What Are the Requirements for EntrePass Holders to Start a Business in Singapore?

EntrePass requires a private limited company registered with ACRA, at least 30% shareholding, and evidence of innovation such as funding, incubator support, IP, exit or research collaboration. EntrePass targets venture-backed or innovation led businesses. There is no minimum salary and no foreign worker levy or quota. Application has to be done via MOM.

Company Requirements

Private limited company with at least 30% shareholding by the applicant registered with ACRA. This structure satisfies the statutory formation criteria required for the EntrePass.

Eligibility Criteria

Satisfy at least one condition such as past funding, incubator support, successful exit, IP ownership, or local research collaboration. These show entrepreneurial or innovative credentials.

Key Features of EntrePass

• No minimum salary.
• Flexibility to operate in Singapore.
• Dependants may apply for passes.
• No foreign worker levy or quota.
• EntrePass supports founders building innovative ventures.