You are mixing apples and oranges here. The above is for an Entrepass which results in the applicant receiving an Employment Pass, not PR.sgstrait wrote:Here you go: http://www.mom.gov.sg/passes-and-permit ... ligibility
You need S$50,000 paid-up capital AND ONE of these:
- Your company receives funding or investment from a venture capitalist (VC) or business angel who is accredited by a Singapore Government agency.
- Your company holds an intellectual property (IP) that is registered with an approved national IP institution.
- Your company has an ongoing research collaboration with a research institution recognised by the Agency for Science, Technology and Research (A*STAR) or institutes of higher learning in Singapore.
- Your company is an incubatee at a Singapore Government-supported incubator.
They specifically say the following are examples of non-permitted buisnesses:
Coffee shops, hawker centres, food courts.
Bars, night clubs, karaoke lounges.
Foot reflexology, massage parlours.
Acupuncture, traditional Chinese medicine, herbal dispensing businesses.
As you can see, they are looking for hi-tech type companies, or ones that are innovative in nature. Hospitality probably wont be acceptable. No guarantee of PR from this, unless after a few years, you show successful business with local employment.
If it was any easier then every Tom, Dick and Harry would be setting up small shops here.
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