Strong Eagle wrote:I have an Entrepass. It is nothing more than a P1 employment pass because they way they issue it is exactly as you said: You are working for your start up company, and can work for no one else.
When I submitted my business plan, it was 28 pages, with charts, pro forma statements, marketing plans, sales plan, comptetitive analysis, etc. They now limit the plan to 10 pages maximum I believe. Check the MoM website for details. http://www.mom.gov.sg/MOM/CDA/0,1858,12 ... --,00.html
As to pass rates and criteria... this is closely guarded by MoM. However, my guess is that if you have
a) experience and credentials
b) a plan that introduces technology, management skills, or jobs into Singapore
c) some money to invest and a demonstration that you can support yourself
I'll bet you get approved. It's just my own gut feel but older white guys with experience, a degree, and some money are a relative shoo in unless you are simply incapable of writing a coherent business plan.
I'd focus on the technology you are going to bring, and be sure to empahsize the taxes your company will pay. No one actually checks to see if you deposit a hundred thousand dollars, if that is what the plan says. OTOH, there are bright people at MoM and if your projections, market, sales, and financials aren't coherent, you could have problems.
You will probably want to set up a private limited company but you don't want to put in $100,000 of paid up capital. Much better to create $2 company and loan the rest of the money to the company. Much easier to get it back out.
Hi Strong Eagle , do you means Tan Saw Bin know the process of EntrePass also ? As I dont have want to have local share holder also .Strong Eagle wrote:1) There are reasons to go with paid up capital and even though I currently have a $2 company, I will probably change that shortly because I need to look stronger to potential clients who will evaluate my financial condition... having a couple hundred thousand shares in a private company does look better than two dollars.
2) I have an excellent certified accountant that knows every last thing about about doing a business here... including employment passes. She has provided great value to my company. PM me if you want details.
I am sure that she knows the mechanics of filing for an Entrepass since it is very straightforward and documented on the MOM website.fx8fx wrote:Hi Strong Eagle , do you means Tan Saw Bin know the process of EntrePass also ? As I dont have want to have local share holder also .Strong Eagle wrote:1) There are reasons to go with paid up capital and even though I currently have a $2 company, I will probably change that shortly because I need to look stronger to potential clients who will evaluate my financial condition... having a couple hundred thousand shares in a private company does look better than two dollars.
2) I have an excellent certified accountant that knows every last thing about about doing a business here... including employment passes. She has provided great value to my company. PM me if you want details.
Yes, you get your green card and multiple entry visa stamped in your passport just like any other EP. Your FIN (foreign immigrant number?) gets you Singpass and is used for drivers license, etc.fx8fx wrote:tks a lot Strong-Eagle
Btw, wonder whether Entre-Pass holder would get a SG ID ? so there is no need to bring passport every day
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