntrePass is geared towards entrepreneurs, while the Employment Pass is more suited for established professionals, such as executives and managers.

The EntrePass scheme has further enhanced the country's appeal by providing a streamlined process for foreign entrepreneurs to obtain the necessary permits and support to bring their innovative ideas to life.

With its strategic location, world-class infrastructure, and robust legal framework, Singapore has become a hub for startups across various industries, including technology, finance, healthcare, and more. The EntrePass Singapore program aims to attract individuals with groundbreaking ideas and the skills and determination to turn those ideas into successful businesses.

To qualify for an EntrePass Singapore, you must meet specific eligibility requirements. Criteria to be considered for the pass include your experience and vision for your business and how it will contribute to the entrepreneurial community in Singapore. Applicants must either have or plan to incorporate a private limited company in Singapore to be considered. Once you have your EntrePass, be mindful of your work permit renewal to remain eligible to operate in the country.

1 Age, educational background, and relevant work experience

The applicant should be at least 21 years old and possess a good educational track record, typically with a degree or diploma from a reputable institution. Relevant business or entrepreneurial experience is important, and participation in research collaboration within key sectors can further showcase your alignment with Singapore’s priorities.

Additionally, demonstrating technical or domain expertise in the relevant industry can significantly enhance the application, as it reflects the applicant's capability to innovate and effectively address market needs.

2 Language proficiency

Language proficiency is another crucial eligibility criterion for the EntrePass in Singapore. Applicants must be proficient in English, as it is the country's primary language of business and communication. Proficiency can be demonstrated through various means, such as holding a recognised English language certification or having a good command of the language during the application process.

3 Innovative and viable business concept

The EntrePass scheme is specifically designed to attract entrepreneurs with innovative and viable business concepts. Therefore, applicants must present a solid and compelling business proposal demonstrating the potential for innovation, scalability, and market viability. This includes showcasing relevant experience, such as a strong track record as a senior management professional in scaling innovative startups. Engaging with business angels—experienced investors who can provide not only funding but also mentorship—can strengthen the application. Applicants must either have or plan to incorporate a private limited company in Singapore.

The proposed business concept should be aligned with Singapore's economic and industry priorities, showing how it can contribute to the growth and development of key sectors. In addition, it is highly encouraged to engage in research collaboration with local institutions or partnerships that foster innovation and to hold intellectual property in order to strengthen the application and demonstrate long-term commitment.

4 Potential economic contribution to Singapore

The potential economic contribution an applicant can make to Singapore is an essential factor in the EntrePass eligibility criteria. The business proposal should showcase the applicant's ability to create local job opportunities, transfer knowledge and technology, attract investments, and contribute to the overall economic landscape of Singapore. Particular emphasis is placed on highly scalable businesses that demonstrate the potential for significant growth and expansion. Additionally, applicants are encouraged to highlight their strategies for protecting intellectual property, as this demonstrates innovation and a commitment to maintaining competitive advantages in the market. Demonstrating the potential to bring positive impact and value to the country's economy through their entrepreneurial endeavours. This criterion ensures that the EntrePass is granted to individuals who can contribute significantly to Singapore's economic growth and development.

Wondering how to get an Entrepreneur Pass in Singapore? The EntrePass application process is pretty straightforward, but it’s important that you are prepared with all the necessary documents so that you save time and stress. Here’s how to apply for an EntrePass in Singapore.

1 Personal identification and background information

The application process for EntrePass in Singapore begins with submitting personal identification and background information. This includes providing a valid passport, educational certificates, and relevant work experience documents. If applicable, the applicant may also need to compile additional documents, such as proof of business ownership or patents. It is essential to ensure that all the required personal information is accurately provided to avoid delays or complications during the application process.

2 Business plan and financial projections

A comprehensive business plan and financial projections are crucial components of the EntrePass application. Demonstrating that the business is venture-backed or owns innovative technologies can significantly strengthen the application. The business plan should outline the nature of the proposed business, market analysis, competitive advantage, marketing strategies, and operational details. Financial projections should demonstrate the financial viability and sustainability of the business. It is important to present realistic projections based on thorough research and analysis to showcase the potential success of the venture.

