About Singapore Entrepreneur Pass

By Author: Ashley V.
Total Articles: 63
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Because of Singapore's booming economy and being one of the best places to do business, a lot of foreign investors choose Singapore over other countries.

To start a business in Singapore, one of the most important and required permits is the Singapore Entrepreneur Pass, which is commonly known as EntrePass.

An EntrePass acts like a business identification card. It has an initial validation period of 1 year (renewable as long as the business is active and operating) and it's designed to be used within your stay in Singapore for you to be able to actively participate in the operation of the business. This pass allows your immediate family members to stay in Singapore while still in the process of developing the business. In addition, with the use of EntrePass, an investor may time and again leave and re-enter Singapore with no difficulty.

To avail this pass, here are the basic requirements needed:

* Register a company with the Accounting and Corporate Regulatory Authority no more than 6 months at the date of submission of the EntrePass application
* Get 30%-100% of shareholding in the company
...
... * Have a relevant skill and track record in creating and managing successful businesses
* Provide S$50,000 and above in paid-up capital for the new company
* Submit a 10-page business plan detailing business goals and objectives. The renewal of EntrePass depends on achieving goals and objectives outlined in the business plan

Additionally, when applying for Singapore Entrepreneur Pass, you must submit these documents:

* Singapore EntrePass application form 8
* Copy of educational certificate
* Latest passport size ID picture (at least one)
* Copy of passport personal particulars page
* Contract/s with clients for the new business, if any
* Information sheets, press releases, or any other business collateral from previous or existing business ventures
* A well-written, 10-page business plan detailing business goals and objectives

Resource Box:

Asiabizservices is the leading Singapore Entrepreneur Pass Services Specialists. It has successfully helped thousands of foreign entrepreneurs incorporate a Singapore company. Our office is located at Raffles Place, in the heart of the Singapore business district. ("CBD") If you're in our neighborhood and want to discuss any aspect of our service then feel free to come in to our offices during business hours.

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@asiabizservices.com or give us a call at +6563034614.