Employment Pass vs EntrePass Comparison
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:
Categories | Entrepreneur Pass (EntrePass) | Employment Pass (EP) | ||||||||||||||||||
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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:
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Main criteria:
Other factors which also play a very important role are:
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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 (PR). | Eligible for application of Singapore Permanent Residence (PR). |
Not sure which work pass scheme to apply for?
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