{"id":1204,"date":"2019-08-13T11:06:20","date_gmt":"2019-08-13T03:06:20","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/timcole.com.sg\/?page_id=1204"},"modified":"2026-05-21T15:00:51","modified_gmt":"2026-05-21T07:00:51","slug":"entrepreneur-pass","status":"publish","type":"page","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/timcole.com.sg\/entrepreneur-pass\/","title":{"rendered":"Entrepreneur Pass"},"content":{"rendered":"<p>[vc_row][vc_column][vc_single_image image=&#8221;2952&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221;]<div class=\"ult-spacer spacer-6aa6f14c4eb3b\" data-id=\"6aa6f14c4eb3b\" data-height=\"10\" data-height-mobile=\"10\" data-height-tab=\"10\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_custom_heading text=&#8221;Singapore EntrePass&#8221; font_container=&#8221;tag:h1|font_size:36|text_align:left|line_height:1.3&#8243; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]Last Update: Aug 2022<\/p>\n<p>Are you an entrepreneur looking to set up a business in Singapore? If so, you may be eligible to apply for a Singapore Entrepreneur Pass (EntrePass). After the enhancement of the EntrePass scheme in 2017, it is now easier for international entrepreneurs to start a business in Singapore.[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_single_image image=&#8221;4755&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_custom_heading text=&#8221;EntrePass Application&#8221; font_container=&#8221;tag:h2|text_align:left|line_height:1.3&#8243; use_theme_fonts=&#8221;yes&#8221;][vc_separator color=&#8221;black&#8221; border_width=&#8221;5&#8243;][vc_row_inner][vc_column_inner width=&#8221;2\/3&#8243;][vc_column_text]<\/p>\n<h3 style=\"font-size: 20px;\">EntrePass Application<\/h3>\n<ul>\n<li>Review and refine business plans written by client<\/li>\n<li>Collate and consolidate all supporting documents (Excluding translation and notarization fees if necessity)<\/li>\n<li>Complete final online Application form for submission<\/li>\n<li>Monitor the application process and reply to queries (if any) raises by MOM<\/li>\n<li>Assist in the Appeal Process if required (Additional Charge)<\/li>\n<li><span style=\"color: #ff0000;\"><strong>Once the application has been approved:<\/strong><\/span>\n<ul>\n<li>Facilitate client to go for Medical Check-up and attend to the MOM interview\/review session if required<\/li>\n<li>Collect the Entrepreneur Pass on behalf of the client, if the client is no longer in SG when the pass is issued.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_column_text]<span style=\"font-size: 60px; color: #ff0000;\">$1988<\/span>[\/vc_column_text][vc_column_text]<span style=\"font-size: 25px;\">One Time Fee<\/span>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_separator color=&#8221;black&#8221;][vc_row_inner][vc_column_inner width=&#8221;2\/3&#8243;][vc_column_text]<\/p>\n<h3 style=\"font-size: 20px;\">Drafting of Business Proposal<\/h3>\n<p style=\"font-size: 20px;\">For those who need our assistance to write a comprehensive Business Plan for submission<\/p>\n<p>Our work includes:<\/p>\n<ul>\n<li>Analysis of your business ideas and personal profile<\/li>\n<li>Prepare a comprehensive business plan based on our proven and successful template that will fulfill MOM\u2019s requirements. (Around 8-10 pages)<\/li>\n<li>Submit Business Plan, together with other supporting documents<\/li>\n<\/ul>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/3&#8243;][vc_column_text]<span style=\"font-size: 60px; color: #ff0000;\">$5000<\/span>[\/vc_column_text][vc_column_text]<span style=\"font-size: 25px;\">One Time Fee<\/span>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_column_text]<em>Exclude Translation Fees, Notarisation Fees, MOM Fees, Medical Check-up Fees and other out-of-pocket expenses<\/em>[\/vc_column_text]<div class=\"ult-spacer spacer-6aa6f14c4eb5f\" data-id=\"6aa6f14c4eb5f\" data-height=\"20\" data-height-mobile=\"20\" data-height-tab=\"20\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h2>What is an EntrePass?