Singapore Entrepreneur Immigration
Singapore Entrepreneur Immigration :
This EntrePass is intended for serial entrepreneurs, high-calibre innovators or experienced investors that want to operate a business in Singapore that is venture-backed or owns innovative technologies
It is also suitable for foreign entrepreneurs who plan to relocate to Singapore and intend to register and operate a company in Singapore. Singapore entrepreneurial immigration is through the registration of a Singapore company to obtain a EntrePass. The validity of EntrePass is 1 year (New pass & First Renewal), Subsequent renewals 2 years.
You can apply for an EntrePass if you meet both conditions:
Have started, or intend to start, a private limited company registered with ACRA (Accounting and Corporate Regulatory Authority) that is venture-backed or owns innovative technologies.
* If registered, the company must be less than 6 months old on the date you apply.
* If not registered, you can do so after you know the outcome of your application.
● Meet any of the following innovative criteria as an entrepreneur, innovator or investor listed below. You do not need to meet all of the criteria for each respective profile, but having more qualifications would help your application.
1.. Entrepreneur
▲Has funding from a government-recognised VC or business angel.
The registered company raised funding of at least $100,000 from a government investment vehicle, venture capitalist (VC) or business angel that is recognised by a Singapore Government agency.
▲The registered company is an existing incubatee at an incubator or accelerator in Singapore that is recognised by the Government.
▲You have significant business experience or network and promising entrepreneurial track record of starting highly-scalable businesses and want to start and operate an innovative tech or venture-backed business in Singapore.
You must fulfil any of the following:
▲You have founded and sold a tech company.
▲You have raised significant funding from investors for a current or past venture.
▲You have been or are being incubated by an internationally renowned incubator or accelerator.
▲You have at least 8 years’ experience as a senior management professional or executive in a large corporation.
▲You can demonstrate how your business networks and track record can contribute to the growth of your proposed business in Singapore (e.g. produce a letter of intent from prospective customers).
2.. Innovator
●Holds an intellectual property
●The registered company has an ongoing research collaboration with a research institution under the Agency for Science, Technology and Research (A*STAR), an Institute of Higher Learning (IHL) in Singapore.
●You have exceptional technical or domain expertise in an area related to your proposed business that is either venture-backed or owns innovative technologies.
3.. Investor
▲A strong track record of investing in and driving growth of highly-scalable businesses.
▲Plans (i.e. quantum, period and pipeline) to invest in other local innovative or tech startups.
▲At least 8 years' experience as a senior management professional or executive in a large corporation that can help to scale up local innovative or tech startups.
Businesses that are not eligible
The following businesses are not eligible for an EntrePass:
▲Coffee shops, hawker centres, food courts.
▲Bars, night clubs, karaoke lounges.
▲Foot reflexology, massage parlours.
▲Acupuncture, traditional Chinese medicine, herbal dispensing businesses.
▲Employment agencies.
▲Geomancy business.
