Singapore EntrePass Guide 2024

Your comprehensive guide to obtaining an EntrePass in Singapore. Learn about eligibility criteria, innovation requirements, and application processes for entrepreneurs.

Singapore Business District
Innovative Startups

Tech & Innovation

Business Growth

Scaling & Expansion

Investment

Funding & Capital

Global Network

International Business

Singapore EntrePass Guide 2024

Understanding the EntrePass

The EntrePass is designed for foreign entrepreneurs who want to start and operate a business in Singapore that is venture-backed or based on innovative technologies.

Eligibility Criteria

Entrepreneur Criteria:
  • Has funding from a recognized VC or angel investor
  • Holds intellectual property
  • Has research collaboration with A*STAR or universities
  • Has extraordinary achievements in key sectors
Business Requirements:
  • Company must be less than 6 months old
  • Registered with ACRA as Private Limited Company
  • Minimum 30% shareholding in the company
  • Paid-up capital of at least SGD 50,000
Innovation Requirements:
  • Innovative technology or business model
  • Clear market potential
  • Scalable business plan
  • Job creation potential

Key Benefits

  • Initial validity of 1-2 years
  • Renewable for up to 3-5 years
  • Ability to bring family members
  • Access to Singapore's business ecosystem
  • Pathway to permanent residence
  • No minimum salary requirement

Application Process

  1. Business Plan Preparation

    Develop comprehensive business plan

  2. Company Registration

    Register company with ACRA

  3. Documentation

    Gather required documents

  4. Online Application

    Submit via EntrePass Online

  5. Assessment

    Wait for MOM evaluation

  6. Pass Collection

    Complete formalities and collect pass

Required Documents

Personal Documents:
  • Valid passport
  • Recent photographs
  • Educational certificates
  • Professional certificates
  • Resume/CV
Business Documents:
  • Detailed business plan
  • Company registration (ACRA)
  • Financial projections
  • Funding proof
  • Patents/IPs (if applicable)

Business Plan Requirements

Essential Components:
  • Executive Summary
  • Market Analysis
  • Business Model
  • Financial Projections
  • Growth Strategy
  • Job Creation Plans

Renewal Criteria

First Year Renewal:
  • Total business spending ≥ SGD 100,000
  • Employ at least 3 FT local employees
  • Contribute to CPF for local employees
Subsequent Renewals:
  • Total business spending ≥ SGD 200,000
  • Employ at least 6 FT local employees
  • Demonstrate business growth

Common Challenges & Solutions

  • Insufficient innovation - Enhance tech component
  • Weak business plan - Seek professional help
  • Limited funding - Explore investor networks
  • Market validation - Conduct thorough research
  • Local hiring - Use government support schemes

Government Support Schemes

  • Startup SG Founder
  • Enterprise Development Grant
  • Productivity Solutions Grant
  • Market Readiness Assistance
  • Training Support Schemes
Quick Facts
  • Processing: 6-8 weeks
  • Validity: 1-2 years
  • Capital: SGD 50,000
  • Local Hires: Required
  • Growth: Mandatory
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