contact
1 + 4 =

Foreign Individual + EntrePass

This package is suitable for foreign individuals who intend to start and operate a new business in Singapore and relocate here using Entrepreneur Pass (EntrePass). You are eligible for an EntrePass if you fulfill the following requirements:
• You have (or intend to start) a private limited company registered with ACRA
• Your company has at least $50,000 in paid-up-capital
• You hold at least 30% of the shares in the company
• The business is not illegal

In addition, you must ensure that your business meets at least one of the following requirements:
• Funding from a government accredited VC or business angel
• Holds an intellectual property
• Has research collaboration with A*STAR or a university
• Is an incubatee at a government-supported incubator

Read more information on EntrePass and eligibility criteria under the FAQ section.

Meanwhile, you will also need to meet the 5 statutory requirements for setting up a private limited company.

For EntrePass
• EntrePass Application Form (download), endorsed with company's stamp/seal
• A 10-page Business Plan (use our assistance in preparing a well drafted business plan)
• Copy of passport
• Educational certificates and transcripts
• 1 recent passport-size photograph of applicant
• Copy of CV and Past employment testimonials

Completed application form (download)
• Proposed Company Name (to check availability)

Each individual shareholder/director
• Non residents : Copy of passport and residential proof in home country
• Residents : Copy of NRIC/employment pass

Each corporate shareholder
• Copy of incorporation certificate in home country
• Current extract of company particulars from Registrar of Companies
• Copy of the constitution of the company
• Copy of board resolution approving incorporation of Singapore company and proposed shareholding

For nominee director service
• Completed KYC form (download) with CV and passport
• Personal bank reference letter

Important note : All documents must be in English; or officially translated in English.

SGD

Year 1 Year 2
onwards
Company Incorporation 750 -
Nominee Director (for 2 months) 500 -
Company Secretary (per year) FREE 350
Registered Office Address (per year) FREE 120
Entrepreneur Pass (incl business plan) 2000 -
TOTAL 3250 470
Nominee Director (refundable deposit) 1500 -
Dependent Pass (per applicant) 500 -

Company incorporation services include government fee of SGD 315

A foreign entrepreneur has the option to set up a limited liability company (LLC) in Singapore. A LLC in which shares are held by less than 50 members is called a private limited company, while a LLC with more than 50 shareholders is called a public limited company. A foreign individual is allowed to incorporate a private limited company provided he fulfills the 5 statutory requirements as per the Company’s Law.

As per Company’s Law, the 5 statutory conditions that must be fulfilled for setting up a new company are:
• 1 shareholder
• 1 resident director
• 1 paid up capital
• 1 company secretary
• 1 local registered company address

EntrePass means Entrepreneur Pass, meant for eligible foreign entrepreneurs who want to start and operate a new business in Singapore. The Pass has a validity of 1 year and can be renewed upon meeting the renewal criteria.

Please read the section on Entrepreneur Pass for full details on the eligibility conditions, documents required, application process, passes for family members etc.

A business plan is the blueprint of a company and is the quintessential document for the application of EntrePass. Bridgeport Consulting offers a special service of creating a well drafted business plan. As per Ministry of Manpower (MOM), a business plan should not be more than 10 pages in length and should cover the following:
• Business idea
• Product or service offered
• Market analysis
• Market plan
• Operation plan
• Financial projections
• Management team
• Supporting documents - licensing agreements, product certifications and endorsements

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 and Geomancy business.