<\/h2>\n<p>The Entrepreneur Pass (EntrePass) is a business visa designed for foreign entrepreneurs, innovators and experienced investors who wish to relocate and start a business in Singapore. It is open to all nationalities and is a scheme with the intention of attracting talent to the country and add to Singapore\u2019s economy.[\/vc_column_text][vc_single_image image=&#8221;2957&#8243; img_size=&#8221;full&#8221; add_caption=&#8221;yes&#8221;]<div class=\"ult-spacer spacer-6aa6f14c4eb74\" data-id=\"6aa6f14c4eb74\" data-height=\"20\" data-height-mobile=\"20\" data-height-tab=\"20\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<h2>What you need to know about the Entrepreneur Pass<\/h2>\n<ul>\n<li>You don&#8217;t need to <a href=\"\/company-incorporation-packages\/\">incorporate a company<\/a> before the EntrePass application<\/li>\n<li>No paid up capital required before the application<\/li>\n<li>An innovative or entrepreneurial business idea holds priority before educational qualification<\/li>\n<li>EntrePass holders can bring their spouse and children into Singapore to\u00a0<a href=\"\/dependants-pass-letter-of-consent\/\">apply for Dependant Pass<\/a> or Long Term Visit Pass<\/li>\n<li>Entrepreneur pass holders are eligible to apply for permanent residency (PR) in Singapore<\/li>\n<li>EntrePass holders enjoy relatively low income and corporate tax under the scheme<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>What are the Eligibility Requirements for an EntrePass?<\/h2>\n<p>The EntrePass application will be reviewed by 3 government bodies \u2013 SPRING Singapore, Infocomm Media Development Authority (IMDA) and the National Research Foundation (NRF). The criteria are as follows:<\/p>\n<p>Applicants must demonstrate\u00a0at least one\u00a0of the following:<\/p>\n<table style=\"border-collapse: collapse; width: 100%;\" border=\"1\">\n<thead>\n<tr style=\"background-color: #ffdcab;\">\n<th width=\"30%\">CRITERIA<\/th>\n<th width=\"70%\">DESCRIPTION<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Be funded by a recognised third-party venture capitalist or business angel<\/td>\n<td>\n<ul>\n<li>Strictly monetary funding of at least $100,000;<\/li>\n<li>Applicant to provide shareholder certificate or documentary proof of investment commitment from VC\/business angel;<\/li>\n<li>Examples include Vertex Ventures, SGInnovate, Jungle Ventures etc<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td>Hold a nationally-recognised proprietary or licensed Intellectual Property (IP)<\/td>\n<td>\n<ul>\n<li>IP delivers a competitive advantage to your proposed business and cannot be easily replicated<\/li>\n<li>One of the shareholders or the company must be the owner of the IP<\/li>\n<li>Expired IP can be considered as long as one of the shareholders is the inventor of the IP<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td>Has research collaboration with recognised research institutions such as A*STAR or an institute of higher learning<\/td>\n<td>\n<ul>\n<li>Research collaboration must be related to your proposed business<\/li>\n<li>Research institution needs to provide a contact person to verify details of the research collaboration<\/li>\n<li>You must be involved with ongoing research collaboration<\/li>\n<li>Contract of services is not considered to be research collaboration<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td>Is an incubatee at a government-approved incubator or accelerator<\/td>\n<td>\n<ul>\n<li>Incubators or accelerators in SPRING Singapore\u2019s Startup SG Accelerator Programme<\/li>\n<li>Accredited Mentor Partners under Startup SG Founder<\/li>\n<li>SGInnovate-linked incubation or acceleration programmes<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td>Hold significant business experience\/network and promising entrepreneurial track record<\/td>\n<td>\n<p>You must fulfil\u00a0<strong>any<\/strong>\u00a0of the