Starting a business in a foreign country can be a daunting prospect. The paperwork, legal requirements, and cultural nuances are enough to make any entrepreneur’s head spin. But when it comes to Singapore, the government has created a streamlined pathway specifically designed for foreign innovators through the EntrePass program.
We’ve worked with dozens of foreign entrepreneurs who have successfully navigated the EntrePass Singapore application process. Time and again, we’ve seen how this startup visa creates incredible opportunities for business owners from around the world who are looking to tap into Singapore’s thriving economy and strategic location in Southeast Asia.
The EntrePass isn’t just another business permit for foreigners – it’s Singapore’s invitation to innovative minds worldwide to contribute to its growing reputation as a global business hub. Let’s dive into everything you need to know about securing this coveted startup visa and getting your business off the ground in Singapore.
What Exactly is the EntrePass Singapore?
The EntrePass (Entrepreneur Pass) is essentially a work visa specifically designed for foreign entrepreneurs who want to start and operate a business in Singapore. It’s the government’s way of rolling out the red carpet for innovative business minds who can contribute to the local economy.
We’ve seen the EntrePass program evolve significantly over the years. Initially launched in 2003, the program has been refined multiple times to better attract and support foreign talent. The most recent revamp in 2017 placed greater emphasis on innovation and entrepreneurial track records.
Here’s what makes the EntrePass stand out from other business permits for foreigners:
- Unlike traditional employment passes, the EntrePass is specifically tailored for company founders and entrepreneurs
- It allows foreigners to incorporate and run a Singapore-based private limited company
- The visa is initially granted for one year and can be renewed for two years at a time thereafter
- It provides a pathway to permanent residency for successful entrepreneurs
- Holders can bring their immediate family members to Singapore under dependent passes
- There’s no minimum salary requirement, unlike other work visas
The EntrePass serves as the cornerstone of Singapore’s strategy to position itself as Asia’s premier startup ecosystem. With this startup visa, the government aims to attract entrepreneurs who can create jobs, drive innovation, and contribute to economic growth.
EntrePass Eligibility: Do You Qualify as a Foreign Entrepreneur?
Not just anyone can waltz in and secure an EntrePass. The Singapore government has established specific criteria to ensure only serious entrepreneurs with viable business plans get approved. The eligibility requirements have been fine-tuned over the years to focus on innovation and growth potential.
We’ve guided countless entrepreneurs through the qualification process, and the common thread among successful applicants is a solid business concept with genuine innovation potential. The authorities are looking for businesses that can scale, create jobs, and potentially disrupt industries – not just another run-of-the-mill operation.
Primary Eligibility Criteria for EntrePass Singapore:
- Innovative Business Idea: Your business must involve innovation, meaning new products, services, or business models with growth potential
- Company Registration: The company must be registered as a private limited company in Singapore (or you intend to register one)
- Business Ownership: You must own at least 30% of the company’s shares
- Qualifications: You should possess entrepreneurial background, relevant experience, or notable achievements in your field
- Funding Potential: Evidence that your business can attract investment is a significant plus
- Network Connections: Demonstrate connections with relevant industry players and research institutions
- Business Plan: A comprehensive and viable business plan is essential
The eligibility criteria are structured around three types of entrepreneurs:
- The Innovator: For those with a track record of innovative achievements
- The Investor: For those with investment track records and business networks
- The Establishment Owner: For those with a track record of successful business ventures
Frustratingly, we’ve seen many entrepreneurs focus too much on their personal qualifications while neglecting to demonstrate how their business aligns with Singapore’s economic priorities. It’s not just about your past achievements – it’s about how your venture will contribute to Singapore’s future.
Read also: A Complete Guide for a Foreigner Opening Business in Singapore 2025
The EntrePass Application Process: Step-by-Step Guide
Navigating the EntrePass application process can feel like trying to solve a puzzle without seeing the full picture. We’ve helped streamline this journey for many foreign entrepreneurs, and while the process has become more transparent over time, it still requires careful attention to detail.
The EntrePass application can be broken down into several key stages:
1. Prepare Your Application Materials
Before submitting anything, you’ll need to gather comprehensive documentation, including:
- A detailed business plan (this is absolutely crucial)
- Your educational certificates and professional qualifications
- Evidence of past entrepreneurial experiences
- Financial statements or funding commitments
- Letters of support from relevant industry partners or government agencies
- Your passport and personal identification documents
Pro tip: Your business plan isn’t just a formality – it’s the backbone of your application. We’ve seen applications with brilliant entrepreneurs get rejected simply because their business plans lacked sufficient detail or failed to align with Singapore’s economic priorities.
