Guide to Maximize Your EntrePass Approval Rate

2023-09-18

Are you looking to enhance your prospects of securing the Singapore EntrePass, also known as the Entrepreneur Pass, for your entrepreneurial venture in Singapore? Here's a breakdown of the application criteria and strategies to improve your approval odds:

Company Requirements:

1.You can apply for the EntrePass without initially registering a company.
2.If you register a company before applying, it must be established within the last six months.
3.Be aware that certain specific industries are not eligible for EntrePass application. Check the list of ineligible industries in Singapore.

Personal Requirements:

1.You must be at least 18 years old.
2.Plan to register a company in Singapore and intend to hold at least 30% of its shares.
3.Ensure that your venture meets the innovation criteria, which is a prerequisite for application.

To maximize your chances of obtaining the EntrePass, consider the following strategies:

1. Industry Selection

While there are no strict industry requirements, choosing a business project aligned with Singapore's goals in technology development, employment, and tax contributions can increase your approval chances.

Note that the EntrePass is intended for entrepreneurial ventures, and certain industries are ineligible.

2. Capital Investment

While there's no minimum capital requirement, having a substantial registered capital can work in your favor. It demonstrates the potential for wealth creation and reflects your commitment to the business. Your capital investment should align with the needs of your chosen business project.

3. Crafting a Strong Business Plan

Your business plan is a critical component of your EntrePass application. Focus on highlighting the several aspects below:

1）How your prior work experience contributes to your current venture
2）Outlining growth prospects
3）Emphasizing innovation and benefits to Singapore
4）Providing a detailed operational plan.

4. Acquiring Relevant Patents

Since September 2013, the Singaporean government has introduced innovation requirements for EntrePass approvals. Acquiring patents related to your business is a practical way to meet this criterion. Ensure these patents are both innovative and practical, with direct relevance to your venture.

5. Consider Partnership for Resource Integration

Consider Partnership for Resource Integration: Sometimes, you may want to apply for the EntrePass with family members or partners. This approach can be beneficial when you wish to involve your family in your entrepreneurial journey or lack initial capital, technical expertise, or industry experience. Collaboration can lead to resource pooling and strengthen your application.

Established in 2011 and officially registered with the Ministry of Manpower, Singapore Skyline Business Singapore is your trusted partner for work pass and PR applications. Our experienced team specializes in Entrepreneur Pass (EP), S Pass (SP), Work Permit (WP), self-employed EP, and Dependant Pass (DP)/Long-Term Visit Pass (LTVP) applications. For expert assistance, feel free to contact us via WeChat (WeChat ID: sissi-skyline) or WhatsApp us at +65-91328885.

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