Singapore EntrePass Application
The Entrepreneur Pass (EntrePass) Scheme is designed to facilitate the relocation of entrepreneurs to Singapore so that they may add vibrancy to its growing start-up environment.
To qualify for an EntrePass, applicants must meet one of the following seven criteria:
- Has funding from a government accredited VC or business angel
- 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
For the EntrePass to be renewed and upgraded annually, entrepreneurs must fulfill the following:
| No. of years you have held an EntrePass | Total business spending** must be at least | Must employ at least |
|---|---|---|
| 1 | – | – |
| 2* | $100,000 | 3 FTES** OR 1 PME*** |
| 4 | $200,000 | 6 FTEs OR 2 PMEs |
| 6 | $300,000 | 9 FTEs OR 3 PMEs |
| 8 or more | $400,000 | 12 FTEs OR 4 PMEs |
*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 $1,100
****PMEs refer to professionals, managers and executives who are Singaporeans or Permanent Residents and earn a monthly salary of at least $4,500
Note: 1 local PME = 3 local FTEs