Foreign entrepreneurs who wish to setup a company in Singapore may apply for an EntrePass. The entrepreneur has to be actively involve in running the business in Singapore. Entrepass, with an initial validity period of up to 2 years will be issued upon submission of a sound business proposal. Entrepass also allows your immediate family members to live in Singapore while you start and grow your business here. It is renewable for as long as the business remains viable.
The minimum requirements for EntrePass consist of the following:
- A sound business plan which includes the objective or nature of business, products or services to be offered, marketing strategies, development plans and milestones, projected sales turnover, intended amount of investment and staffing plan.
Ministry of Manpower (MOM) process EntrePass application within One month to three months.