The EntrePass

The EntrePass is meant for serial entrepreneurs, high-calibre innovators, or experienced investors. Unlike the Employment Pass (EP), it does not require a minimum salary or a local sponsor. However, the barrier to entry is extremely high.

Who is it NOT for?

MOM explicitly states that the EntrePass is not for businesses that are:

• Coffee shops, hawker centres, food courts.
• Bars, night clubs, karaoke lounges.
• Foot reflexology, massage parlours.
• Acupuncture, traditional chinese medicine, herbal dispensing.
• Employment agencies.
• Geomancy business.

The Core Criteria

You must meet at least ONE of the following criteria in three categories:

Category 1: Entrepreneur

1. Venture Capital: Raised at least S$100,000 from a government-recognised VC or business angel.
2. Incubator: Incubated by a government-recognised incubator or accelerator.
3. Track Record: Established track record in founding and scaling businesses.

Category 2: Innovator

1. Intellectual Property (IP): You hold an IP registered with a recognised national IP institution that delivers a competitive advantage.
2. Research Collaboration: Ongoing research collaboration with an Institute of Higher Learning (IHL) in Singapore.
3. Extraordinary Achievement: Exceptional achievements in key areas of expertise.

Category 3: Investor

1. Investment Record: Good track record of investing in businesses and want to grow new or existing businesses in Singapore.

Renewal Hurdles

Getting the initial pass (valid for 1 year) is hard; renewing it is harder. Renewals require you to hit strict milestones regarding total business spending in Singapore and the number of local professionals (PMETs) hired. For example, a Year 2 renewal requires S$100,000 in total business spending and hiring at least 3 local employees (or 1 local PMET).