The following comparison between the Singapore Employment Pass and Singapore Entrepreneur Pass allows you to determine which passes will cater to your circumstances.
| Singapore Employment Pass (EP) | Singapore Entrepreneur Pass (EntrePass) | |
|---|---|---|
| Pass is Designed For | Foreign professionals, managerial personnel (managing director, general manager, CEO), executives or specialists who wish to work in Singapore. | Foreign entrepreneurs who are ready to start a new business in Singapore. |
| Eligibility |
Foreigners must possess recognized qualifications, specialized skills and earn a minimum monthly salary as set by the Ministry of Manpower (MOM) from time to time (for more details, please refer to MOM website). Other criteria include:
|
Business plan indicating the proposed business ideas, applicant relevant background, investment sum and total business spending (for more details, please refer to MOM website).
|
| Minimum Paid-up Capital | S$1.00 | S$50,000 |
| Application Processing Time | 1 day – 8 weeks | 3 weeks – 3 months |
| Pass Renewal | Renewable as long as you are employed by the company | Renewal is dependent upon achieving the goals and objectives outlined in the business plan |
| When can the pass be applied | At any time after incorporation of the company | Either before company incorporation or within six months from the incorporation date |
| Pass Type and Eligibility |
*Note: For more details, please visit the MOM website. |
|
| Visas Validity | 1 – 2 years | |
| Dependent Pass | Granted to immediate family members | |
*The above information serves as a guide only. Ministry of manpower (MOM) will review each application based on its own merits.