ENTREPRENEUR PASS

ENTREPRENEUR PASS or ENTREPASS

Enrich Consulting specializes in applications for Entrepreneur pass / Entrepass. Our clients can rest assured that they are guided to the right path in every process from obtaining the required documentation, submission and finally obtaining the pass to stay in Singapore to operate their business.

Singapore offers the Entrepass for businessmen who would like to make Singapore their business location. A foreigner wanting to set up a business in the country can avail of the Entrepreneur Pass (Entrepass). Singapore is offering this visa under the business migration categories to attract more businesses in the country.

Unlike the Employment Pass, the Entrepass requires a carefully structured business plan to be submitted together with your supporting documents and other requirements such as:

Requirements FOR ENTREPASS

  • The applicant must fulfill one of the criteria below:

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 certificate as supporting document and other relevant documentation   Funding must be monetary & at least S$100,000
  • Funds approved under:
  1. Contact Singapore-Global Investor Programme
  2. Economic Development Board Investments
  3. Infocomm Investment Pte. Ltd.
  4. National Research Foundation- Early Stage Venture Funding
  5. 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:
  1. National Research Foundation-Technology Incubation Scheme
  2. Media Development Authority
  3. 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 company already exists, 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.
  • Employment agencies, geomancy

SERVICES

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ENTREPRENEUR PASS PRESENTATION

TESTIMONIALS

  • In my journey to obtaining my ENTREPRENEUR PASS, I was plagued with many problems in looking for the right business consultant who can guide me and make the process easier and hassle free. I wanted fast but quality service and Enrich was able to deliver. Now, I am on my way to becoming a Permanent Resident and a Singapore Citizen. I would like to thank the Enrich family for their valuable help in giving me a chance to expand our business in SINGAPORE and for creating better opportunities for me and my family

    Mr. A.B.M. Badrul AminManaging Director, Baraka Logistics Pte. Ltd
  • We intended to venture in business, but we were in a dilemma in choosing which consultant to engage in setting up the business, obtain the necessary formalities and Visas. During short listing of the consultants, we were referred to Enrich by one of our trusted friend. Having engaged Enrich as our business management consultants, we were successful in getting the company incorporated and got our necessary Work passes and complied with all the necessary legal and tax formalities. We found the Enrich team to be outstanding Professionals in the areas of Business, Accounting, Immigration and Manpower matters in Singapore. They helped us in every step including setting up the company, obtaining necessary passes, CPF, Tax & ACRA compliance.   We continue to be very happy with Enrich and recommend them to anyone

    Aishath FaizManaging Director, Ermes Pte. Ltd.
  • We were planning to expand our business and migrate to Singapore but we were not sure how to proceed and what the formalities were. Having searched a few consultants, we found that Enrich Consulting was an excellent choice to work with.

    Mr. Peter Svahn Managing Director, Best Practice Pte. Ltd.
  • We found that their professional suggestions, opinions and recommendations made sense to us and gave us confidence in starting our business and migrating to Singapore. They guided us with company incorporation, bank account opening, tax planning, accounting, migration, etc. Also, the fee charged by them was very affordable and reasonable. Through their service we have successfully set up the company and got our Business Pass and our children’s dependent pass approved. We are now in the process of being naturalized in Singapore. We thank Enrich and its team for rendering outstanding service to us!"

    Mrs. Linn Svahn KlewinghausDirector, Best Practice Pte. Ltd
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