Employment Entrepreneur Pass Services

Introduction of Employment Entrepreneur Pass Singapore (EntrePass)
A business is an initiative that a large number of us dream of. To start one and run it smoothly is not a task that is as easy as pie. It takes effort, mistakes, and lessons learned from them. The very next step for a business to flourish is its expansion.

The EntrePass is the validation for foreign entrepreneurs to run their businesses in Singapore. Trust Partners is an agency licensed by the Ministry of Manpower (MOM) Singapore and specializes in employment, HR, and consultancy services. The process of applying and availing an EntrePass to establish your business in Singapore is made easier and hassle-free at Trust Partners.

EntrePass – What is it?
If you are an entrepreneur looking to expand your business and want to operate in Singapore, EntrePass is mandatory. The EntrePass is a work pass that allows foreign entrepreneurs, investors and innovators from various countries around the globe to establish their innovation-oriented businesses in Singapore.

For availing an EntrePass,

• An eligible individual can apply directly
• No stipulated minimum salary is required

Read on to know about the eligibility for availing an EntrePass, how to apply for one, and the documents required for the same. We, at Trust Partners, guide you throughout the process of obtaining an EntrePass and ensuring a clear procedure.

Eligibility – Who can apply and who cannot?

The Entrepreneur Pass holds an eligibility criteria as to who can apply and what they require.

As mentioned above, the EntrePass is for foreign entrepreneurs, investors and innovators. To be more specific, candidates of all nationalities can apply. There are two conditions for applying for an EntrePass.

• If you have started a private limited company (that is venture-backed or possesses innovative technologies) or intend to start one.
• If your company is registered, the company must be within six months of registration on the date of application.
• If your company is not registered, you can do that once you know the results of your application.

Innovative Criteria: It is necessary to fulfill any of the criteria listed below for entrepreneur, innovator or investor. Meeting multiple criteria and qualifications would improve your application’s outlook.

Entrepreneur: The business should have raised a funding of at least $100,000 from a government-recognised venture capitalist (or) The business should be an incubatee at an incubator in Singapore that is recognised by the Government of Singapore (or) The business has remarkable experience business and corresponding networks.

Innovator: The candidate or the business should hold an intellectual property (IP) which is registered with an approved national intellectual property institution (or) The candidate possesses outstanding expertise in the field of your business.

Investor: You have an appreciable track record of investing in a good number of businesses and intend to invest in existing and upcoming businesses in Singapore, by starting a company , devoted to investment-related tasks.

There is an exception to the businesses/companies that can apply for an Entrepreneur Pass. They are:

• Coffee shops, hawker centres, food courts
• Bar, night clubs, karaoke lounges
• Foot reflexology, massage parlors
• Acupuncture, traditional Chinese medicine, herbal dispensing businesses
• Employment agencies
• Germany businesses

EntrePass Application – How to apply?

To apply for an EntrePass, you can apply online by downloading the application from the official website Ministry of Manpower (MOM).

A sum of $105 must be paid when submitting the application. A period of 8 weeks is the time it takes to process the application. The status of your application can be checked from 3 weeks after its submission. Request a cost-free assessment now

Required Documents

The documents that are necessary to be submitted along with the application for EntrePass are:

• Personal details in your passport.
• Resume with elaborate details of previous professional experiences and awards, if any.
• A business plan (in English) with a maximum of ten pages, which must contain the details of the products or services offered by the business, market analysis, operation plan, profile of the management team and the supporting documents such as licensing agreements, product certificates, endorsement patents, etc.

EntrePass – Renewal

In order to renew the EntrePass you hold, applying for renewal should be done three months before the expiration of your EntrePass.

• Start applying when you receive the renewal form, three months before the pass expires and submit the application along with the necessary documents, two months before your pass expires.
• A sum of $225 is to be paid for the renewal of EntrePass.
• The duration of the Entrepreneur Pass is one year for the first renewal and two years for every subsequent renewal.

Passes for Family Members

Being an EntrePass holder, you can obtain passes for your family members to join you in Singapore, provided you meet the requirements of minimum annual business spending and local employment.

The type of pass for family members varies. For legally married spouse and unmarried children below 21 years, you can avail a Dependent’s Pass. For parents, you can avail a Long-Term Visit Pass.

Why Trust Partners?

Trust Partners is a Singapore-based agency providing employment, HR and consultancy services. We are a firm that is licensed by the Ministry of Manpower (MOM). The professionals at Trust Partners have notable experience in the various services.

An EntrePass for your company is significant when you wish to operate your company in Singapore. We, at Trust Partners, aid you in this process of applying for and availing an EntrePass and make it a completely simple and smooth procedure, by clearing your queries and keeping you posted about the progress in your application’s status.