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Singapore Entrepreneur Immigrant (ENTREPASS) application process

2018-03-16 11:12:03

Introduction to Singapore Business Permit immigrants: Singapore business immigrants are registered in Singapore, obtain the business permit, and then further apply for a green card through the business permit. The Business Entry Permit, also known as the Business Entry Permit, is a work permit for foreign entrepreneurs jointly reviewed by the Ministry of Manpower (MOM) and SpringSingapore. If you plan to set up a new business in Singapore, you are eligible to apply for a Business Start-up Pass, which will further obtain Singapore Permanent Residence (PR) for the purpose of entrepreneurial immigration.


2. Must be registered in Singapore, registered as a private limited and have a secretary and accountant (available). 3. The applicant must hold at least 30% of the shares. 4. Have a registered capital of at least S $50,000. 5. Registration shall not exceed 6 months. 6. The business must be legitimate. From September 1, 2013, the approval criteria have also been added, and applicants must meet at least one of the following conditions: 1) obtain approved third-party venture capital funding or angel investment; 2) Holding patents or intellectual property rights and Copyrights approved by national patent and intellectual property departments; 3) and A * STAR, Singapore (AgencyforScience TechnologyandResearch, Singapore world-class r&d) approved by the research and development institutions or local universities have research and development cooperation; 4. Get Singapore bouncy bureau (SPRING Singapore) or Singapore national research foundation (NationalResearchFoundation (NRF) support the development of incubation industry. Not considered for business permit: Coffee, gourmet food, food court, bar, night club, karaoke, lounge, foot massage, massage parlor, Traditional Chinese medicine, acupuncture, Chinese medicine dispensing, labor agency, Feng Shui master.


Third, application steps: The first step, industry selection, applicants need to identify their own industry, and the feasibility of Singapore. Have a clear business plan. Step 2, suitable patents or Copyrights, from the new regulations after September 1, 2013, this is the most achievable condition. The patent or national certificate must be relevant to the industry operating in Singapore. And the certificate holder must be one of the shareholders applying for the business permit. Step 3, Prepare materials Personal data a. Passport type photo 2 b. Passport copy (personal information page) c. Resume (basic information, education, work experience, business experience, award record, personal expertise, etc.) d. Proof of past employment and reference letter (no business experience, must provide) e. Highest education certificate (translation required, Chinese college degree or above certification required ( f. Other personal awards or professional qualifications (translation required) g. Personal deposit certificate (Chinese or Singapore banks are acceptable) h. Patent certificate or national certificate (translation required) i. Other personal materials (analysis based on individual circumstances) Information (if the applicant has it, it must be provided. If not, it is necessary to strengthen personal work experience) a. Business license, tax registration certificate, organization code certificate. Certificate of shared.c. Financial statements for the past 3 years.d. Other information (such as brochures, web sites, photos, leases, photos, awards, etc.) Step 4, business plan and application form Fill in personal suggestions, business plan must be written by a professional team, even for the business permit plan team. A large part of the decision to approve a business start-up pass lies in the writing of the plan. The same personal conditions, different proposals, will also affect the approval result. The team that writes the proposal needs to ensure that it can be trusted to do the following. 1. The team has a lot of successful business plan cases. 2. Can listen to your opinions (after all, you have a business, you know your business best. You'd better be able to write a simple outline yourself.) 3. No grammatical errors, can be modified (after you read it, feel not satisfied 100% accept the modification. Of course, sometimes, you also have to listen to their experience) 4 will give you a retention (must be able to give you a business plan, can not be confused let him pay, after all, you are paid) 5. Stand the test of plagiarism rate, (plagiarism rate must be less than 15%. Be sure to write according to their own circumstances, tailored) 6. All plans should be suitable for their own circumstances, appropriate packaging. But remember to exaggerate, but can not provide relevant materials. The plan should be feasible. Fill in the form: Please fill in the form according to your actual situation, so that the handwriting is clear and neat. Step 5, submit the materials (if you register before applying for the Business Pass, please prepare the materials in Step 6 first, and then submit the materials together) After finishing all the above materials, submit the Business Pass application materials at singpost, Singapore Post Office. The application fee is SGD 70. Step 6, Letter of Approval in Principle (If you register before applying for the Business Start-up Pass, please advance this step to Step 5 and prepare the registration materials before submitting.) Generally 6 weeks later, the business permit application results will come out, the first letter is the Approval InPrinciple, the general requirements of this letter is that you should write the registration according to the plan, and open a bank account, deposit the registered funds, and get the bank statement. It is worth noting that after the approval in principle, the applicant can register independently without the need for a local director in Singapore. After registration, you need to I-submit two documents to the Ministry of Manpower: a. bizfile. companybank statement Step 7, In-PrincipleApproval and Pass processing Once you have received the full approval, prepare the materials according to the approval instructions and go to EPSC for the pass. Step 8, normal operation successfully applied for the Singapore Business Permit holders, need to provide the following documents based on the Singapore business plan operation within 6 months of holding the permit to the Singapore Ministry of Manpower for review, if the information is not qualified, the relevant pass will be cancelled. 1) Singapore lease; 2) CPF certificate of Singapore employee; 3) Proof of shareholding structure in Singapore and date of registration. In the process of operation, you must operate the project you apply for the business permit, otherwise it is very difficult to approve. In addition, it does not need to operate as written in the plan, but can operate as your actual idea needs to operate. However, the conditions for renewal of the Pass must be met when renewing the pass.


