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.