Employment Pass vs EntrePass Comparison

It is meant for entrepreneurs who have tertiary educational diploma/degree, professional qualifications, specialist skills and related work experience.  The Employment Pass is ideal for experienced professionals with enterprising ideas and who require a quick entry to kick-start their businesses.

25 to 45 days from the date of your EntrePass application filing.

Main criteria:

• Incorporate a company with the Accounting and Corporate Regulatory Authority no more than 6 months at the point of submission of the EntrePass application
• Fulfil at least one of the seven following innovation criteria:
• Has funding from a government accredited VC or business angel
• Holds an intellectual property
• Holds significant business experience/network and promising entrepreneurial track record
• Has exceptional technical/domain expertise in an area related to proposed business
• Holds good track record of investing in businesses and want to grow new or existing businesses in Singapore
• Has research collaboration with A*STAR or a university
• Is an incubate at a government-supported incubator

Submit a 10-page business plan detailing professional profile of applicant, business idea and implementation plan

Main criteria:

• Acceptable diploma/degree
• Professional qualifications
• Specialist skills
• Minimum monthly salary of S$4,500 (effective 1 September 2020)

Other factors which also play a very important role are:

• Salary of applicant
• Age of applicant
• Roles & responsibility
• Related work experience
• Reputation of the company
• Company paid up capital
• Applicant current citizenship

For the EntrePass to be renewed and upgraded annually, entrepreneurs must fulfill the following:

*Hold a minimum of 30% shares in the Company from Year 2
**Total Business Spending (TBS) refers to total local business spending excluding renumeration to EntrePass holder
***Full-time Employees (FTEs) refer to Singaporeans and Permanent Residents who earn a monthly salary of at least $1,400
****PMEs refer to professionals, managers and executives who are Singaporeans or Permanent Residents and earn a monthly salary of at least $3,900
Note: 1 local PME = 3 local FTEs

Eligible for Dependant’s Pass (DP) for immediate family subject to meeting Year 2 renewal criteria of minimum annual business spending of $100,000 and employment of 3 local FTEs or 1 PME

Eligible for Dependant’s Pass (DP) for immediate family.

Eligible for application of Singapore Permanent Residence (PR).