When filing a PR application, you should demonstrate that you are running a viable and innovative business, and that you will … Additionally, your future applications for other types of work passes may be affected. Benefits of Becoming a Singapore Permanent Resident (PR) ... EntrePass, or S Pass. According to 2018 data, there are 522,347 Singapore PR holders residing in Singapore. This also includes innovators and investors interested in using Singapore as a … Entrepass holders can bring their families to Singapore on either DP or LTVP. Child under 21 of a Singapore permanent resident or Singapore citizen. Company Formation / Incorporation Singapore offers lots of business entities for incorporation such as a Private Limited company, Subsidiary, Public Limited company, Branch Office, Representative Office, Sole Proprietorship and so on. 10 usuarios/tarjetas. Owning an EntrePass grants its holder certain advantages. If you are a student, you can access the e-PR system using your Foreign Identification Number and issuance date of your valid immigration pass. In a nutshell, any foreigner can apply for an entrepass provided they comply to the requirements of MOM. You are eligible to for an EntrePass if you: Contact us to find out how you can apply for EntrePass! Rejection of EntrePass application. However, applicants are advisable to submit the application after 2 years of business operation. EntrePass holders are eligible to apply for permanent residence in due course, which is subject to approval by the Singapore immigration authority. If you are a current work pass holder (Employment Pass, Personalised Employment Pass, EntrePass or S Pass), and have worked in Singapore for at least six months, you’ll be eligible to apply for Singapore PR (permanent resident) status. You must have been working in Singapore for at least six months before applying. Once renewed, it’s valid for 2 years. After the EntrePass’ second renewal, you may be eligible to apply for Permanent Residence (PR). The EntrePass is also for foreigners who would love to relocate themselves and their business to Singapore. Who can apply for an Entrepass? You may renew your EntrePass for 1 year during the first renewal, and 2 years for any subsequent renewals. The EntrePass framework was further refined to attract technopreneurs as well as R&D-intensive enterprises including those in the cleantech and biotech sectors so that they can add value as well as inject vibrancy and innovation in Singapore. The Entrepreneur Pass (EntrePass) is a visa applicable to foreign entrepreneurs who wish to launch their startup in Singapore and relocate to the country to run it. When you file your PR application, you should demonstrate that you are running a viable and innovative business, and that you will not become a financial burden on Singapore. EntrePass The EntrePass allows eligible foreign entrepreneurs to start and operate a business in Singapore that is venture-backed or possesses innovative technologies. The immigration law allows you to pursue PR right after you obtained your work visa. Singapore Entrepreneur Pass (EntrePass) Scheme, Be 21 years old and above, with relevant qualifications and experience, Have a business proposal that is entrepreneurial and innovative in nature, and able to create local employment, Be willing to relocate to Singapore to run your new business, Register your business in Singapore as a private limited company, Have a company that is either not yet incorporated or not more than six months old at the time of your EntrePass application, Hold at least 30% of shares in your proposed business, Your company is receiving at least S$100,000 in funding or investment from a third-party venture capitalist (VC) or angel investor duly accredited by a Singapore government agency, Your company is incubated by an incubator or accelerator recognised by the Singapore government, You have an established business network and entrepreneurial track record, You have research collaborations with a Singapore-based institute of higher learning or credible research institute, You have a record of extraordinary achievements in your key area(s) of expertise, You have a track record of solid investments, Coffee shops, hawker centres, food courts, Traditional Chinese medicine (TCM), acupuncture, and herbal dispensaries, Documentary evidence to prove that you have fulfiled one of the eligibility criteria under the entrepreneur, innovator or investor categories, A business plan in the prescribed format (Get your business plan framework, A passport-sized photograph taken within the last three months, A copy of the personal particulars page of your passport, Documentary evidence of your previous employment(s) and/or business venture(s), Copies of relevant educational certificates, if any, A copy of your company’s latest business profile, Memorandums of understanding with potential customers and/or suppliers, Endorsements by reputable individuals/external parties, A copy of your company’s latest bank statement, Ensuring that all required and supporting documents in your application are included and completed accurately to minimise delays and maximise application approval, Preparing an Entrepass business plan on your behalf, in the requisite format and based on the information that you’ve provided about your proposed business, Submitting and tracking your application status on your behalf. The EntrePass is a visa for entrepreneurs who are ready to incorporate a new private limited company in Singapore. The Singapore EntrePass scheme allows foreign entrepreneurs & investors to relocate to Singapore, provided they meet prevailing eligibility criteria. 2. EntrePass is open to all nationalities. You need to be holding an existing work pass (S-Pass, EP, Entrepass) in Singapore to be eligible for this scheme but holding a work pass does not guarantee you a SPR.