Singapore Entrepreneur Pass Details

By Author: Asia Biz
Total Articles: 43
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Singapore always wants to be one of the greatest regional business hub in the world.EntrePass which main purpose is to make foreign individual who is ready to stay and incorporate a business in Singapore. EntrePass was introduced in 2004 and is aimed at attracting foreign entrepreneurs into the country.
Listed below are only allowed for an EntrePass In Singapore They only allow a foreign national that is up to start a business and will be active in the whole operation of the business.
A foreign national who is an existing shareholder/partner in a Singapore registered company/business and who wishes to become actively involved in the operation of the company/business.The EntrePass permits entrepreneurs and innovators around the globe to put and operate a business in Singapore.
It is not required to have a diploma or degree from a prestigious school or either millions.All you need is a good business plan and some investment to cover your start up expenses and support yourself in the early stages.
Essential Details About EntrePass
Incorporation of business should be done next after application of EntrePass.
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... A 10 page long business plan is required.The pages of the business plan should be composed of the important details of the preparation of the business.
Businesses not of entrepreneurial nature for example, coffee shops / food courts, foot reflexology, massage parlours, karaoke lounges, money changing / remitting, newspaper vending, and tuition services etc will not be considered for an EntrePass.
The whole application process will just take 2-3 weeks.
An EntrePass that is valid for two years is given by the time your application is approved.Incorporation is not allowed if the process of EntrePass is not yet done.
You can bring your family by the time your application for EntrePass is approved.
As long as the business is stable, you can renew the EntrePass.You are now then allowed to apply for permanent residence in Singapore.
Significance of Business Plan for EntrePass.

Preparation for business plan is considered as the central part of the application of EntrePass.The Good news is that the business plan is expected to be relatively concise i.e. no more than 10 pages long.
Not just for the EntrePass but also business plan is needed to make the business more efficient in the future.Be reminded that planning will be a big help in your business and do make researches to have some great ideas.
An organized business plan will make the whole business of yours an effective one and at the same time an EntrePass.The well-known fleas-in-the-box analogy applies to your plan as well; if you put a lid on the box, the fleas will learn to jump to that height only, but if there is no lid, they jump as high as they are capable of doing. Your plan should set that lid higher.Ensure yourself that the figures present in your business plan will be easy to achieve.Bear in mind that you should be positive along the way.

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Our phones are answered during business hours by specialists and not by an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions. If you are interested in learning more about Asiabizservices kindly email us at sales@asiabizsetup.net or give us a call at +65 62426533.