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MOM Entrepass Factors

MOM Entrepass Factors

MOM Considering Factors

An Entrepreneur Pass or Entrepass enables foreigners who would like to come and work in Singapore  to do so. If you do not meet the qualifying criteria for an Employment Pass, an Entrepass would be your next viable option. To become an Entrepass holder and do business in Singapore, you will need to submit a 10-page business plan for EntrePass application to Ministry of Manpower(MOM) is crucial. This must include as much detail as possible about your proposed business.

Below are some important factors for MOM to approve of an Entrepreneur Pass visa:

  •  Origin of their country
  •   Type of business (and business plan)
  •  Amount of Capital Investment
  •  Local Job Creation
  •  Past Work Experience
  •  Education level

Other Important Factors

Supporting Company Documents:

  •  Lease Agreement
  •  Product / Equipment Certification
  •  Collaboration Agreement with Business Partners

 

Proof of Prior Business Venture:

  •  Certification of Incorporation business venture in Singapore and/or         overseas
  •  Management Team of Prior business Venture
  •  Previous invoices / sales agreement

 

Proof of Investment:

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Posted on July 3, 2012 at 4:01 pm
Categories: EP - Employment Pass in Singapore

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