How to apply for an EntrePass?

How do I apply for an EntrePass?

  1. Submit your application online;
  2. The application takes about 8 weeks to process;
  3. If the application is successful, an In-Principle Approval (IPA) letter will be issued to you. Once the IPA approval letter is issued, you must move to Singapore within 6 months;
  4. You are also given 1 year to incorporate your company with Singapore’s Accounting and Corporate Regulatory Authority (ACRA);
  5. You need to have the pass issued within the validity period of the IPA. A Notification Letter will be issued and it is valid for 1 month. You will have 2 weeks from the start date of the Notification Letter to register for fingerprints and photo, if required;
  6. Once that is complete, MOM will issue you your Entrepass card after 5 working days.

Requirements for an EntrePass Singapore

Criteria for an EntrePass

  • Have a proposed business idea that is innovative, entrepreneurial, and able to create jobs for locals
  • Have an entrepreneurial or relevant background
  • Plan to register your business as a private limited company in Singapore
  • Have not incorporated your company yet, or the company is less than six months old during application
  • Plan to hold 30% of the shares in the proposed company

In addition to all the above-mentioned conditions, you are required to meet the either one of these criteria, which is divided into 3 types – Entrepreneur, Innovator or Investor:

Entrepreneur

Innovator

Investor

  • Your company has funding of at least S$1000,000 from a venture capitalist (VC) or angel investor that is accepted by a Singapore Government agency
  • Is an incubatee at a recognised incubator or accelerator
  • You have significant business experience, network and promising entrepreneurial track record
  • Owns and holds an intellectual property (IP)
  • Has an ongoing research collaboration with a research institution under an Institution of Higher Learning (IHL) in Singapore
  • Achieved outstanding technical or domain expertise in an area related to your proposed businesses
  • Possess a good track record of investing in businesses 

Documents Required

  • Business plan
  • Copy of your company’s latest business profile (If the company has been registered with ACRA)
  • Documents to show that you meet the innovative and ventured back requirements.
  • Documentation of your previous employment
  • Any other documents that can solidify your application

Requirements for The Business Plan

A business plan should include the following:

  • Product and service offered
  • Market analysis
  • Operation Plan
  • Profile of management team
  • Supporting documents – e.g. licensing agreements, product certificates and endorsements

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