BUSINESS PLAN SINGAPORE ENTREPASS

As for the levy, employers must pay a monthly levy for each S-Pass worker to cover their healthcare costs. Learn more about Singapore Permanent Residency and how we can help you get it here. Broadening the evaluation criteria for startup businesses to attract more talent. Coffee shops, food courts, massage parlours, bars, night clubs, employment agencies, etc are not eligible for the EntrePass. Depending on the pass type issued, the following EntrePass holders will be permitted to apply for the following passes:. The Work Permit is for foreign semi-skilled workers from selected Asian countries who work in the construction, manufacturing, marine, or process or service sectors as well as foreign domestic workers, nannies, and performers.

The EntrePass is one of the several types of work visas in Singapore. The Enhanced Entrepass scheme — the key changes? Sign up Free Eligibility Assessment. Additionally, to bring a family member to Singapore the EntrePass holder must ensure that he or she fulfills the total business spending and job creation criteria as set out by the MOM. On approval of the application, the MOM will issue an in-principle approval letter.

This implies that an EntrePass holder cannot bring a family member on the first application.

Ready to setup your company? The application takes around 6 months to be processed. Criteria and requirements include: The EntrePass is one of the several types of work visas in Singapore.

business plan singapore entrepass

The main elements of the Entrepass include: You will need to have any non-English documents translated. To renew the pass, the holder must also ensure that the local jobs buisness in Singapore and the total business spending are as follows: If the company is already registered, the company must not be more than 6 months old on the date of application. You can find additional details of how to notify these changes and the timeline applicable to these changes on the MOM website.

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Print this page Close. Be sure to bring all the correct documents with you: Print the notification letter after the request is approved. Singapore Relocation Entrepreneur Pass in Singapore. Each one has its own advantages in terms of ease of approval, processing period and mandatory requirements. Businesses that are not eligible for the EntrePass. The Entrepass is for entrepreneurs and investors entrepaas want to start or invest in a business in Singapore.

The Singapore Entrepreneur Pass, which is also known as the Entre passis a work visa granted to foreign entrepreneurs who are interested in setting up their businesses in Singapore.

business plan singapore entrepass

Once your application is approved, you will receive an in-principle approval IPA letter in the mail. The Enhanced Entrepass scheme — the key changes?

business plan singapore entrepass

Singapore EntrePass – Entrepreneur Pass – Business Work Visa for Entrepreneurs Foreign entrepreneurs zingapore wish to entrepaxs their company and reside in Singapore have two options to choose from: You will need to submit the following documents, all in English, that pertaining to your employment and education background to obtain the Entrepass you may need to provide additional documents if your situation requires it: It is valid for 1 year and can be renewed for another year; every future renewal lasts 2 years.

The company has exceptional technical or domain expertise in an area related to your proposed business. You will receive a one-time entry visa to enter Singapore.

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EntrePass: Singapore Visa for Entrepreneurs – Guide | StartupDecisions

On approval of the application, the MOM will issue an in-principle approval letter. You need to zingapore that your business is innovative and likely to provide jobs to local employment.

Learn more about change on the enhanced entrepass scheme in The pass must be cancelled and returned within a period of 1 week of closing the business.

The government regulates the flow of singpaore workers into the country to increase job prospects for Singaporeans. It is important to note that the following businesses are not eligible for an Entrepass: The candidate has significant business experience or network and a promising entrepreneurial track record of starting highly-scalable businesses. Terms of Use Disclaimer Privacy Policy.

singapore entrepass service

If you are a foreign entrepreneur looking to register and run a company in Singapore, you will need to apply for the Plzn. Depending on the pass type issued, the following EntrePass holders will be permitted to apply for the following passes:. To be eligible pllan the EntrePass, the candidate must fulfill the criteria outlined by the Ministry of Manpower in Singapore. Submit salary slips for the past six months and other relevant documents that show you have substantial ties to Singapore.