By establishing the new framework, the Singapore government seeks to ensure that only quality entrepreneurs that bring real value to the Singapore economy, and provide employment to local Singaporeans will be qualified to receive EntrePass based access to the Singapore market,” says Singapore Immigration Consultancy One Visa.
No embargo, for immediate release.
As from 01 September 2013 foreign entrepreneurs looking to start up businesses in Singapore will be
faced by more stringent requirements in order to qualify for EntrePasses due to tightened entry and
renewal criteria recently announced by Singapore’s Ministry of Manpower (MOM).
The new EntrePass framework has been designed to level the playing field for Singaporean
entrepreneurs who face stiff competition for resources and funding from foreign nationals entering
the Singapore marketplace.
According to leading Singaporean visa consultancy, One Visa, the new criteria will affect those
entering the market, as well as those applying for EntrePass renewal and will target start-ups
defined by a pre-determined set of well documented criteria.
One Visa Senior Immigration Consultant, Cheng King Heng emphasised that those entrepreneurs
entering the market would be well advised to seek professional assistance on just how the new
qualification criteria would affect their EntrePass application, in order to increase their chances of
“The new regulations and framework are more rigid than has been the case in the past, however
with the correct advice we believe that most entrepreneurs will still be greeted with open arms by
the Singapore authorities,” said Mr Heng.
According to the MOM guidelines as from the 1
meet at least one of the following criteria, on top of already existing requirements:
• Receives funding from a recognised third-party venture capitalist or business
• Holds proprietary or licensed Intellectual Property (IP) recognised by an
approved national IP institution.
• Is involved in research collaboration with a research institution recognised by Agency
for Science, Technology and Research (A*STAR) or any local tertiary Institution.
• Is an incubatee at a recognised incubator supported by SPRING Singapore or
National Research Foundation (NRF).
• Receives support from a Singapore Government agency.
In addition the start-up will have to provide more detailed documentation for MOM within the first
six months of operation.
“By establishing the new framework the Singapore government seeks to ensure that only quality
entrepreneurs that bring real value to the Singapore economy, and provide employment to local
Singaporeans will be qualified to receive EntrePass based access to the Singapore market,” said Mr.
The One Visa Senior Immigration Consultant was upbeat about entrepreneurs considering entry into
the Singapore market or applying for renewal of their EntrePass.
of September EntrePass applicants will have to
“There’s no doubt that the process of application and renewal is now more challenging. However
with the right advice we believe that the majority of applications will be successful. One Visa has
a record of providing applicants with advice that makes the visa application process as painless as
“Our success rate is extremely high and we remain convinced that these new barriers to entry and
renewal are not insurmountable if applicants select the right partner to help make sense of the new
framework. If we had one piece of advice to those who are looking to renew their EntrePass is to
take action and seek professional guidance sooner, rather than later,” concluded Mr. Heng.
For more information on the changes to EntrePass requirements check
For more information please contact:
One Visa Pte. Ltd.
9 Temasek Boulevard | #09-01 Suntec Tower Two | Singapore 038989 | SINGAPORE |
Tel: +65-66816516/ 64071579 | Fax: +65-64071501 | website: www.one-visa.com
MORE ABOUT ONE VISA:
One Visa is a Singapore-based consulting firm that specialises in providing solutions to Immigration,
Recruitment and Incorporation matters to both the corporate clients and individuals.
One Visa Offers specialised immigration service to obtain Singapore Work Visa, Permanent
Residency and Angola Visas. In addition, the company provides recruitment services from Junior to
Mid-Level Executives as well as Technical specialists for IT, Finance, Oil & Gas Sectors