following:<\/p>\n<ul>\n<li>Founded and sold a tech company<\/li>\n<li>Raised significant funding from investors for a current or past venture<\/li>\n<li>Have been or are being incubated by an internationally renowned incubator or accelerator<\/li>\n<li>Have strong industry networks and business contacts that are related to your proposed business<\/li>\n<li>Have substantial track record related to your proposed business<\/li>\n<li>Have received recognition by a national body, recognised media publication or credible industry organisation for your professional, business or entrepreneurial achievements<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td>Has exceptional technical\/domain expertise in an area related to proposed business<\/td>\n<td>\n<p>You must fulfil\u00a0<strong>all<\/strong>\u00a0of the following:<\/p>\n<ul>\n<li>Area of expertise must be related to your proposed business<\/li>\n<li>Have outstanding achievements or received international recognition in your area of technical or domain expertise<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td>Hold good track record of investing in businesses and want to grow new or existing businesses in Singapore<\/td>\n<td>\n<p>You must fulfill\u00a0<strong>all<\/strong>\u00a0of the following:<\/p>\n<ul>\n<li>You are willing to invest a substantial amount of money in a local company.<\/li>\n<li>You have a track record in one of the following:\n<ul>\n<li>In investing in and driving the growth of highly-scalable businesses.<\/li>\n<\/ul>\n<\/li>\n<li>Substantial experience as a senior management professional or executive in a large corporation.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h2>What Documents do you need to Prepare for an EntrePass Application?<\/h2>\n<p>Before applying for an EntrePass, the applicant should prepare the following documents:<\/p>\n<ul>\n<li>A completed EntrePass application form. <a href=\"\/wordpress\/wp-content\/uploads\/2020\/04\/EntrePass-application-form.pdf\" target=\"_blank\" rel=\"noopener\">Click here to download form<\/a>.<\/li>\n<li>A copy of educational certificates<\/li>\n<li>A passport-sized photograph taken within the last three months<\/li>\n<li>A copy of the passport personal particulars page<\/li>\n<li>Memorandum of Understanding (MOU) or contracts with potential clients for the new business, if any<\/li>\n<li>Brochures, press releases, or any business collaterals from previous or existing business ventures, if any<\/li>\n<li>A 10-page business plan<\/li>\n<\/ul>\n<p>Note: All documents must be in English, or translated into English by a certified translation body.<\/p>\n<p>&nbsp;<\/p>\n<h2>How to Prepare Business Plan for the Application?<\/h2>\n<p>The proposed business plan will serve as the key requirement for the EntrePass application. Thus, the comprehensive business plan should demonstrate the applicant\u2019s professional business experience, outlines its goals and objectives, and a detailed plan and strategies in meeting the requirements set by MOM.<\/p>\n<p>The business plan must include the following information:<\/p>\n<ul>\n<li>Applicant\u2019s profile\n<ul>\n<li>The applicant\u2019s professional experience, such as employment history, role in growing business and a track record in business start-ups<\/li>\n<li>The applicant\u2019s awards and recognition from a national body, credible organisation or recognised media<\/li>\n<li>The applicant\u2019s special skills or resources, such as intellectual property, technology, networks, and financial<\/li>\n<li>The applicant\u2019s academic qualifications<\/li>\n<li>The applicant\u2019s role in societies and organisations<\/li>\n<\/ul>\n<\/li>\n<li>Business Idea\n<ul>\n<li>Product and service offered<\/li>\n<li>Market analysis<\/li>\n<li>Supporting documents (e.g. licensing agreements, product certifications and endorsements)<\/li>\n<\/ul>\n<\/li>\n<li>Implementation Plan\n<ul>\n<li>Market plan<\/li>\n<li>Operation plan<\/li>\n<li>Financial projections<\/li>\n<li>Profile of management team<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>What is the Application Procedure like?