(+65) 6299 5995 enquiry@enrichco.com

Office Address

320 Serangoon Road, #04-18 Serangoon Plaza, Singapore 218108

Phone Number

(+65) 6299 5995

(+65) 6295 6075

Email Address

enquiry@enrichco.com

enquiry@enrichco.com

REQUIREMENTS FOR ENTREPASS

CRITERIA

GUIDELINES

Funding Or Investment From A 3rd Party Venture Capitalist (VC) Or A Business Angel Who Is Accredited By A Singapore Government Agency

  • Must submit the shareholder’s certificate as supporting document and other relevant documentation 

  • Funding must be monetary & at least S$100,000

  • Funds approved under:

  • Contact Singapore-Global Investor Programme

  • Economic Development Board Investments

  • Infocomm Investment Pte. Ltd.

  • National Research Foundation- Early Stage Venture Funding

  • SPRING Singapore-SPRING SEEDS, Business Angel Scheme

Holds an Intellectual Property (IP) that is registered and approved in a national IP institution

  • IP must have completed filing with the national IP institution

  • One of the shareholders must be the owner of the IP

  • Expired IPs can be considered as long as one of the shareholders is the inventor of the IP

  • IP must be related to the proposed business conducted in the Entrepass application.

Is an incubatee at a Singapore government supported incubator

  • Only existing incubate is allowed

  • Incubatee’s work must be related to proposed business

  • Examples of these are:

  • National Research Foundation-Technology Incubation Scheme

  • Media Development Authority-iJam

  • SPRING Singapore-Incubator

  • Development Programme

ADDITIONAL REQUIREMENTS

The applicant must fulfill these requirements:

  • Must submit a 10-page Business Plan 

  • Must register as a Private Limited Company with the Accounting and Corporate Regulatory Authority (ACRA)

  • Must hold at least 30% of shares in the company.

  • Must have a paid-up-capital of at least $50,000 paid-up-capital. A bank statement, from the Singapore-based company bank account, of at least $50,000 is required for verification.

  • If the company is already existing, the Company must not be registered for more than six months at the point of application.

  • The business must not be illegal.

BUSINESSES NOT ELIGIBLE FOR ENTREPASS:

  • Coffee shops, hawker centres, food courts
  • Bars, night clubs, karaoke lounges
  • Foot reflexology, massage parlours
  • Acupuncture, traditional Chinese medicine, herbal dispensing, etc.