Entrepreneur Pass (Entrepass) + Company Incorporation Package

Successful business people are not necessarily college graduates. If you’re a foreign individual without a university degree or professional qualification but have a proven track record of successful entrepreneurial experience, then this package is the one for you.

Be the next top Singapore entrepreneur in just 3 simple steps!

It doesn’t always take a Harvard business graduate to build a successful business. If you want to incorporate a company in Singapore, have a strong entrepreneurial background, a well-written business plan and a minimum sum of SGD 50,000 investment capital, then this is the package caters to your unique business needs.

The Entrepreneur Pass, or commonly known as EntrePass, is designed for the foreign Entrepreneur who holds no formal educational qualifications but has proven track records of successful business ventures or unique business ideas with potential economic development. This pass is also for those who do not qualify for the Employment Pass.

On 28 September 2009, the Singapore government revised its Entrepass application requirements, making the process more rigorous and complex. The comprehensive services we provide can help you simplify this lengthy process, and help maximise your chances of getting an EntrePass in just 3 Simple Steps.

STEP 1

We’ll incorporate your company for you using our local resident Nominee Director Service for a temporary period. Once you secure your EntrePass, we’ll immediately transfer the company directorship over to you.

Things you’ll need for Company Incorporation

You’ll need to fulfil the following requirements to register your business:

  • Minimum 1 Shareholder + 1 Resident Director + 1 Company Secretary
  • A local registered office address
  • Must register a Private Limited Company with minimum paid-up capital of S$50,000
  • Owns 30% – 100% of the shares in the company

STEP 2

We gather all necessary documents from you and apply for your EntrePass.

Things you’ll need for an EntrePass application

The Ministry of Manpower will assess your eligibility based on the following factors:

  • Have relevant experience and track record in building a businesses or a unique business proposition
  • Submit a 10-page business plan detailing business goals, objectives and total business spending
  • Meet minimum local employment requirements within a one-year period

Business Plan Requirements

Your business idea must be entrepreneurial in nature.

To apply for the Entrepass, you must first submit a comprehensive 10-page business plan outlining the goals and objectives of the proposed business venture plan. This proposal must also include a strategy to meet the requirements of Ministry of Manpower (MOM). We have professional business plan writers who can help you express your entrepreneurial ideas in a clear and concise manner for approval by the MOM.

Your business plan must also meet the minimum local employment requirements within a 1-year period and must demonstrate a Total Business Spending (TBS) as follows depending on the pass type:

  • P1 Pass
    8 local employees with TBS of S$300,000
  • P2 Pass
    4 local employees with TBS of S$150,000
  • Q1 Pass
    2 local employees with TBS of S$100,000

STEP 3

Once you get your EntrePass, we will immediately transfer the company’s directorship to you. All you have to do now is move to Singapore and run your business.

What if you only wish to incorporate a Singapore company but not move here?

The Singapore Companies Act requires all foreign individuals looking to incorporate a company to engage a professional firm and meet the minimum requirements of one shareholder, one Resident Director, and one Resident Company Secretary to register a company.

If you’re not planning to leave your current country of residence but still want to incorporate a Singapore company, then our Nominee Director Service + Company Incorporation Package is most suitable for your needs.