<\/h2>\n<p>The EntrePass application can be made by the applicant or an agency on behalf of the candidate.<\/p>\n<p>The procedure is as follows:<\/p>\n<ol>\n<li>The EntrePass application form is submitted, along with its supporting documents. MOM may take <strong>up to eight weeks to process the application<\/strong>. The processing period may be extended if any further clarification is required.<\/li>\n<li>Upon approval of the application, an <strong>in-principle approval letter (IPA)<\/strong> will be issued. The applicant will have <strong>thirty days to register<\/strong> the company with ACRA.<\/li>\n<li>The applicant will also have<strong> six months to enter Singapore<\/strong> and request for the <strong>EntrePass to be issued<\/strong>.<\/li>\n<li>The applicant may be <strong>required to register his or her fingerprints and photos taken<\/strong> for the issuance of the pass.<\/li>\n<li>The EntrePass card will be <strong>delivered within 4 days<\/strong>.<\/li>\n<\/ol>\n<p>Go to <a href=\"https:\/\/www.mom.gov.sg\/passes-and-permits\/entrepass\" target=\"_blank\" rel=\"noopener\">MOM EntrePass<\/a> for the most updated details.<\/p>\n<p>&nbsp;<\/p>\n<h2>What happens if the Entrepreneur Pass Application is Rejected?<\/h2>\n<p>In the event that the EntrePass application is rejected by the MOM, the applicant can file an appeal within 90 days of the rejection notice. MOM will then take up to eight (8) weeks to process the appeal application.<\/p>\n<p>Note: Please do not hesitate to <a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/timcole.com.sg\/contact-us\/\">bring your situation to us<\/a> in the case of an unsuccessful application. <strong>Timcole<\/strong>, a professional firm with vast experience in work-pass services, can assist in investigating why your EntrePass application is rejected. Based on the reasons provided by the MOM, we will refine your application and business plan and submit an appeal on your behalf.<\/p>\n<p>&nbsp;<\/p>\n<h2>How to Renew your EntrePass?<\/h2>\n<p>A new EntrePass will be valid for one year. The first renewal will be a one year extension with subsequent renewals being valid for 2 years.<\/p>\n<p>To be eligible for a renewal of an EntrePass, the EntrePass holder must meet the following criteria:<\/p>\n<ul>\n<li>Show documented proof of ongoing business activity as presented in the original business plan\n<ul>\n<li>Most recent audited <a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/timcole.com.sg\/compilation-of-financial-statement\/\">financial statements<\/a><\/li>\n<li>CPF statements of company\u2019s employees<\/li>\n<li>Employees\u2019 educational certificates<\/li>\n<li>Tenancy agreements<\/li>\n<li>Company\u2019s ACRA registration information<\/li>\n<li>Company\u2019s bank statements for the past 3 months<\/li>\n<li>Recent invoices or contracts<\/li>\n<\/ul>\n<\/li>\n<li>Own 30% of company\u2019s shares<\/li>\n<li>The company must meet the minimum annual total business spending (TBS) and local employee requirements according to the MOM regulations (see table below for more details)<\/li>\n<\/ul>\n<table style=\"border-collapse: collapse; width: 100%;\" border=\"1\">\n<tbody>\n<tr style=\"background-color: #ffdcab;\">\n<td style=\"width: 20.7989%;\"><strong>Number of years<\/strong><br \/>\n<strong>holding an EntrePass<\/strong><\/td>\n<td style=\"width: 19.8346%;\"><strong>Minimum Annual <\/strong><br \/>\n<strong>Business Spending<\/strong><\/td>\n<td style=\"width: 59.3664%;\"><strong>Number of Local Employees<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 20.7989%;\">1<\/td>\n<td style=\"width: 19.8346%;\">0<\/td>\n<td style=\"width: 59.3664%;\">0<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 20.7989%;\">2<\/td>\n<td style=\"width: 19.8346%;\">S$100,000<\/td>\n<td style=\"width: 59.3664%;\">3 local full-time employees or 1 local