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Applied entrepass and failed....what to do now?

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whattodo
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Applied entrepass and failed....what to do now?

Postby whattodo » Tue, 07 Dec 2010 12:23 pm

Hi guys

i have been reading a lot from this website forum before I applied for my entrepass last month. there are some very helpful advices i received here. after waiting for abt 5 weeks, they finally given my verdict and it has been rejected.

let me intro myself first, i am abt 24 years old, have been working in singapore for abt 3-4 years as a S pass holder. prior to that i have no working experiences. i plan to start up a company with another PR in singapore (the company is of the same field as what i am working as for the past 3-4 years), i met all the criteria, holding 50% share of the company (the other 50% is by the partner). Our startup capital is more than $100000.

the business plan i submitted is completed by myself and my business partner, pretty much we felt we have covered up as much as what we are adviced on at this forum (strongeagle's post). it may not be that proffessional but we certainly feel its good enough.

here comes the questions,

1-my entrepass visa has been rejected. what should i do? should i do the appeal? ( i guess no harm trying) but if the chances are not great what other ways can i try? is there any other ways if we dun use this entrepass method, we still can set up the company and i can work legally? since my business partner is a PR, is there any shortcuts we can do?

2- my business partner who is a PR can set up a company by himself, then by using quota of 3 local employees and he can apply S pass for me again. what is the chances of the s pass getting rejected? as far as i know, they need to see 3 months of CPF contribution for local employees before letting you to apply for the S pass. But the problem is i will be needed in the company from day 1 and is there any ways that i can work legally in this newly set up company from day 1?

3- my partner is my relative so there is no problem in the trust area.

if any of you have any insights or advices pls feel free to let me know because i am panicking right now....desperate for any helpful advices...

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Strong Eagle
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Postby Strong Eagle » Tue, 07 Dec 2010 12:45 pm

You probably got rejected because your partner is a PR. Entrepass is for foreigners starting a company. You are starting a company with a 'local'.

You and your PR friend can form a private limited, with each of you being a director and shareholder. Pay yourself enough and have the company file for an EP for you (employment pass).

whattodo
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Postby whattodo » Tue, 07 Dec 2010 12:55 pm

thanks for the quick reply. from what u are saying... do u mean if set up a private limited, if if i am paid enough then i will be granted EP?

but i m holding on a diploma only. If i am not wrong, EP in most cases are for degree holder... did i get that correctly?

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Postby whattodo » Thu, 09 Dec 2010 10:07 am

anyone out there can give me anymore advices? desperate and running out of ideas.....

anyone has a succeessful attempt on appealing the entrepass??

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Postby ksl » Thu, 09 Dec 2010 1:25 pm

whattodo wrote:anyone out there can give me anymore advices? desperate and running out of ideas.....

anyone has a succeessful attempt on appealing the entrepass??


SE has pointed you in the right direction, as he explained why you don't qualify for entrepass. Try the Ltd Company with your PR mate, and attempt to get yourself employed on the S pass. If you only have a diploma you may still qualify. It all depends on the type of industry that you are involved with too. If there are too many companies already in this area of working, it would be unwise to let people just start up, it adds nothing but competition and surely there maybe enough already. So think of the specialty areas of your skills and define those, you need to offer something different from the rest.

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Postby Strong Eagle » Thu, 09 Dec 2010 7:33 pm

I think you have two options. Try for the Entrepass yourself, with no partner. If you have $50K you cross a major hurdle.

Second thing is to form a company with your partner... pay yourself $7000 a month to qualify for P1 EP... you can always lend it back to the company if you need additional capital.

Third, have someone review your business plan to make sure it is consistent. If you have numbers that don't work, you will get rejected.

whattodo
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Postby whattodo » Fri, 10 Dec 2010 12:53 pm

thank you KSI and SE for the advices. i thought of the same thing as both of u .... My partner to incorporate the business then employing me with S pass using the quota with employing locals.

as what SE has mentioned, my partner can employ me and pay me $7000... she has no problem with that... but dun they look at ur degrees? in this case i only holds diploma...

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Postby sundaymorningstaple » Fri, 10 Dec 2010 1:22 pm

For lesser passes, yes, academic criteria does apply, but for P1 passes, the only thing that applies is experience and salary in excess of 7K/mo. The reasoning is that there are a lot of folks out there with a heck of a lot of street smarts who are highly sought after and employers are willing to pay them a good salary for that intelligence. The government figures, if private enterprise knows a persons worth is that high, they maybe the government should also look at finding ways to tap that knowledge as well. :wink:

On the other hand, if you don't have the experience in what you are applying for, and the salary is effectively a ruse, the government will see through that as well, so the granting of the P1 pass is NOT automatic. Good Luck.

whattodo
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Postby whattodo » Tue, 14 Dec 2010 10:54 am

thank you guys for your precious advices.... i will come back to you guys when i have questions again.... u guys have been very helpful.

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Postby ecureilx » Tue, 28 Dec 2010 6:40 pm

whattodo wrote:thank you guys for your precious advices.... i will come back to you guys when i have questions again.... u guys have been very helpful.


I'm a bit late to this party, but from an experience - from a friend - if you start a company with a higher paid up cap - atleast 100K and above, the entrepass breezes through pretty easily - and no- if you start at 2$ and later inject 100K, it takes a month plus for the records to get updated. Dunno who does what but somewhere the info gets lost for a month before MOM knows you are not a fly by night op ..


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