The 9th step, Singapore Permanent Resident (PR) application can be applied for permanent resident (PR) after 12-14 months of normal operation. Whether Singapore can approve permanent resident (PR) depends mainly on the applicant's personal conditions and the operation of the application in Singapore. If you do not contribute to the Singapore economy, employee employment, provident fund payment, tax, etc., it will be difficult to approve the application for Singapore Permanent Resident (PR). Note: This step is written in accordance with the plan of applying for the business permit and then registration. This plan has low risk, but the approval rate is somewhat lacking. If you want to register first, you can provide the registration information and bank statement when submitting the application for the Business Start-up Pass, which will shorten the approval time and increase the approval rate to a certain extent.


4. Doubts about the Business Permit: 1. The business permit must be submitted within 6 months after registration. 2. If you apply for the business permit after September 1, 2013, you can apply for the family permit after hiring 4 employees and reaching 150,000 expenses. 3. There are no strict rules on the start-up projects that can be applied for, but long-term experience has shown that the more the industry contributes to Singapore's technological development, employment, tax and other aspects, the more likely the application will be approved. The Entry permit does not apply to foreigners setting up non-entrepreneurial businesses in Singapore, and some industries will not approve it. (e.g., coffee/hawker/food court/bar/night/recreation hall, foot reflexology/massage/karaoke room/acupuncture therapy/Traditional Chinese Medicine/Chinese Herbal health hall, job agency, Feng Shui consultancy, etc.). 4. Educational background is not the decisive factor in applying for the business permit, but the applicant's business background, business project, investment amount and the quality of writing business plan are the most important factors in applying for the business permit. 5. The applicant's UK permit is not one of the factors considered when applying for the Business Start-up Permit. 6. There is no strict rule on whether an Entrepreneur Pass holder is required to stay in Singapore for a long period of time, but long-term experience shows that the longer the applicant stays in Singapore, the better it will be for the applicant to renew the Entrepreneur Pass or apply for Singapore permanent resident. 7. There is no strict rule on how long you can apply for Singapore permanent residence after the approval of the Business Start-up Pass, but long-term experience shows that the application is usually started within 12-24 months, which can reduce the probability of being rejected by the Immigration Department of Singapore. 8. Applicants may apply for Singapore citizenship at least two years after they have acquired Singapore Permanent resident status.