professional, manager or executive<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 20.7989%;\">4<\/td>\n<td style=\"width: 19.8346%;\">S$200,000<\/td>\n<td style=\"width: 59.3664%;\">6 local full-time employees or 2 local professional, manager or executive<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 20.7989%;\">6<\/td>\n<td style=\"width: 19.8346%;\">S$600,000<\/td>\n<td style=\"width: 59.3664%;\">9 local full-time employees or 3 local professional, manager or executive<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 20.7989%;\">8 or more<\/td>\n<td style=\"width: 19.8346%;\">S$400,000<\/td>\n<td style=\"width: 59.3664%;\">12 local full-time employees or 4 local professional, manager or executive<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>According to the MOM, a local full-time employee is defined as a Singapore citizen or permanent resident earning a monthly salary of at least S$1,100 with CPF contributions of at least 3 months. A local professional, manager or executive is defined as a Singapore citizen or permanent resident earning a monthly salary of at least S$3,600 with CPF contributions of at least 3 months.<\/p>\n<p>The company\u2019s minimum annual business spending excludes the following expenditures:<\/p>\n<ul>\n<li>Expenses due to purchasing royalties or franchises and technical know-how fees from overseas companies<\/li>\n<li>Expenses due to work outsourced overseas<\/li>\n<li>Payments to company\u2019s EntrePass holder(s)<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>What businesses are not eligible to apply?<\/h2>\n<p>Note that not all types of businesses are eligible under the EntrePass scheme.<\/p>\n<p>According to the Ministry of Manpower (MOM), the following businesses do not qualify for the EntrePass scheme:<\/p>\n<ul>\n<li>Coffee shops, hawker centres and food courts<\/li>\n<li>Bars, night clubs and karaoke lounges<\/li>\n<li>Foot reflexology and massage parlours<\/li>\n<li>Traditional Chinese medicine (TCM), acupuncture, and herbal dispensaries<\/li>\n<li>Employment agencies<\/li>\n<li>Geomancy businesses<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>How can Timcole Increase your Chance with your EntrePass Application?<\/h2>\n<ul>\n<li>We have a lot experience for Entry Pass application for pass few year.<\/li>\n<li><strong>We will advise and assist in the preparation of your EntrePass application<\/strong> and ensuring that all necessary supporting documents are included to minimize delays and maximize approval.<\/li>\n<li><strong>Prepare a comprehensive business plan<\/strong> on your behalf, based on the information you have provided on your new business.<\/li>\n<li><strong>Submit and track<\/strong> your application status on your behalf.<\/li>\n<li>In the case of a rejection, We will <strong>review and explore the reasons<\/strong> with the relevant authorities and file an appeal on your behalf.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>What is the Renewing Procedure like?<\/h2>\n<p>3 months prior to the expiry of the EntrePass, you will receive a renewal form from the MOM. After completion of the renewal form, you must mail it, along with supporting documents listed above, to the below address:<br \/>\nWork Pass Division, Ministry of Manpower, 18 Havelock Road, Singapore 059764<\/p>\n<p>The renewal process will take around 8 weeks.<\/p>\n<p>&nbsp;<\/p>\n<h2>Applying Passes for the Family<\/h2>\n<p>An EntrePass holder can bring certain family members into Singapore by applying for them a <a href=\"https:\/\/glutenfreepleasure.com\/__proxy_domain\/timcole.com.sg\/dependants-pass-letter-of-consent\/\">Dependant\u2019s Pass<\/a> or Long Term Visit Pass.<\/p>\n<p>Eligible family members to apply for a Dependant\u2019s Pass include:<\/p>\n<ul>\n<li>Legally married spouse<\/li>\n<li>Unmarried children under the age of 21 years (including those legally adopted)<\/li>\n<\/ul>\n<p>To qualify for the application of Dependant\u2019s Pass, the EntrePass holder must meet the Year 2 renewal criteria.