confused entrepass or employment pass

[desire83]

hi all! i m in singapore right now and planning to invest in franchise business i hv worked out all the details.. i have applied through a company and they 1st incorporated a company for me.. they told me after 14 days of incorporation they will subit my application for ep i.e employement pass .. according to my knowledge if a foreigner wishes to invest in singapore they should apply for entre pass and i have the required funds... i am a little confused are they fooling me! whn i questioned they told me that chances of getting an entrepass are slim compare to employement pass but i m still not convinced..
also i feel if i have 50000 paid up capital and a good busiiness plan i should go for entrepass than employment pass..
waiting for replies and suggestions

[sundaymorningstaple]

Is this for you or your "friend" who is a bankrupt in the middle east?

[desire83]

hahaha no no... he decided not to come!