Comparison Table
If you plan to relocate to Singapore to be actively involved in your company’s operations, you have the option to apply for one of the 2 types of work pass visas, as shown below:
Related Read: Overview of Singapore Work Visas »
Categories | EntrePass | Employment Pass | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Who it is for? | It is designed for foreign entrepreneurs who may have an innovative business idea with potential economic prospects; or who may have demonstrated high caliber entrepreneurial traits with records of successful businesses even without the appropriate educational or specialist skills qualification. |
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. |
||||||||||||||||||
Processing Time |
25 to 45 days from the date of your EntrePass application filing. |
1 day to 8 weeks from the date of your EP filing. | ||||||||||||||||||
Eligibility and Assessment |
Main criteria:
Submit a 10-page business plan detailing professional profile of applicant, business idea and implementation plan |
Main criteria:
Other factors which also play a very important role are:
|
||||||||||||||||||
Validity | 1-2 years | 1-2 years | ||||||||||||||||||
Renewability |
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 |
Renewable as long as you continue to be employed by the company. | ||||||||||||||||||
Dependant Pass |
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. |
||||||||||||||||||
Permanent Residence (PR) | Eligible for application of Singapore Permanent Residence. |
Eligible for application of Singapore Permanent Residence (PR). |
Related Read: Things You Need to Know: New Work Pass Card and SGWorkPass Mobile App »
Engage Our Immigration Services!
Consult our immigrant specialists now for free to help you find the right Singapore work pass.