2. Company Registration Considerations
You have two options regarding company registration:
- Option A: Register your Singapore company first, then apply for the EntrePass
- Option B: Apply for the EntrePass first, then register your company upon approval
Most entrepreneurs we work with opt for Option B to avoid unnecessary costs if the EntrePass application is unsuccessful. However, having an established company can sometimes strengthen your application.
3. Submit Your Application
The EntrePass application is submitted online through the Ministry of Manpower (MOM) website. The current application fee is SGD 105, which is non-refundable regardless of the outcome.
The online submission process has been streamlined over the years, but it can still take 2-3 hours to complete if you have all your documents ready. Make sure you have stable internet connection and enough time set aside – we’ve seen applicants get frustrated when the system times out mid-application!
4. Wait for Processing
The processing time typically ranges from 3 to 8 weeks. Occasionally, the authorities may request additional information during this period.
This waiting period can be nerve-wracking, but resist the urge to constantly check for updates. The system will notify you when there’s movement on your application. We’ve had clients drive themselves crazy refreshing their email every few minutes during this waiting period!
5. In-Principle Approval and Issuance
If approved, you’ll receive an In-Principle Approval (IPA) letter. At this stage, you’ll need to:
- If you haven’t already, register your company with ACRA (Accounting and Corporate Regulatory Authority)
- Pay the EntrePass issuance fee of SGD 225
- Complete a medical examination
- Attend an appointment at the Employment Pass Services Centre to collect your pass
6. Post-Approval Requirements
Once you have your EntrePass, you’ll need to fulfill certain requirements to maintain and eventually renew it:
- Actively operate your business as outlined in your business plan
- Submit annual business updates to MOM
- Demonstrate business growth metrics during renewal applications
- Meet minimum local employment requirements (typically at least 3 local employees by the first renewal)
One particularly tricky aspect that catches many entrepreneurs off guard is the local employment requirement. By your first renewal, MOM expects to see that you’ve created jobs for Singaporeans or permanent residents. This isn’t just a suggestion – it’s a key renewal criterion.
Benefits of the EntrePass for Foreign Entrepreneurs
The EntrePass program offers foreign entrepreneurs a treasure trove of advantages that extend well beyond simply the legal right to operate a business in Singapore. We’ve witnessed firsthand how these benefits have transformed fledgling startups into thriving global enterprises.
Access to Singapore’s Strategic Business Environment
Singapore’s position as a gateway to Asia cannot be overstated. The country sits at the crossroads of major Asian markets, providing EntrePass holders with unparalleled access to:
- A combined market of over 4 billion people within a 7-hour flight radius
- Strong trade relationships with China, India, and ASEAN countries
- Over 25 implemented free trade agreements with major economies
- One of the world’s busiest shipping ports and aviation hubs
A client from the UK who secured an EntrePass for his fintech startup was amazed at how quickly he could establish partnerships across Southeast Asia. “Being in Singapore opened doors I didn’t even know existed,” he told us. This strategic location advantage is something that simply can’t be replicated elsewhere.
Tax Benefits and Financial Incentives
Singapore’s tax system is designed to encourage entrepreneurship and business growth:
- Corporate tax rate of 17% (one of the lowest in the world)
- Extensive network of tax treaties to prevent double taxation
- Tax exemption schemes for new startups (partial exemption on first SGD 300,000 of chargeable income)
- Numerous grants and incentives for qualifying businesses
- No capital gains tax
- No dividend tax
We’ve worked with entrepreneurs who were able to reinvest the tax savings into scaling their businesses much faster than they could have in their home countries. The difference can be substantial, especially for high-growth startups where cash flow is critical.
Robust Intellectual Property Protection
For innovative businesses, intellectual property (IP) protection is non-negotiable. Singapore offers:
- Strong legal framework for IP protection
- Efficient patent, trademark, and copyright registration systems
- Specialized IP courts
- Participation in major international IP conventions and treaties
This level of protection has proven invaluable for our clients in technology and innovation-heavy industries. One entrepreneur in the biotech space specifically chose Singapore over other Asian hubs because of this robust IP regime.
Quality of Life and Family Benefits
The EntrePass isn’t just about business – it’s about creating a new life:
- Dependant’s Pass for spouse and children under 21
- World-class education system with international schools
- Excellent healthcare infrastructure
- Safe environment with low crime rates
- Vibrant multicultural society
- High standard of living
Many entrepreneurs we’ve assisted have cited Singapore’s family-friendly environment as a major factor in their decision. The ability to provide excellent education and healthcare for their children while pursuing business ambitions creates a compelling package.