<\/p>\n<p>Eligible family members to apply for a Long Term Visit Pass include:<\/p>\n<ul>\n<li>Common-law spouse<\/li>\n<li>Unmarried handicapped children above the age of 21 years<\/li>\n<li>Unmarried step-children under the age of 21 years<\/li>\n<li>Parents<\/li>\n<\/ul>\n<p>In order to be eligible for the pass applications, the EntrePass holder must meet a minimum annual business spending and local hiring requirements as seen below:<\/p>\n<table style=\"border-collapse: collapse; width: 100%;\" border=\"1\">\n<tbody>\n<tr style=\"background-color: #e2f2fd;\">\n<td style=\"width: 33.3333%;\"><strong>Family Member<\/strong><\/td>\n<td style=\"width: 33.3333%;\"><strong>Minimum Annual Business Spending<\/strong><\/td>\n<td style=\"width: 33.3333%;\"><strong>Local Hiring Requirements<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 33.3333%;\">\n<ul>\n<li>Common-law or legally married spouse<\/li>\n<li>children<\/li>\n<\/ul>\n<\/td>\n<td style=\"width: 33.3333%;\">S$100,000<\/td>\n<td style=\"width: 33.3333%;\">3 local full-time employees<br \/>\nor<br \/>\n1 local professional, manager or executive<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 33.3333%;\">\n<ul>\n<li>Parents<\/li>\n<\/ul>\n<\/td>\n<td style=\"width: 33.3333%;\">S$200,000<\/td>\n<td style=\"width: 33.3333%;\">6 local full-time employees<br \/>\nor<br \/>\n2 local professional, manager or executive<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>According to the MOM, a local full-time employee is defined as a Singapore citizen or permanent resident earning a monthly salary of at least S$1,100 with CPF contributions of at least 3 months. A local professional, manager or executive is defined as a Singapore citizen or permanent resident earning a monthly salary of at least S$3,600 with CPF contributions of at least 3 months.<\/p>\n<p>The company\u2019s minimum annual business spending excludes the following expenditures:<\/p>\n<ul>\n<li>Expenses due to purchasing royalties or franchises and technical know-how fees from overseas companies<\/li>\n<li>Expenses due to work outsourced overseas<\/li>\n<li>Payments to company\u2019s EntrePass holder(s)<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>Are EntrePass Holders eligible to apply for Permanent Residence (PR) In Singapore?<\/h2>\n<p>Yes! EntrePass holders are eligible to apply for Permanent Residence (PR) in Singapore.<\/p>\n<p>It is advisable to wait for <strong>at least six months<\/strong> to meet one of the assessing criteria requiring a submission of a minimum six months payslip and preferably an IRAS tax assessment.<\/p>\n<p>The PR application is made through the Professionals\/Technical Personnel and Skilled Worker scheme at the Immigration and Checkpoint Authority (ICA). ICA will evaluate according to the applicant\u2019s personal particular, background, length of stay, and also, the financial state of the applicant\u2019s business.<\/p>\n<p>It is strongly advised to hire the professional service of a corporate service provider to review your PR application. At Timcole, we provide expert guidance to assure a smooth execution of your PR application.<\/p>\n<p>&nbsp;<\/p>\n<h2>Does a Singapore EntrePass holder needs to notify changes with the MOM?<\/h2>\n<p>An EntrePass holder must notify the MOM if there are any changes in:<\/p>\n<ul>\n<li>Business activity<\/li>\n<li>Company name<\/li>\n<li>Company\u2019s financial information<\/li>\n<li>Company address<\/li>\n<li>Salary<\/li>\n<li>Occupation<\/li>\n<li>Residential address<\/li>\n<li>Personal particulars<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>How can I Replace the Entrepreneur Card?<\/h2>\n<p>If a entrepreneur card is lost, stolen or damaged, the holder must apply for a replacement within a week. A police report (in English) must be included in the application if the card was stolen.<\/p>\n<p>If the EntrePass holder is overseas during the event, he or she must notify MOM immediately and a letter will be issued to allow the holder to enter Singapore.