EntrePass: Who Qualifies and What You Get
Learn how tech entrepreneurs can use the EntrePass to operate innovative startups in Singapore.
The EntrePass is a specific type of work pass designed to support tech entrepreneurs who are looking to launch and run innovative businesses within the local economy.
Who it's for
This scheme is specifically intended for tech entrepreneurs who are starting innovative businesses. It is designed for individuals who bring new ideas and technological advancements to the startup ecosystem, helping to drive growth in the local tech sector.
What you get
If your application is successful, you receive a work pass. This pass provides you with the legal authorization required to operate your tech startup in Singapore, allowing you to manage your business operations while residing in the country.
What it costs you
Participating in this scheme involves both administrative and financial commitments. You will be responsible for paying the necessary application fees required to process your request. Additionally, you must meet specific business capital requirements, which means you must have the required amount of funds available to support your startup's operations and growth.
The catch to know
The most important thing to remember is that the pass is not a permanent solution without ongoing effort. There are strict renewal criteria that you must meet to keep your pass active. These criteria are heavily based on your business performance, meaning the success and growth of your startup will directly impact your ability to remain in the country.
How to apply
- Verify that your startup business model meets the specific innovation standards required for tech entrepreneurs.
- Organize your financial documents to prove you meet the necessary business capital requirements.
- Complete the application process through the official government portal.