Pathway to Permanent Residency
For those looking at long-term settlement, the EntrePass can serve as a stepping stone:
- After 2-3 years of successful business operation, EntrePass holders may apply for Permanent Residency (PR)
- PR status offers additional benefits like CPF (Central Provident Fund) participation
- Eventually, PR holders may apply for Singapore citizenship (if desired)
We’ve seen entrepreneurs who initially came just to test the market end up making Singapore their permanent home after experiencing its advantages. The pathway from EntrePass to PR is well-established, though it does require demonstrating business success and contribution to the local economy.
Common Challenges and How to Overcome Them
Despite the well-structured EntrePass program, foreign entrepreneurs invariably face hurdles along the way. We’ve helped clients navigate these challenges countless times, and certain patterns have emerged. Understanding these common roadblocks can save you significant time and frustration.
Challenge #1: Meeting Innovation Requirements
One of the most frequent reasons for EntrePass rejection is failing to adequately demonstrate innovation. The authorities aren’t looking for just any business – they want ventures that bring something new to the table.
How to overcome it:
- Clearly articulate your unique value proposition
- Provide evidence of proprietary technology or methods
- Highlight any patents, trademarks, or intellectual property
- Explain how your innovation addresses existing market gaps
- Demonstrate scalability beyond the Singapore market
We once worked with a retail entrepreneur who was initially rejected because his business model appeared too conventional. After helping him reposition his application to emphasize his innovative inventory management technology, his second application was approved.
Challenge #2: Funding Verification
Proving sufficient funding can be another stumbling block, especially for early-stage entrepreneurs.
How to overcome it:
- Provide detailed financial projections with realistic assumptions
- Secure and document commitments from investors (even if preliminary)
- Demonstrate personal financial capacity
- Include letters of intent from potential clients or partners
- Consider seeking endorsement from a Singapore-based accelerator or incubator
The funding amount isn’t fixed, but we typically see successful applications showing access to at least SGD 50,000-100,000 in initial capital, depending on the industry and business model.
Challenge #3: Local Employment Creation
Many EntrePass holders struggle with the requirement to hire local employees, especially in the early stages when the founder might be doing most of the work.
How to overcome it:
- Create a clear hiring plan as part of your business strategy
- Consider part-time or flexible arrangements initially
- Explore internship programs with local universities
- Connect with professional HR services that specialize in local hiring
- Network at industry events to build a talent pipeline
This challenge has become even more manageable with the rise of co-working spaces and professional networking groups in Singapore, which provide excellent venues for meeting potential local talent.
Challenge #4: Business Viability Proof
Convincing the authorities that your business can succeed in the Singaporean context can be challenging, especially without a local track record.
How to overcome it:
- Conduct and include detailed market research specific to Singapore and regional markets
- Provide case studies of similar successful businesses (elsewhere or in Singapore)
- Secure letters of intent from potential customers or partners
- Develop relationships with industry associations or chambers of commerce
- Consider running a small pilot or proof-of-concept before full application
The entrepreneurs who overcome this challenge most effectively are those who take the time to truly understand the local market dynamics rather than assuming what worked elsewhere will automatically work in Singapore.
Challenge #5: Renewal Requirements
Many entrepreneurs focus so much on the initial application that they neglect to plan for renewal requirements, which are actually more stringent.
How to overcome it:
- Understand renewal criteria from day one
- Document business milestones and achievements continuously
- Maintain detailed records of local hiring and business development
- Set specific growth targets aligned with MOM’s expectations
- Consider engaging professional advice for renewal strategy
Planning for renewal should begin immediately after receiving your initial EntrePass. We’ve helped many clients develop “renewal roadmaps” with specific milestones to ensure they stay on track.
EntrePass vs. Other Singapore Business Visas
The EntrePass isn’t the only option for foreign entrepreneurs looking to establish a presence in Singapore. Understanding how it compares to other visa types can help you determine which path best suits your specific situation.
We’ve guided clients through this decision-making process numerous times, and the right choice often depends on unique factors like business stage, funding level, and personal qualifications. Here’s how the EntrePass stacks up against the alternatives:
EntrePass vs. Employment Pass (EP)
The Employment Pass is designed for foreign professionals employed by Singapore companies, while the EntrePass targets entrepreneurs and company founders.
