For Entrepreneurs or Business Owners
ENTREPASS vs EMPLOYMENT PASS
If you are planning to kickstart your business in Singapore, the entrepass is the most suitable visa for you. This visa is for foreign entrepreneurs to start up their new business in Singapore. However, you need to have a track record in running a business and a viable business idea that is high growth and can benefit the Singapore economy.
The Employment Pass is the most common and flexible work pass for foreign entrepreneurs or businessperson to work and live in Singapore. However, you must show proof of business activities and that you have the relevant experience for the declared position.
Difference Between Entrepass and Employment Pass (EP)
| Entrepass | Employment Pass (EP) | |
|---|---|---|
| Company Requirements | - Not necessary to have a company setup before the entrepass application - Must be new company setup < 6 months. | No requirement for how long the company has been established |
| Business Activities | - The business must be venture-backed or owns innovative technologies - A business plan is enough as proof of business. Check out Entrepass Business Plan Guide. | Need concrete business activities as proof of ongoing business. |
| Salary Requirement | No salary required | Need to be paid a minimum monthly salary |
| Main Evaluation Criteria | Innovative business idea and the applicant’s business track record. Applicants must meet the following innovative criteria as an entrepreneur, innovator, or investor below: 1. Entrepreneur: i. Secured funding from approved VC or business angels ii. Applicant is an existing incubatee at a government-approved incubator or accelerator iii. Has business Network and entrepreneurial track record 2. Innovator: i. Holds an Intellectual property ii. Has research collaboration with a research institute or institute of higher learning iii. Exceptional Achievements in key areas of expertise 3. Investor: You have a substantial track record of investing in startup business. Check out our full list of EntrePass criteria. | Company sponsors business activities and applicant’s credential (education, relevant working experience etc.). Check out our full list of Employment Pass criteria. |
| Renewal criteria | - Need to meet certain business milestones for your renewal to be granted. | - Your company must show proof of business activities for your renewal to be granted. |
| Processing Time | 8 – 12 weeks | 3 – 8 weeks |
| Dependant Pass Eligibility | Must achieve the business milestones set by MOM before you can apply for Dependant Passes for your family. | Must be making a minimum salary of 6,000 SGD per month before you can apply for Dependant Passes for your family. Check out our full list of Dependant's Pass Criteria. |
| Pass Validity | Issued for 12 months and only can be renewed on a 12-month basis | Issued for 12 – 24 months and can be renewed for 24 to 36 months. |
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One visa provides very efficient services; this company handled the visa issue with great professionalism and is very respectful of the deadlines. We thank them for their time and consideration and warmly recommend them for this kind of issue.
Caroline Masiha
Back-Office Manager, PPMS, France, www.ppms-paris.com
Caroline Masiha
Back-Office Manager, PPMS, France, www.ppms-paris.com
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Shinsuke Tabata
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General Manager, SEO Agency www.seoagency.com.sg
Rhyce Lein
General Manager, SEO Agency www.seoagency.com.sg
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