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Work Pass Application
Need
expert support with Singapore work
pass application? Get started with Paciol now!
Do
you want to move to Singapore to start your own business? Then you can work in Singapore with the two
primary work passes. Get an
entrepreneur or employment pass for entering Singapore along with your family or dependents. If
you are a professional entrepreneur or foreign business planning to relocate to
Singapore, Paciol can help you with your Singapore work pass application. By finding out the types of
passes most suitable for you, we help make the application process more
straightforward. Contact us to find out more!
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A brief overview of Employment and Entre Passes
Both
employment and EntrePass are temporary residency passes that enable applicants
and their immediate families to relocate to Singapore. Both the work passes are
not necessary for permanent
residents or Singapore
citizens, and they are issued for 1-2 years. The work passes are
renewable, and the pass holder is liable to pay personal income tax based on
the salary annually. Irrespective of the similarities between the employment
and Entre passes, there are also many differences.
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What is an employment pass?
The
employment pass is primarily a Singapore work pass issued to employees, foreign
professionals, executives and owners of Singapore companies. To become an employment pass holder or get an
Employment pass, an individual should have a fixed minimum salary of at least $4,5000. They should also have
acceptable degrees, specialist skills and qualifications taken into
consideration for the work permit.
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What is an Entrepreneur Pass (EntrePass)?
The
EntrePass is suitable for foreign
professionals seeking to set up an enterprise in Singapore. The
EntrePass is reviewed by three government bodies- the IMDA, Spring Singapore
and NRF. To get the EntrePass passes
applicants must demonstrate at least one of the following:
- Having a nationally recognized licensed or
Intellectual Property
- They must be funded by a recognized venture
capitalist or third-party sponsor.
- In addition, the applicant should have
exceptional domain expertise with a good track record of investing in a
business.
- You must be 21 years and above
- You must have an entrepreneurial proposal to
create local employment
- You can relocate to Singapore to run your
business
Typically,
the EntrePass is a long term visit
pass designed for foreign professionals who wish to relocate and
start their business in Singapore. The pass is primarily open to all nationalities
as the fundamental aim of the scheme is to attract talent to the country and
bolster Singapore’s economy.
Besides
being compliant with the above requirements, you must also meet the eligibility
criteria under one of the three categories mentioned below:
1.
Entrepreneur
- Your company should have at least $100,000 in
funding from a Singapore government-accredited venture capitalist or
business angel to be an entrepreneur.
- A government-supported incubator or
accelerator should incubate your company.
- You should have an extensive business network
or a robust entrepreneurial track record.
2.
Innovator
- To fulfil the innovator criteria, your company
should hold the intellectual property.
- It should have research collaboration with
Singapore universities or research institutions under the Agency of
Science, Technology and Research.
- You must showcase a record of achievement in
your defined area of expertise.
3.
Investor
- Your business profile must showcase a
promising track record of profound business investments
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Work with Paciol to get your Work Pass Approved!
Do
you want to relocate to start your business in Singapore? Are you looking for a
helping hand to simplify your work permit application? Paciol is your answer.
To guarantee your success in the work pass application, we render our expertise
in preparing the application. Our seasoned experts ensure that all essential
documents are included to minimize delays and maximize the chances of approval.
We can also aid you in reconciling a business proposal, liaising with the MOM
officer in charge and arranging for the issuance of work pass upon in-principle approval.