EntrePass Application Procedure and Timeline
Once your EntrePass application, along with supporting documents, is ready, it must be filed with Singapore Ministry of Manpower (MOM). Your application will be reviewed by two government bodies – SPRING (Standards, Productivity and Innovation Board Singapore) Singapore and MOM. The application process works as follows:
- The application is submitted to MOM.
- Once submitted, the processing of Entrepreneur Pass application on the average takes about 6-8 weeks.
- If your application is successful, you will be issued an Approval In-Principle (AIP) letter, after which you have 30 days to register your Singapore company, open a corporate bank account and inject the necessary share capital (assuming the company has not been registered yet).
- MOM will require you to submit proof of company registration (ACRA business profile), and the injection of the minimum paid-up capital in the corporate bank account, before they can issue you a final approval letter (In-Principal Approval, or IPA, letter).
- You may be required to go through a medical test and produce the medical report when collecting your EntrePass. Whether or not you need to go through a medical test will be mentioned in the IPA approval letter (along with the list of tests). You can get the medical tests done in your own country through an established clinic/hospital or you can get it done when you arrive in Singapore.
- Once the final IPA approval letter has been issued, you must relocate to Singapore within 6 months of the approval date. If based on your nationality you require an entry visa to Singapore, a one-time entry visa is normally issued to you as part of the EntrePass approval letter.
- If you had applied for Dependant’s Passes (DP) for your family, you can collect the DPs at the same time when collecting your EntrePass.
Within the first 6 months of receiving your EntrePass, you will be required to submit the latest ACRA business profile together with either the tenancy contract (as proof of operative address) or employee’s CPF statement to verify on-going business operations in accordance to the submitted business plans. Failure to submit the documents at the end of the 6-month period will result in revocation of the EntrePass.