EntrePass Employee Requirements

[Convolous]

Hi,

I have been on an employement pass in Singapore for almost 2 years now working for a large firm. I am planning on starting a web start-up in Singapore with some a Singapore locals as co-founders.

I have been looking at the EntrePass requirements outline at: http://www...com/immigration-work- ... neur-visa/

My main concern is the Total business spending ($100K) and two local employee requirements.

We have the $50K capital requirement, but that would be our funding for the entire year, not $100K.

Do the local co-founders count as "local employees"? Also we will be using a lot of local contracters.

Thanks for any help!
Toby

[sundaymorningstaple]

Local employees will be employees that are on the CPF roles as full time staff that contribute to CPF. If the founders are willing to work & pay CPF as salaries, as opposed to drawing director's fees, then you might make it for the first year.

[savestheday]

There are rules/guidelines but they will take it on a case-by-case scenario.