Get Incorporated as a Singapore Company with EntrePass

Get Incorporated as a Singapore Company with EntrePass

Entrepreneur Pass Application Service + Singapore Company Registration

Singapore Entrepreneur Pass or EntrePass is a scheme to promote entrepreneurship in the state country launched by Singapore republic.

Singapore is known to be a start-up hub that supports unique business ideas and applies several initiatives to commercialise them. The scheme was amended in Sep 2013 to attract R&D-intensive enterprises and technopreneurs. Also, sectors like biotech and cleantech. The primary motive of this scheme is to upscale the value and add innovation and vibrancy in Singapore.

Companies involved with technology innovation creating and facilitating innovative ideas, and indulging in development works have brighter scope to get their EntrePass.

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Company Incorporation upon EntrePass Approval

Singapore Ministry of Manpower (MOM) can help you to apply for the Entrepreneur Pass Visa before company incorporation. An Approval-In-Principal Letter or AIP letter is issued to you; once your EntrePass is also approved, you will get a 6-month time to relocate to Singapore and collect the pass. After that, you have to incorporate the stated imbue of the proposed paid-up capital into your corporate account within the time frame mentioned in your Approval-In-Principal letter. You do not need to bear the incorporation expanse until your EntrePass gets approved.

To avail of the pass, you must match any of the following criteria:


Option One: Funding from Singapore Government recognised Venture Capitalist or Business Angle. You must acquire funding of 100,000 USD from a government venture capitalist (VC), vehicle or business angle recognised by the Singapore government.

Option Two: Being an incubatee at a government-recognised incubator or accelerator.

Option Three: You possess any of the following Business network or Entrepreneurial Track Record

  • If you have launched and sold a tech company
  • If you have raised significant funds from investors for a past or present business venture
  • If you are or have been an incubatee at a globally recognised incubator or accelerator
  • If you have wide business networks and industry connections aligning with your proposed business
  • If you have a strong track record of your proposed business
  • If you have gained any recognition for your entrepreneurial ideas and achievements from a well-known media publication, credible business/ industry organisation or national government body


Option One: When holding an intellectual property right, you must fulfil all the following criteria

  • Your intellectual property (IP) must be registered by a national IP organisation
  • One of the proposed business’s shareholders must hold intellectual property ownership
  • Your IP must not be easily replicable and offer a significant advantage to your proposed business

Option Two: You collaborate with a credible research institute or a higher learning institute in Singapore for research.

Option Three: exceptional achievements in the core areas of expertise – You have exceptional knowledge and outstanding expertise in a specific domain aligning with your proposed business. Not only that, it should have backed with proof such as outstanding achievements and international awards/acclamation in an area related to your proposed business idea.


As an Investor, you must have a good track record of funding and growing expandable businesses or be willing to invest a significant amount of money to fund a local business; you must fill in the below criteria-

  • Considerable experience in a big corporation as an executive or senior management professional
  • A proven track record of investing and driving the growth of significant expandable businesses

We will help to draft your business plan and prepare your Entrepreneur Pass Application by the category/ criteria under which you are applying.

Entrepreneur Pass Business Plan and Renewal Criteria.

A 10-page extended Business Plan is essential for the Entrepreneur Pass application. The business plan must include several factors like your professional (business) skills, the merit of your business idea and a detailed implementation plan.

Also, MOM or the Ministry of Manpower offers an advanced renewal plan for the scheme to ensure that the EntrePass holder’s operation span in Singapore aligns with their contribution. However, the timely EntrePass renewals primarily depend on meeting these requirements or achieving the business plan objectives. Therefore, drafting the business plan is extremely important.

No. of years you can hold an EntrePass Total Business Sending (must be at least)** Number of employees (must be at least)
2* 100,000 USD 3FTEs*** or 1 PME****
4 200,000 USD 6 FTEs or 2 PMEs
6 300,000 USD 9 FTEs or 3 PMEs
8 or More 400,000 USD 12 FTEs or 4 PMEs

*Must hold a minimum of a 30% share in the company from 2nd year.

**The TBS refers to the local business spending (excluding the EntrePass holder’s remuneration).

***FTE refers to Singaporeans or permanent residents who earn at least 1,100 USD monthly.

****PME refers to Singaporeans or Permanent residents who hold professional, executive and manager positions and earn 3,600 USD monthly.

Note: 3FTE = 1PME.

Things to Consider

If you are willing to incorporate a company in Singapore and apply for the EntrePass, you must do the following.

  1. Complete at least one of the “Applicant’s requirements”
  2. Write your business plan or reach out to IMC to help you draft it
  3. Submit the application and plan
  4. Incorporate the company upon the approval of your EntrePass from MOM

Important Note: The submission and processing of your EntrePass application are regardless of your stay in Singapore.

Company Formation in Singapore - FAQ

Does a foreigner need to visit Singapore to establish a company?

No, you do not have to be physically present in Singapore to set up a company.

What are the key requirements for setting up a Singapore company?

  • A company needs to have at least one shareholder who can be a local or foreign individual or company
  • At least one of the directors must be a natural person, above the age of eighteen years old, and a resident of Singapore
  • A shareholder who is a natural person can also be a director of the company
  • A qualified company secretary has to be appointed. The secretary must be a resident of Singapore
  • Company must have a physical, local address in Singapore
  • The company must have a paid up capital of at least $1

What are the minimum and maximum number of shareholders a company can have?

A Singapore Private Limited Company (LLC) registration requires at least 1 shareholder. A Private Limited Company can have a maximum of 50 shareholders.

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