Overview of Singapore Business Passes
Singapore offers several visa and pass options for foreign entrepreneurs and business professionals looking to start or run a business. Choosing the right pass depends on your business stage, investment capacity, and role in the company.
1. EntrePass (for Entrepreneurs)
The EntrePass is for foreign entrepreneurs who want to start and operate a venture-backed or innovative business in Singapore. Requirements:
- Your business must be registered with ACRA or be incorporated within 6 months
- Must secure funding from a MAS-accredited VC, Business Angel, or government agency, OR have an innovative, intellectual-property-backed business plan
- Must be able to demonstrate that you play an active role in running the company
Validity: 1 year, renewable. Monthly salary requirement on renewal: S$4,500 minimum.
2. Employment Pass (EP) for Business Owners
Foreign founders who have incorporated their Singapore company and appoint themselves as a working director can apply for an Employment Pass. Requirements include:
- Monthly salary of at least S$5,000
- Relevant qualifications and work experience
- Company must be a bona fide operating business
3. Personalised Employment Pass (PEP)
For high-earning EP holders (last drawn salary S$22,500+/month). The PEP is not tied to a specific employer, giving more flexibility. Valid for 3 years, non-renewable.
4. ONE Pass (Overseas Networks & Expertise Pass)
Singapore’s most prestigious work pass for top global talent. Requirements: Fixed monthly salary of at least S$30,000, or have outstanding achievements in business, arts, culture, sports, or academia. Valid for 5 years and allows the holder to start, work for, or work with multiple companies simultaneously.
5. Tech.Pass
For established tech entrepreneurs, leaders, and technical experts. Must meet at least 2 of 3 criteria: last drawn fixed salary S$20,000+/month, working in a tech company valued at US$500M+, or having led the development of a tech product with 100,000+ users. Valid for 2 years, renewable.
Which Pass Should You Choose?
Most foreign entrepreneurs setting up a Singapore company choose between the EntrePass (for innovative/funded ventures) and the Employment Pass (for established businesses with clear revenue). We recommend consulting with an immigration specialist to determine the right path.
Contact Halynce Advisory — we help foreign entrepreneurs incorporate in Singapore and navigate the visa application process.