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Singapore Entrepreneur Pass |
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Singapore is haven for both established and budding entrepreneurs. The Singapore government knows this. As such, they devises the Singapore Entrepreneur Pass (EntrePass) for foreign entrepreneurs or individuals who want to set up a business or a company in Singapore and who wish to be actively involved in the business operations. The EntrePass is for entrepreneurs who do not have a strong educational background but have sufficient entrepreneurial experience. Please note that the application of a Singapore EntrePass is usually made prior to incorporating your Singapore Company.
The Entrepass does have its own perks. For one, it allows you to run your business ventures in Singapore; it allows you to bring your spouse and unmarried children under 21 years of age to Singapore; it lets you to apply for Singapore permanent residence; and finally, it has a validity of 1 to 2 years and is renewable as long as your business is still viable.
You need not be a rocket scientist to set up a Singapore business. All you need is to comply with the following requisites:
- You must be a non-Singapore resident who is above 16 years old; has a sufficient entrepreneurial background; is ready to start a business in Singapore; and is willing to relocate to Singapore to operate the business.
- You must have a coherent, viable and well-constructed business plan. Your business plan must include the following essential details:
- Business idea
- Product/service
- Market analysis
- Market plan
- Operation plan
- Financial projections
- Management team
- Supporting documents
To save you time, Sandhurst Consultancy will help you construct your business plan and apply for your EntrePass. All you need to do is fill up and submit to us the following requirements:
- Entrepreneur Pass application form which can be downloaded HERE.
- A copy of your past employment testimonials, in English.
- If your company or business has already been registered with the Accounting and Corporate Regulatory Authority (ACRA), you need to submit a copy of your company’s latest Business Profile.
- A passport-sized photograph taken within the last three months.
- A copy of the personal particulars page of your travel document.
All the necessary documents must be lodged properly to ensure approval of your Singapore EntrePass. The normal processing time for your Entrepreneur Pass application may be around 4-6 weeks.
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