Singapore · EntrePass (Entrepreneur Pass)

The EntrePass permits eligible foreign entrepreneurs to start and operate a private limited company in Singapore that is venture-backed or possesses innovative technologies. The pass holder must hold at least 30% of the registered company, which must be registered with ACRA. Certain businesses are not eligible, including 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 businesses. Applicants must meet at least one of the following criteria: having raised funding for a past or current business, being supported by a government-recognised or internationally renowned incubator or accelerator, having founded and sold a technology business, holding intellectual property, or having a research collaboration in Singapore. The pass is renewable, with specific criteria for renewal mentioned. Passes for family members are available. There are no explicit details regarding tax implications or insurance requirements in the provided text. Successful applicants are encouraged to contribute to the local startup ecosystem through activities like hosting workshops or providing mentorship. Enterprise Singapore may also contact EntrePass holders for engagement and audit purposes.