What is Entrepreneur Pass?
The Entrepreneur Pass (known as EntrePass) is a type of Employment Pass for foreign entrepreneurs who would like to start businesses in Singapore. The Pass is for a foreign entrepreneur who is ready to start a new company and will be actively involved in the operation of the company in Singapore. The pass is designed for entrepreneurs who are unable to qualify under the Employment Pass scheme.
For more details, refer to Singapore EntrePass guide.
We have more than one owner/director for the company. Can all of them apply for Entrepreneur Pass / Employment Pass?
There is no limit on the number of applications. Each application is reviewed and processed based on its own merits.
Will I automatically get an Entrepreneur Pass if I start a Singapore company?
No. Entrepreneur Pass application is subject to review and approval by government authorities. EntrePass scheme allows you to apply for the pass first and incorporate the company only after the approval of the pass.
Is there a suggested business that I should start in Singapore so I can get an Entrepreneur Pass?
This is something you will have to explore and decide on your own if you are serious about starting a business in Singapore. Among other things, you must determine:
- What business you want to start and how your previous experience related to it?
- Why do you want to start this business in Singapore?
- How you plan to fund it?
- What your start-up costs will be?
- What kind of revenue and profits you are anticipating?
Do I need to prepare a business plan for the Entrepreneur Pass?
Yes, a business plan must be submitted long with the EntrePass application. The business plan must be prepared in the prescribed format. The agency you hire to file your EntrePass application usually can help you draft a business plan based on the information provided by you.
For how long is the Entrepreneur Pass issued?
EntrePass is normally issued for 1-2 years initially and renewable thereafter based on the viability of your business.
Is the renewal of the Entrepreneur Pass automatic?
The EntrePass is renewable as long as your business remains viable and you are continuing to meet EntrePass renewal requirements.
How long does the Entrepreneur Pass application approval process take?
After the Entrepreneur Pass application has been submitted to government authorities, it can take between 5-6 weeks to receive the outcome notification.
Can an appeal be filed if the EntrePass application is rejected?
Yes, an appeal can be filed if the EntrePass application is rejected.
What are my chances of getting an Entrepreneur Pass approved?
Your chances of getting an Entrepreneur Pass approved depend mainly on the following factors:
- The credibility of your business idea and the business plan
- Your prior relevant background
- The amount of investment you are making into the business
- How Singapore will benefit from your business
Can anyone guarantee that my Entrepreneur Pass will be approved?
No, your Entrepreneur Pass is approved/rejected by government authorities based on factors such as listed above. The service provider you have hired to file your application has no decision making authority regarding the outcome of your application. A service provider can only assist you with ensuring that the submitted application is well prepared.
Can I apply for Permanent Residence after obtaining my Entrepreneur Pass?
Yes, you are eligible to apply for Singapore permanent residence in due course. Each case is reviewed on its own merits. You should apply for PR only after you are able to demonstrate the viability and success of your business.
Will I be able to bring my family with me to Singapore?
Yes, your immediate family (spouse and unmarried children under 21) can relocate with you on dependent pass.
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