Singapore is one of Asia’s top global financial hubs, known for its business-friendly policies, advanced infrastructure, low taxation, and strategic location. The country attracts entrepreneurs, investors, and foreign professionals seeking to establish or expand their business operations in Asia.
For immigrants who wish to start a business or manage operations in Singapore, the Singapore Business Visa—most commonly referred to as the EntrePass or Employment Pass for business owners—is the main pathway. These visas may require sponsorship either by a local company, recognized partner, or a government-linked incubator.
Why Choose Singapore for Business?
- Strategic Location: At the heart of Asia, ideal for regional headquarters.
- Ease of Doing Business: Ranked as one of the easiest places to start and run a business globally.
- Pro-Business Policies: Minimal bureaucracy, competitive tax regime, and strong IP protection.
- Global Talent Hub: Access to a highly skilled, English-speaking workforce.
- Advanced Infrastructure: Reliable banking, digital infrastructure, and legal system.
- Access to Funding: Active startup ecosystem and government grants for innovators.
Types of Business Visas in Singapore
| Visa Type | Purpose | Who It’s For |
| EntrePass | Start or operate a business with innovation or investment | Foreign entrepreneurs and startup founders |
| Employment Pass (EP) | For foreign professionals and business owners | Company directors or managing executives |
| Tech.Pass | For established tech entrepreneurs and experts | Senior tech professionals running companies |
| Personalised EP (PEP) | Not tied to an employer; for high-earning professionals | Foreign professionals seeking business freedom |
| Overseas Networks & Expertise Pass (ONE Pass) | Top-tier talent across various sectors | Entrepreneurs, business leaders, investors |
Eligibility Criteria
EntrePass Requirements
- Must start a private limited company registered with ACRA (Accounting and Corporate Regulatory Authority) or plan to register within 30 days of visa approval.
- Business must fall under qualifying sectors: tech, healthcare, sustainability, etc.
- Must have one of the following:
- Funding from a recognized VC or investor
- Incubation by a government-approved incubator/accelerator
- Business plan showcasing innovation, global scalability, or IP ownership
Employment Pass Requirements
- Must have a job offer from a Singapore-registered company
- Minimum monthly salary: SGD 5,000 (higher for older/more experienced candidates)
- Relevant educational and professional qualifications
Step-by-Step Process to Apply
Step 1: Prepare Your Business Plan
- Detailed business proposal outlining the nature of your company, funding sources, market research, financial forecasts, and hiring plans.
Step 2: Register Company (if not already done)
- Register your company with ACRA.
- Must have at least SGD 1 paid-up capital (increased capital recommended for visa support).
Step 3: Apply Online via MOM (Ministry of Manpower)
- Submit EntrePass or EP application through MOM’s EP Online Portal.
- Include all required documents:
- Business plan
- Personal identification documents
- Company profile (if existing)
- Educational and professional background
Step 4: Wait for Approval
- Processing Time:
- EntrePass: 8 weeks or more
- Employment Pass: 3–8 weeks
Step 5: Receive IPA (In-Principle Approval)
- Once approved, enter Singapore using the In-Principle Approval letter.
Step 6: Issue the Pass
- Upon arrival, register your fingerprints and photo at the Employment Pass Services Centre (EPSC).
- Receive your Business Visa (Pass).
Sponsorship Options in Singapore
Who Can Sponsor You?
- Singapore-registered businesses
- Accredited startup incubators or accelerators
- Government-linked venture capital firms
- Recognized strategic partners in your industry
What Sponsors Must Provide:
- A signed sponsorship or job offer letter
- Proof of the company’s financial health and activity
- Business profile from ACRA
- Details of the applicant’s role, salary, and responsibilities
Cost Breakdown
| Expense | Estimated Cost (SGD) |
| Visa Application Fee | $105 |
| Visa Issuance Fee | $225 |
| Company Registration (ACRA) | $315 |
| Medical Checkup (if required) | $80–$120 |
| Living Expenses (Monthly) | $1,500–$3,000 |
| Office Setup (Optional) | Varies based on scale & location |
Rights and Responsibilities of Business Visa Holders
Rights:
- Reside legally in Singapore while operating your business
- Hire local or foreign employees (with quota restrictions)
- Sponsor dependents (spouse and children) after meeting salary requirements
- Apply for permanent residence (PR) after 1–2 years of successful business operation
Responsibilities:
- Operate only within approved business activities
- Maintain financial records and pay taxes
- Notify MOM of any business or employment changes
- Comply with immigration, labor, and business laws
How to Transition to Permanent Residency
You may apply for Permanent Residency (PR) under the Professionals/Technical Personnel & Skilled Workers Scheme or Global Investor Programme (GIP) if:
- You’ve operated a successful business in Singapore for 1–2 years
- You meet income and employment creation benchmarks
- Your business contributes meaningfully to Singapore’s economy
Tips for a Successful Application
- Write a solid and innovative business plan (especially for EntrePass).
- Secure incubation or funding from recognized organizations for credibility.
- Ensure proper company registration and compliance with ACRA.
- Meet salary thresholds and employment conditions for EP applications.
- Include supporting documents to demonstrate long-term commitment to Singapore.
- Consult with a registered visa agent or legal advisor for complex cases.
Challenges and How to Overcome Them
Business Plan Rejection
- Solution: Hire a professional consultant or incubator to refine your business model and pitch.
Difficulty Securing Sponsorship
- Solution: Join Singapore’s startup hubs or innovation networks to build relationships with potential sponsors.
Regulatory and Tax Confusion
- Solution: Consult with corporate service providers for company setup, compliance, and tax registration.
Visa Delays or Rejections
- Solution: Make sure all documents are complete and up to date; avoid last-minute applications.
Starting or managing a business in Singapore as an immigrant is a highly achievable goal, thanks to the country’s openness to foreign entrepreneurs and professionals. The Singapore Business Visa, whether through the EntrePass or Employment Pass, provides a structured pathway to operate legally, grow your venture, and potentially settle long-term in one of the most dynamic economies in Asia.
Though the process involves careful planning, detailed documentation, and possible sponsorship, Singapore rewards genuine business builders with opportunities for permanent residency, family reunification, and lasting success. With the right strategy, your entrepreneurial journey in Singapore can be the gateway to innovation and global business impact.
FAQs
1. Can I apply for the EntrePass without a registered company?
Yes, you can apply for the EntrePass before your business is registered. However, if your application is approved, you must incorporate your company within 30 days of receiving the In-Principle Approval.
2. Can I bring my family with a Singapore Business Visa?
Yes. Once your business is established and you earn a minimum salary (usually SGD 6,000 or more), you can apply to bring your spouse and children on Dependant Passes.
3. How long is the EntrePass or Employment Pass valid?
The initial EntrePass is valid for 1 year and is renewable for up to 2 years at a time, provided your business meets renewal criteria such as revenue and local employment.
4. Can I switch from a Student or Tourist Visa to a Business Visa in Singapore?
No. You must leave Singapore and apply from your home country or current country of residence. Entry into Singapore for business purposes requires pre-approved visas or passes.