<\/p>\n<p>Otherwise, replacement card applications can be completed through EP Online. For the application, the holder will be required to submit a fee of:<\/p>\n<ul>\n<li>S$60 for damaged cards; or<\/li>\n<li>S$100 for first lost card and S$300 for any subsequent lost cards<\/li>\n<\/ul>\n<p>Upon approval, the pass holder has 4 working days to collect the new card at the Employment Pass Services Centre.<\/p>\n<p>&nbsp;<\/p>\n<h2>Cancellation of EntrePass<\/h2>\n<p>EntrePass holders must cancel their EntrePass if they cease business operation. The cancellation is immediate and all family passes associated with the EntrePass will also be cancelled.<\/p>\n<p>Upon cancellation of the EntrePass, the EntrePass holder must pay any outstanding income taxes and receive tax clearance from the Inland Revenue Authority of Singapore (IRAS).<\/p>\n<p>The EntrePass holder must also return his or her card to MOM within 1 week of cancellation.[\/vc_column_text]<div class=\"ult-spacer spacer-6aa6f14c4eb7e\" data-id=\"6aa6f14c4eb7e\" data-height=\"20\" data-height-mobile=\"20\" data-height-tab=\"20\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[\/vc_column][\/vc_row][vc_row content_placement=&#8221;middle&#8221;][vc_column width=&#8221;1\/2&#8243;][vc_single_image image=&#8221;6486&#8243; img_size=&#8221;full&#8221;][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_custom_heading text=&#8221;How Timcole can Help You&#8221; font_container=&#8221;tag:h2|text_align:left|line_height:1.3&#8243; use_theme_fonts=&#8221;yes&#8221;]<div class=\"ult-spacer spacer-6aa6f14c4eb87\" data-id=\"6aa6f14c4eb87\" data-height=\"10\" data-height-mobile=\"10\" data-height-tab=\"10\" data-height-tab-portrait=\"\" data-height-mobile-landscape=\"\" style=\"clear:both;display:block;\"><\/div>[vc_column_text]<\/p>\n<p style=\"font-size: 18px;\">We are a licensed employment agency registered with the Ministry of Manpower and offer a full spectrum of work pass services. Call us at +65\u00a09882 2773 or contact us now for a free consultation.<\/p>\n<p>[\/vc_column_text][vc_btn title=&#8221;SECURE MY ENTREPASS&#8221; color=&#8221;danger&#8221; size=&#8221;lg&#8221; link=&#8221;url:https%3A%2F%2Fwa.me%2F6580981313%3Ftext%3DHi%2520Timcole%252C%2520I%2527m%2520interested%2520to%2520know%2520more%2520about%2520your%2520Services.|||&#8221;][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_single_image image=&#8221;2952&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/2&#8243;][vc_custom_heading text=&#8221;Singapore EntrePass&#8221; font_container=&#8221;tag:h1|font_size:36|text_align:left|line_height:1.3&#8243; use_theme_fonts=&#8221;yes&#8221;][vc_column_text]Last Update: Aug 2022 Are you an entrepreneur looking to set up a business in Singapore? If so, you may be eligible to apply for a Singapore Entrepreneur Pass (EntrePass). After the enhancement of the EntrePass scheme in 2017, it is now easier for international entrepreneurs to&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":84,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/timcole.com.sg\/wp-json\/wp\/v2\/pages\/1204"}],"collection":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/timcole.com.sg\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/timcole.com.sg\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/timcole.com.sg\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/timcole.com.sg\/wp-json\/wp\/v2\/comments?post=1204"}],"version-history":[{"count":76,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/timcole.com.sg\/wp-json\/wp\/v2\/pages\/1204\/revisions"}],"predecessor-version":[{"id":6526,"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/timcole.com.sg\/wp-json\/wp\/v2\/pages\/1204\/revisions\/6526"}],"wp:attachment":[{"href":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/timcole.com.sg\/wp-json\/wp\/v2\/media?parent=1204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}