EntrePass Singapore: Eligibility, Application Process, and Costs

The EntrePass is a work visa designed for foreign entrepreneurs who want to start and operate innovative businesses in Singapore.

EntrePass Singapore provides a pathway for business-minded individuals to establish a company while gaining residency in one of Asia’s leading financial hubs.

This guide covers:

• Is Singapore a good country for entrepreneurs?
• EntrePass Singapore Eligibility
• How to get an Entrepreneur Pass in Singapore?
• What are the Singapore Entrepass benefits?

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The information in this article is for general guidance only. It does not constitute financial, legal, or tax advice, and is not a recommendation or solicitation to invest. Some facts may have changed since the time of writing.

What is an EntrePass in Singapore?

The EntrePass is a special work visa designed for global entrepreneurs. It is primarily intended for ventures that bring innovation, advanced technology, or high economic value to Singapore’s economy.

Unlike regular work permits, the EntrePass is not just for employment but focuses on fostering entrepreneurial activity, research-based projects, and startups with scalable growth potential.

Applicants must present a viable business plan and demonstrate that their enterprise can contribute significantly to Singapore’s business ecosystem.

Is Singapore a good place for entrepreneurs?

Yes, Singapore is considered one of the best places in the world to start and grow a business.

The country offers low corporate tax rates, strong intellectual property protection, and seamless access to global markets, making it highly attractive for entrepreneurs.

Its transparent legal framework and political stability ensure a secure business environment, while its vibrant startup ecosystem is backed by extensive government support, including grants, accelerator programs, and innovation-driven policies.

These factors collectively make Singapore a top destination for entrepreneurs looking to scale internationally.

Which businesses are approved under EntrePass Singapore?

Businesses that qualify for EntrePass typically fall under innovative, high-value, or strategic sectors that contribute to Singapore’s economic growth.

These include:

• Technology-driven enterprises such as fintech, AI, or cybersecurity firms.
• Research and development (R&D) businesses engaged in innovation and new product development.
• Specialized consultancy services in emerging or niche markets.
• Social enterprises that address community needs with sustainable solutions.

How do you qualify for EntrePass in Singapore?

To qualify for an EntrePass, applicants must show that their business idea is innovative, scalable, and capable of contributing to Singapore’s economy.

The Immigration & Checkpoints Authority (ICA) and the Ministry of Manpower (MOM) assess applications based on the quality of the business proposal and the entrepreneur’s credentials.

Key factors considered include:

• Proposed business sector – Priority is given to industries such as technology, fintech, biomedical sciences, and research & development, or those introducing new products and services to the market.
• Entrepreneurial or investor track record – Applicants with a history of successful ventures, patents, or investments are more likely to qualify.
• Funding and partnerships – Businesses backed by venture capital, angel investors, or supported by recognized research institutions in Singapore are viewed favorably.

EntrePass application in Singapore

Applicants must submit their business plan and application to the Ministry of Manpower (MOM).

Key steps include:

1. Preparing a 10-page business plan – This must outline the business model, market analysis, projected revenue, and growth strategy for the first year of operations.
2. Meeting sector-specific requirements – The proposed business should align with sectors like technology, research & development, or other high-value industries identified by Singapore’s economic agencies.
3. Submitting the application online – Applicants use MOM’s official portal to upload their documents, including the business plan and supporting credentials.
4. Undergoing review and approval – Processing usually takes 8–10 weeks, during which MOM may request additional details to assess the viability and potential contribution of the venture.

How much does EntrePass Singapore cost

The application fee for an EntrePass is around SGD 105, with an additional SGD 225 issuance fee upon approval.

Costs may vary depending on renewals and multiple-entry permits.

How long does it take to get an EntrePass in Singapore?

The processing time for an EntrePass application is around 8 weeks from the date of submission.

This period allows the Ministry of Manpower (MOM) to review the applicant’s business plan, sector eligibility, and overall viability of the proposed business.

Delays can occur if additional documents are requested or if the application requires further assessment by relevant government agencies.

EntrePass Singapore benefits

What are the disadvantages of EntrePass Singapore?

While beneficial, key challenges include:

• Strict eligibility and innovation requirements – Applicants must prove that their business concept is innovative, scalable, and capable of contributing to Singapore’s economy, making approval highly competitive.
• Developing a compelling business plan – The Ministry of Manpower (MOM) requires a detailed 10-page business plan that clearly outlines revenue potential, market analysis, and long-term growth strategies.
• High cost of living and operational expenses – Singapore is one of the most expensive cities in the world, which can impact startup budgets and overall financial planning.
• Renewal dependent on business performance – EntrePass renewals are not automatic; they require proof of business progress, revenue generation, and, in some cases, job creation for locals.

EntrePass Singapore to PR

EntrePass holders can transition to Singapore Permanent Residency (PR) if they can show that their business has made a substantial contribution to the country’s economy.

This pathway typically becomes viable after holding the EntrePass for at least two years, though approval depends on performance rather than just duration.

Key considerations include:

• Business growth and sustainability – Applicants must show consistent revenue growth, active operations, and potential for future expansion.
• Job creation for Singaporeans – Hiring local employees strengthens the case for PR, as it demonstrates direct economic impact.
• Tax contributions and compliance – Maintaining proper financial records and meeting tax obligations is essential.
• Alignment with Singapore’s economic priorities – Businesses in high-value sectors such as technology, research, or advanced manufacturing are often viewed favorably.

What is the difference between Employment Pass and EntrePass in Singapore?

The key difference is that the Employment Pass is for foreign professionals with a job offer in Singapore, while the EntrePass is for entrepreneurs intending to start and run a business in the country.

• Employment Pass (EP): Designed for skilled professionals, managers, and executives who have a confirmed job offer with a Singapore-based employer. Eligibility is largely based on salary level, qualifications, and the reputation of the hiring company.
• EntrePass: Targeted at entrepreneurs, innovators, and investors intending to start and operate a new business in Singapore. Approval depends on the quality and viability of the proposed business plan, potential contribution to Singapore’s economy, and alignment with priority sectors such as technology, fintech, or research and development.

Conclusion

The EntrePass Singapore offers a unique gateway for global entrepreneurs to launch innovative businesses in one of the world’s most dynamic economies.

While the application process is rigorous, successful applicants gain access to a thriving startup ecosystem, tax advantages, and a potential pathway to permanent residency.

Proper preparation, a strong business plan, and alignment with Singapore’s high-value sectors are key to securing approval and building long-term success.

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