Key differences:
- Salary Requirements: EPs require a minimum monthly salary (currently SGD 5,000 for younger applicants and more for experienced ones), while EntrePass focuses on business innovation and potential
- Application Timing: EP applications typically require an existing company, while EntrePass can be applied for before company formation
- Renewal Considerations: EP renewals focus on employment continuation, while EntrePass renewals emphasize business growth and local hiring
- Job Flexibility: EP holders are tied to a specific employer, while EntrePass holders have flexibility in running their own business
We’ve had clients who initially entered Singapore on an EP while working for another company, then transitioned to an EntrePass when ready to launch their own venture. This can be a valid strategy in some cases.
EntrePass vs. Global Investor Programme (GIP)
The GIP is designed for high-net-worth individuals willing to make substantial investments in Singapore.
Key differences:
- Financial Requirements: GIP requires a minimum investment of SGD 2.5 million, while EntrePass has no specific investment threshold (though adequate funding must be demonstrated)
- Business Focus: GIP offers more flexibility in investment options, while EntrePass specifically targets innovative startups and growth companies
- Immigration Status: GIP leads directly to Permanent Residency, while EntrePass is a work visa that can eventually lead to PR
- Application Complexity: GIP applications tend to be more complex and scrutinized given the larger investment amounts
The GIP is typically suited for established business owners or investors, while the EntrePass is more appropriate for active entrepreneurs building new ventures.
EntrePass vs. Tech.Pass
The Tech.Pass is Singapore’s newest visa option, specifically targeting established tech entrepreneurs and experts.
Key differences:
- Eligibility: Tech.Pass requires a proven track record in the tech industry (such as a senior position in a tech company or successful entrepreneurial history), while EntrePass has broader innovation criteria
- Flexibility: Tech.Pass offers more flexibility, allowing holders to start companies, work for multiple companies, or mentor startups
- Duration: Tech.Pass is valid for two years initially, compared to one year for EntrePass
- Application Process: Tech.Pass has a quota system with specific application windows, while EntrePass applications can be submitted anytime
We’ve seen tech entrepreneurs debate between these options, with the decision often coming down to whether they want maximum flexibility (Tech.Pass) or are focused specifically on building a single venture (EntrePass).
EntrePass vs. Startup SG Founder Programme
While not a visa program itself, the Startup SG Founder programme is often considered alongside visa options as it provides government support for entrepreneurs.
Key considerations:
- Startup SG Founder provides mentorship and startup capital grants (up to SGD 50,000, matched 3:1)
- It’s open to both locals and foreigners, but foreigners would still need a valid visa (like the EntrePass)
- The program has specific industry focus areas aligned with Singapore’s economic priorities
- Applications require endorsement by approved incubators or accelerators
Several of our EntrePass clients have successfully combined their visa application with Startup SG Founder participation, creating a powerful foundation for their Singapore business journey.
Conclusion: Is the EntrePass Right for Your Entrepreneurial Journey?
After walking you through the EntrePass program’s requirements, benefits, and renewal criteria, you might be wondering whether EntrePass is the right launchpad for your business in Singapore. At Bizsquare, we believe that this scheme can unlock tremendous opportunities—but only if you have the right support, planning, and local insights to turn your vision into reality.
Why Bizsquare Is Your Ideal Partner
I’ve worked with countless entrepreneurs who buckle under the weight of paperwork, compliance deadlines, and the challenge of building local credibility. That’s why we at Bizsquare have tailored our EntrePass support around four core offerings that every startup needs:
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Company Incorporation
We handle everything from choosing the right business structure to company registration, so you can launch in Singapore without the headaches. -
Corporate Secretarial Services
We take care of maintaining statutory books, preparing board resolutions and annual returns, and ensuring you meet all ACRA requirements. -
Bookkeeping in Singapore
From transaction entries to monthly management reports, we set up and run your accounting system so you always have clear visibility on cash flow and performance. -
Corporate Tax Services
Navigating Singapore’s tax incentives and filing requirements can be daunting. We prepare your corporate tax computations, file on your behalf, and help you claim eligible benefits like the Productivity and Innovation Credit (PIC).
Take the Next Step with Bizsquare
We don’t just treat Singapore as a market—we see it as a partner in growth. Our team of local advisors, legal experts, and growth strategists will work with you to map out your first year and a three-year expansion roadmap. We’ll also alert you to complementary government schemes that can further bolster innovation and job creation within your venture.
If you’re ready to transform your scalable idea into a thriving Singapore-based enterprise, let us guide you. Click here to Contact us and discover how Bizsquare can make your EntrePass application seamless—and set you on a path to long-term success in Asia.
We look forward to partnering with you on this exciting journey!