3 Submission and processing of the application

After preparing the necessary documents, the EntrePass application is submitted to the relevant authorities for processing. The application will undergo a thorough evaluation, including assessing the business concept, economic contribution, and overall eligibility criteria. It is advisable to ensure that all the required documents are complete and accurately filled out to avoid delays or rejection.

4 Online application portal

Singapore provides an online application portal for EntrePass, simplifying and expediting the application process. The online portal allows applicants to submit their documents electronically and track the progress of their application. It provides a convenient and efficient platform for applicants to communicate with the authorities and provide any additional information or clarification if required. After submitting the application, applicants will receive the In-Principle Approval (IPA) letter. Upon receiving the IPA, the candidate has 6 months to enter Singapore and request the issuance of the EntrePass.

5 Application fees and processing time

While the fees associated with the EntrePass application in Singapore are not included in our incorporation fees for foreigners, we save you time and hassle by applying for you so that you can focus on your business.

These fees typically include an application fee, a multiple-entry visa fee, and a security deposit. The exact amount may vary depending on the specific circumstances of the application, and we’ll be sure to keep you in the loop of all of these. The processing time for the EntrePass application can vary, but it is generally advised to allow for a few weeks to a few months for the evaluation and approval process. It is important to prepare a detailed business plan and submit your application early to allow for potential delays and ensure smooth processing.

To ensure a successful evaluation and approval of the Entrepreneur Pass (EntrePass), applicants should carefully adhere to the eligibility criteria and provide all necessary supporting documents. Developing a strong and innovative business plan that showcases the potential economic contribution to Singapore is essential. Thoroughly researching and understanding Singapore's economic priorities can aid in aligning the business concept accordingly. Additionally, applicants should ensure accurate and complete documentation, meet language proficiency requirements, and demonstrate relevant work experience. Seeking professional guidance and maintaining open communication with the authorities can also enhance the chances of a favourable evaluation and approval outcome.

1 Issuance and collection of the Entrepreneur Pass

After the EntrePass approval, the pass will be issued to the applicant. The issuance process involves the authorities preparing the pass and notifying the applicant regarding its availability. The collection of the pass is the next step in the post-approval procedure.

2 Required documentation for pass issuance

To collect the Entrepreneur Pass, the applicant is required to provide certain documentation. These documents typically include a copy of the approval letter, the applicant's passport, a completed declaration form, and any other specified supporting documents. It is crucial to ensure that all the required documents are prepared and presented accurately during the collection process.

3 Collection process and timeline

The collection process varies depending on the specific procedures set by the authorities. The timeline for collection can also vary, but applicants are usually given a specific date and location to collect their passes. It is important to adhere to the designated collection timeline to avoid any delays or complications.

4 Activation and registration of the pass

Upon receiving the Entrepreneur Pass, the applicant needs to activate and register the pass. This typically involves visiting the relevant authorities or designated locations to complete the necessary procedures. The activation process ensures that the pass becomes valid and ready for use.

5 Registration with the Ministry of Manpower

In addition to the pass activation, the Entrepreneur Pass holder must register with the Ministry of Manpower(MOM). This registration process involves providing the necessary information and documentation to the MOM, which helps to establish the pass holder's legal status and compliance with Singapore's regulations.

6 Compliance with pass conditions and regulations

Once the EntrePass is activated and registered, it is crucial for the pass holder to comply with the conditions and regulations set by the authorities. This includes adhering to the terms of the pass, such as maintaining a valid business entity, fulfilling the economic contribution commitments, and abiding by Singapore's laws and regulations. Compliance with these conditions is essential to ensure the ongoing validity and use of the Entrepreneur Pass.

7 Application for Dependant Pass and Long-Term Visit Pass

For entrepreneurs with family members, applying for a Dependant Pass or Long-Term Visit Pass is important. These passes allow family members to join the Entrepreneur Pass holder in Singapore, facilitating family unity and support during the business establishment phase. Ensuring that family members are properly documented enhances their legal status and allows them to live and, in some cases, work in Singapore, contributing to the overall stability of the family while the entrepreneur focuses on business growth.