Entrepass Approval & Renewal Information in Singapore
Entrepreneur Pass (Entrepass) Approval
MOM will issue the applicant an Approval In Principal letter which includes a single journey entry visa for overseas applicant who need to enter to Singapore. Normally, the applicant would enter Singapore to incorporate the Singapore Company and open a bank account to invest the proposed capital injection.
After that, the applicant will need to submit the details of ACRA bizfile and Bank statement for MOM verification. After 2 weeks of submission, MOM will issue a In Principal Approval for the Entrepass holder to apply for the $3,000 banker guarantee, and we will make an appointment with Ministry of Manpower on your behalf for fingerprinting. Upon completing the procedure, your pass will be ready in 4 working days. You may collect the pass at Ministry of Manpower personally or authorize us to collect your Entrepass on your behalf.
The validity period of an EntrePass varies for: First-time applicants – Up to 1 years EntrePass renewals – Contingent on meeting the requirements of the Total Business Spending and employment of local workers.
Renewals of Entrepass
You must meet the renewal criteria if you want to renew the pass that you currently have before it expires. Renewals of the EntrePass are contingent on meeting the requirements stipulated by Ministry of Manpower in which your business venture must demonstrate in a one-year period that it will meet the employment requirement of a minimum number of Singaporean or local workers; and with a Total Business Spending as how in the table below: