How to Immigrate to Singapore

How to Immigrate to Singapore

Singapore is termed as one of four Asian tigers owing to stable and progressive economy. Every year thousands of aspirants migrate to this island nation to seek better future and a quality life. This island nation has been consistently receiving a juicy share of  spirants every year.

If you are contemplating an idea of moving to this island country, it is essential to have a thorough briefing on procedures and ways to get a successful entry and eventually a permanent residence.

Singapore migration statutes permit emigration under

·       Professionals/Technical Personnel & Skilled Worker scheme (PTS program)

·       Investor program

·       Artists and talented people

·       Landed permanent resident program (LPR)

Most of programs except PTS require substantial funds or qualifications and recognition on global basis. If you are not one of those globally acknowledged people and neither you have substantial wealth then you can gain entry into Singapore on basis of what we generally term as skilled migration i.e. PTS

Immigration though PTS can be classified into 2 major phases

·       Entering into country on basis of entre permit or EP

·       Filing for and securing permanent residence

Employment permits (EP)

EP is a work permit granted to          

·       Overseas professionals

·       Personnel

·       Managerial staff

·       Directors and proprietors of Singaporean corporates

It is free of annual sealing on number of grants. EP applications are assessed on basis of profiles of both employing Singapore based organization as well as aspiring migrants.

Entrepreneur Permit (Entre Permit)

This program was adopted by authorities in 2004 with objective to encourage overseas business proprietors with essential funds and business expertise who would be interested in establishing and running a business in country.


To obtain this permit you would need to supply a detailed business plan in not more than 10 pages in length and also substantiate your

1.   Business track record

2.   Intention

o  To establish an organization registered in Singapore

o  Of infusing a minimum of 30% share capital in the proposed organization which has paid-up capital of at least S$50000

EP or Entre Permit is extendable permits with 1-2 years of validity. The types of permits issued depend on wages offered to migrant’s i.e.

·       P1: Basic wage above S$8,000 per month

·       P2: Basic wage in range of S$4,500 and S$8,000 per month.

·       Q1: Basic wage in range of S$3,000 and S$4,500 per month

Permanent residence

This process can be initiated in 6 months to 3 years depending on kind of permit. You must submit salary statements of previous 6 months along with request for PR. Time frame generally thought to be appropriate for

·       P1: 1 year

·       P2: 2 years

·       Q or S: 3 years

PR request is evaluated by authorities on basis of

·       Academic achievements

·       Period of residence in person in country while being on EP or entre permit

·       Job profile

·       Employing organization’s profile

·       Character background

·       Financial health etc.          

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Singapore Immigration FAQs

Singapore Immigration FAQs

 (Q) Please provide me with the basics of the Singapore Landed PR (Permanent Resident) visa.

The Singapore Landed Permanent Resident (LPR) scheme allows the applicant, working and living overseas. This program is meant for you if you are highly qualified with experience and have a unique set of skills. The applicant must be top of the order executive or manager or high highly qualified academically with exceptional scores from renowned Universities/Academic Institutions or performing responsible tasks for world renowned transnational companies to be eligible to make an application under this scheme. Your field of specialization/skills should ideally be in short supply in Singapore and thus, enable you to make unique contribution to Singapore economy and society.

(Q) What are the factors that are considered while assessing the application under the LPR Scheme?

An applicant must be 45 years or younger, with a tertiary qualification i.e. a Bachelors Degree or/and above and not working in Singapore. He must meet one or more of following criteria to be eligible under the program:  

·       His occupation should be sought after and would continue to be in demand in the near future, specifically in terms of employment opportunities in the nation.

·       If he is still pursuing his degree or has just completed his higher education, the University should be among the 100 best universities of the world and the field of study should be highly sought after.

·       As an employed professional, you must have a work experience of the highest standards and must be among the top professionals in your field.

While applying, you are permitted to include your immediate family members. The immediate family members can only include your spouse and unmarried children. However, your children must be below 21 years of age.
       (Q) Does LPR confer PR status on the successful applicant?

A Landed PR In-Principal Approval, if obtained, does not confer an applicant a PR status unless he/she could fulfil the condition stipulated by the ICA within a year. In most instances, this condition would be taking up employment in Singapore. This means that prior to fulfilling the condition, the status of a Landed PR holder in Singapore is that of an ordinary social visitor. Thus, getting a job or successfully settling down in Singapore (through self -employment or business) is one clear way of removing this condition. In practice, as long as the applicant has physically relocated to Singapore, rented or purchased a residential property, have admitted his children to schools in Singapore, authorities would be willing to grant him the Singapore PR status. Non-serious applicants who want to have best of both the worlds retain their current jobs and assignments and also retain Singapore LPR are best advised not to apply under the option.

(Q) What is the duration of the confirmed PR status in Singapore?

Normally, the PR status is granted for five years initially and renewable thereafter as long as one continues to reside in Singapore. One is eligible to apply Singapore after two years of obtaining your PR status.

(Q) What is the average application processing time for Singapore Landed Permanent Resident (PR) visa?

The average processing time for Singapore Landed PR (Permanent Resident) application is 6 months or more. Some of the "Singapore Landed PR applications" have been pending decision for more than a year. Beware of consultants who promise Singapore Landed PR within 3-6 months. Normally, that is not the case! A practical view would be an application processing time of 6-12 months from the date of lodgement. If the Landed PR application is long outstanding, a follow-up with ICA will be requested, till a decision has been received. Our services end when an outcome decision has been received.

(Q) I seem to be eligible to apply for Singapore Landed PR application? Does it mean guaranteed approval?

No. While  is extremely cautious about accepting applications that are likely to meet the qualifying criteria, the discretion to accept or reject the application lies with Singapore & Checkpoints Authority (ICA). One interesting aspect of the ICA decision making process is that it will not offer any reasons for refusal. Therefore, it makes sense to take all the necessary precautions while filing the application. In Immigration Consulting business since 1994, Stallion has critical understanding of assessment criteria that Immigration authorities across the world follow. This understanding comes out of years of research, attention to details and knowledge of industry, immigration laws, country specific demographic, critical skills needs. More so, forceful presentation of our client`s credentials and why he/she is the right candidate in the category we are making the application under also add to it. 

(Q) What is the documentation attestation process for making an application under Singapore Landed PR?

The applicant is personally required to visit the nearest Singapore overseas mission with all the photocopies of the originals and get them certified. This will be done by the applicant at his cost. The applicant will need to call in advance and take an appointment for the purpose. He/she must take all the original documents and passports along at the time of visit. After the certification is done,  will courier/mail-in the complete set of Landed PR application together with fee bank/demand draft to the designated Singapore Government agency.

(Q) What is the fee payable to the Singapore government appointed agency? What are the additional expenses?

With the application, a fee of SGD 1500 (1 SGD = INR 35 approximately) is payable to the Singapore government appointed agency. The processing fee is non-refundable. In addition, the applicant pays a standard fee of SGD 200 per person at the time of final reporting (stamping) and completion of formalities. This fee is payable only after the application has received In-Principal Approval. Thus, post In-Principal Approval, a family of two could be paying a fee of SGD 400 towards the completion of formalities. Thus, it is an expensive application process.

Fees for certification of documents are payable separately to the Singapore Mission where the documents are certified. Applicant may also incur costs in getting English translation of non-English documents that form part of his application. These translations must be done by an approved translator.

(Q) What is the concern area related to dependent male children?

A male applicant may include his wife and unmarried children below the age of 21 as dependants in his application. A female applicant can only include her unmarried children under the age of 21 years in her application. Husband of a female applicant will have to apply on his own merit. The principal applicant is exempted from national service.

However, all healthy male children that are granted PR status through their parents must register for national military service when they reach the age of 16 and a half. They will be required to serve 2 years of full-time National Service followed by 40 days of Operationally Ready National Service per year until the age of 50 (for officers) or 40 years (for other ranks).

(Q) What are the key documents that are required while filing an application under Singapore Landed Permanent Resident Visa?

Besides the normal forms and case specific documents; the applicant, spouse and accompanying children must provide copies of passports, birth certificate, transcripts related to educational and professional qualifications, translated documents into English (if documents are not in English) by an approved translator, employment reference letters, salary slips for the last 6 months, income tax returns for at least the last 3 years and marriage certificate. These are the basic documents required for filing the application. In addition, there will be case specific situations that  shall address for registered clients.         

(Q) Who should apply under the Singapore Landed Permanent Resident (LPR)?

An ideal applicant would have a few years of experience, unique skills or project a work experience that makes him eligible to contribute positively to the Singapore economy and society.

Applicants with experience in research with Postgraduate and Doctorate degree qualifications get special attention under this scheme. Those in senior most executive positions, young age immaterial would get preference over those who are at lesser responsible positions.

Those holding degrees such as Bachelor`s, Masters or a Doctorate are encouraged to apply. However, the Diploma holders might not have a great chance unless they hold a significant position/designation. Following occupations have excellent chance of meeting the requirements and qualify under the program.

Manufacturing Sector

Engineering Degree holders in Mechanical, Chemistry, Chemical, Civil, electrical, Computer Science, Environmental, Aerospace, Marine, Petroleum, Naval, Avionics, Information Technology, Nano Technology

Construction Sector Engineering specialists in Civil, Construction, Design, Bridge, Geo-technical, Structural, Quantity Surveyor, Testing and Commissioning

Information Communication and Digital Media Industry

ICT specialists - Analyst Programmer, Chief Information Manager, Database and Systems Administrator, Game Producer and Programmer, IT analyst, Architect and Consultant, Software Architect and Software Engineer, 2D and 3D Artist, Animator, Director - TV/Video/Film, Event Industry, Sound and Light Specialists, Screenwriter, Storywriter, Storyboard Artist, Visual Effect Artist 

        Tourism and Retail Industries

Lighting Designer, Production Manager, Set Designer, Sound Designer, Stage Designer

Finance Industry

Chartered Accountants, Risk Manager and Controller, Compliance Officer, Trust Professional, Shipping Financier

Healthcare Industry

Doctors, Dieticians, Occupational Therapist, Pharmacists, Medical Laboratory Technologist, Physiotherapist, Radiation and Respiratory Therapist

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Benefits of Immigrating to Singapore

Benefits of Immigrating to Singapore

Is immigration to a hot overseas destination occupying your thoughts? Do you wish to embark on a new and perhaps better journey? Are you planning immigration for a better job or career opportunities? Is an improved and enhanced standard of life something which inspires you no end? If answer to these key questions is ‘YES’, start looking towards the beautiful Island Nation of Singapore! It is the best city-state across the globe for the Asian migrants to live in overtaking Shanghai, Japan and Hong Kong.

Why Singapore!

There are many reasons for choosing to work and live in the City-state of Singapore. Some of them are:

Political Atmosphere: The Singapore Government is quite efficient and totally devoted to growth. They are known to run the nation almost like a perfect and well-oiled business. The nation is rather special -- in terms of its political environment. There are not many opposition parties out there. Hence, there are hardly any coups, resistance, or even clashes.  That this is vital for firms which invest there and for foreigners who stay there -- just cannot be refuted. They don’t have to unnecessarily worry involving the imagined or the likely loss of investments and jobs due to wobbly political atmosphere. Singapore rolls-out red-carpet welcome for talents. Those having the skills, qualifications, experiences and/or talents, may rest assured that they would be embraced with open arms by Singapore.

Economy: The Southeast Asian country of Singapore has a very sound economy even as it is the world’s fourth leading financial hub. The nation also boasts of the globe’s 3rd highest GDP, and this makes the island nation one of the richest across the whole globe. From business and investment viewpoints, few nations can actually match Singapore.

Law Enforcements: It is hard to come across instances of protests, strikes and riots on the soils of Singapore. This is the outcome of the strict law enforcement by the nation’s police. Those found involved with any of these, are put behind bars, or fined, or both. It is rather safe to walk alone in the streets, even during the nights. Crime rate is far below than what one gets to see across other countries. 

         

English Usage: Almost every person in Singapore uses English language for communication purposes. This comes as a big relief for all those migrants who are comfortable with this international language. That there is no dearth of such migrants is no surprise. No wonder, Singapore migration makes much practical sense from the communication angle as well.

Stronger Dollar:  The Singapore dollar is comparatively much stronger than most of the other Asian countries even as this makes overseas holidays much cheaper for the visitors.

Geographical Location: The nation has excellent geographical location. This is just perfect for big and small organizations to establish base in the nation and have a wider and better access to the key parts of Asia and the Middle East.

Actually, the country is already being used as a Gateway with even firms from China establishing offices there to access the markets of the US and Europe. Even foreign workers are growingly use this strategically located Asian nation as a stepping stone to acquire valuable work experiences and brush-up their English skills, with a view to later shifting to other developed nations, including the US, and Australia.

Immigration Rules & Regulations: The immigration rules and regulations of Singapore are not very complex and quite easy to follow. In fact, it is not difficult at all to turn up on its soils -- provided the applicant is suitably equipped with the needed passes and/or papers.

Climate: The country has round-the-year lovely environment which is hard, if not difficult, to come by elsewhere. With almost nil natural calamities, including earthquakes, tornadoes, typhoons, and winter coldness, the nation indeed proves very appealing for the migrants.

Transport: The country being rather small and boasting of excellent transport facilities one may travel from one corner of the country to the other corner inside 60 minutes flat. The Singapore transport system covers the entire nation even as it is not needed on the part of the visitors to own a car for travel purposes. With several Mass Rapid Transit (MRT) trains, buses and cabs/taxis as public transport, even in case one has a car, all roads are well linked and inter-connected.

Education: The education system of the country is too good; in fact, some experts on the issue claim that it is the best across the whole world. The nation’s education system caters to practically all kinds of students. While the state managed centres of learning are famous for offering quality education, even the private ones offer world-class education. No wonder, several overseas students enroll and study there.

Greenery: Despite Singapore being sort of a Concrete Jungle, much surprisingly, there’s much greenery all around. Actually, the city-state boasts of one of the best green covers across the whole globe. Singapore is very urbanized. Still, close to 50% of the nation is under green cover, and this is really amazing.

Cuisine:  The South-east Asian nation offers a plethora of delicious food choices -- more so international cuisine -- to the gourmet.  Actually, the Singapore cuisine is the best across Asia, in terms of sheer variety, giving the migrants one more reason to migrate to it.          

These are just some of the many vital factors that tilt the balance decisively in favor of Singapore immigration. But then this list may not be rather exhaustive. There may be many omissions, and there could be several other reasons for which it may pay – rather handsomely at that -- to immigrate to Singapore.

For more updates on Singapore immigration and visa, watch this space. For immigration to UK, US, Australia, Canada, Denmark, New Zealand, Lithuania, Singapore, and Hong Kong, send your updated resume to stallionimmigration.com and get Immigration 

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Singapore Entrepass

Singapore Entrepass

Overview

 Singapore, apart from being a financial hub, a buzzing place,

a marvelous economy, is a potential immigration destination too! Not many people are aware of its USP as the same and that’s where its advantage lies in! Worthy possessions, alluring job openings and potential business alternatives, many such facets are still left unexplored and a lot can be added, courtesy the skills that would be brought in by the imminent new immigrants to Singapore.

Let us see as to what are the reasons that people are just flocking in to this blissful country:

A friendly country for all! Be it investors, skilled migrants, firms or any other class of immigrants, Singapore has a friendly regime for all! Its various government and private schemes enable new immigrants to settle in with      ease, and apply for a PR status or citizenship in the long run.

Taxation Rates: Low taxation rates means immigrants would be left with ample finances to spend on self and kin, hence saving it for future too. This is also applicable for firms operating in Singapore, making this facet directly proportionate to expandable growth. 

          Great advantages and schemes for everyone: New immigrants, citizens and PR are entitled to get certain benefits from government, which enables them to experience a happy living in Singapore. Additionally, citizens of Singapore enjoy visa exempt travels for a majority of countries in the world. Not to forget the advantages in Singaporean education system, health care system and housing options in Singapore.

Great Quality of life: Singapore is considered as a brilliant immigration destination, offering a stupendous quality of life to its people. The culture of business and family go side by side, hence generating a right merge of ambiance for everyone! Along with a good quality of life, chances of becoming a citizen are high too! The transparent immigration system of Singapore allows the applicant to apply for citizenship within twelve months of being a law-following PR.An Organized Singapore: Being a small country, commuting is viable! An excellent transport system adds cherry on the cake of the amazingly existing state-of-the-art facilities making transportation an affordable and classy aspect for every Singaporean. Coming to other facets, the education system of Singapore

is decked with plenty of options, hence providing proficient scope for every knowledge-seeker. The job of Technical Training Centers is to further ensure that students are converted into skilled labors, hence fulfilling the demand of the country along with providing job opportunities to new immigrants.

Those who are looking for Singapore as tourist destination are not left empty handed too! Being one of the best food capitals in the world, "foodies" would love to travel to this place with mouths wide open! Lovers of Colonial flavor can find solace in Singaporean architecture, which shows ample glimpse of the same.

This is just a fragment of why Singapore is one of the hottest immigration destinations Simply fill our free of charge assessment form as Singapore immigration experts would revert back to you on your eligibility criteria or simply mail your resume at Stalliomimmigration.com

Why "Singapore" For Businessmen?

Talking about prospective immigration destinations, the name of Singapore (officially the Republic of Singapore) can never be missed out. The country has perfectly molded itself into what all it takes to be an idyllic immigration place of one`s vision! Adding feathers in hat, it`s faultless as a business destination too!          

Further, through the applauding of 4th leading financial hub across the globe, the high prospects of oozing trade and finances cannot be ignored. Moreover, Singapore`s port (which is one of the five buzzing ports across the planet) works towards adding cherry on the bar as far as the country`s thriving economy is concerned.

With an everlasting narration of migration, and consisting almost one third of its actual population as immigrants, a majority of ethnic groups are making their way into this amazing city-state island country. No wonder the exuberant economic status takes its contribution from the highly skilled immigrants, who have been playing a critical role in augmenting every positive facade in Singapore since ages.

Exploring the business options further, the country sits proudly at the top position when it comes to reigning every country in Asia along with their fiscal markets. This is one of the biggest reasons as to why a majority of businessmen are getting engrossed towards this country every now and then. Making industrialization as its biggest USP, the country has by now succeeded in luring  from all over the globe with its sheer magnetism! This directly or indirectly spawned job opportunities for skilled migrants, not only from Asia but all over the cosmos!

Be it the or the businessmen can land in Singapore (provided whichever out of these suits them the best) and eventually apply for permanent residence in the long run too.

Singapore`s immigration specialists

are there to assist you at every critical step. Fill our  for us to determine your eligibility towards getting the apt visa.

Why Entrepreneur Pass?

Entrepreneur Pass is an easy gateway towards gaining entry in Singapore and especially preordained for potential entrepreneurs who are planning to start a new business and/or get involved in a Singaporean firm.

Essentials: 

Prospective Entrepreneur Pass applicants are required to complete certain mandates to ensure a winning entry in Singapore through Entrepreneur Pass. The biggest of them all is to have an excellent record in management field, along with a convincing business plan and ample finances to manage the business in Singapore. business immigration specialists have plenty of competence under their buckle to craft an inspiring business plan, keeping in mind the minutest of grains of Singapore Entrepreneur Pass application process. It would highlight key aspects of applicant`s capitalist proficiency, prospective business in Singapore and marketing stratagems for future growth.

Also, surfing the Singaporean market conditions since ages, we would accustom our clients on realistic businesses that have developed a strong base in the country till now. Additionally, the USP of Entrepreneur Pass lies in letting those applicants apply for Singapore visa, who otherwise face age and qualification constraints for other Singapore visa options.

Further, the Entrepreneur Pass enables an applicant to bring his immediate family members to reside in Singapore, after fulfilling the pre-requisites allied with the application process. He is permitted to leave and re-enter the nation and later on go on to apply for a PR status and later Singaporean citizenship in the long run.

One can commence the operations of his Singapore Company after getting positive approval of the Entrepreneur Pass application. Singapore Immigration Entrepreneur Pass visa experts at would be delighted to mentor their clients about key aspects of Singapore Entrepreneur Pass. Applicant`s business and personal profile would be assessed with sheer examination, based on which the application process would be instigated further.

Eligibility for Singapore Entrepreneur Pass

Prospective Entrepreneur Pass applicants must accomplish the following mandates to fulfill the eligibility criteria for Singapore Entrepreneur Pass:            

·       A well-crafted business plan is your first step towards a victorious Entrepreneur Pass application. Hence, the application must be decked with a credible ten-page professional document. (With oodles of experience, Singaporean immigration specialists know what all it takes to craft one for its clients).

·       The nature of business must be highly entrepreneurial with a LEGAL entity.

·       Pre-requisite is to register the firm as a Private Limited Company with the Accounting and Corporate Regulatory Authority (country's regulator of businesses and public accountants.)

·       The company must have a minimum of SGD 50,000 paid-up-capital. For authentication, it is essential to provide a bank statement of a minimum of $50,000.

·       Please note that the firm will be incorporated only if the applicant receives an in-principal approval for Entrepreneur Pass application.

·       Further, the prospective applicant for Singapore Entrepreneur Pass must have a minimum of 30% of shares in the firm.

·       It is essential to have a local sponsor for the applicant. If this pre-requisite cannot be completed, the applicant must provide a Bank Guarantee of SGD 3000/-. The applicant can take the bank guarantee from any Singapore bank (normally the bank where he has deposited the funds will help him out) by giving collateral of equivalent amount. The applicant will present the Ministry letter that conform approval-in-principal of his Entrepreneur Pass application.

·       By any means, the company must NOT be registered for more than six months at the phase when application is being made.

·       Business(s) which are not considered for Entrepreneur pass are: business linked with coffee shops, food courts, hawkers, night clubs and bars, employment agencies, massage parlors and karaoke lounges, centers for foot reflexology, centers for herbal dispensing acupuncture, and businesses associated with Chinese medicine

Applicants intending to move to Singapore under the Entrepreneur Pass visa can shoot their updated resume at stallionimmigration.com and know their chances of moving to this incredible country.

Application Process of Entrepreneur Pass

Applying for an Entrepreneur Pass visa should commence with a positive application process, the success of which decides the bright chances of an applicant`s entry into Singapore. The application process of Singapore Entrepreneur Pass would be bedecked with subsequent steps performed by Singaporean immigration experts:  

·       After analyzing applicant`s resume and case study, his business interest areas would be highlighted, based on which our Singapore business plan research analysts would decide the chances of acceptance of proposed business plan.

·       The next step of the ladder leads to the collection of documents and information in accordance with the Entrepreneur Pass application form. 

      

·   Immigration specialists at would next prepare the business plan for your Entrepreneur Pass, in accordance with the guidelines and filing the application with the Ministry of Manpower in the later stages. It would be accompanied by the required application (SGD 40) fee.

·       The next phase would deal with the processing of the application by the Ministry of Manpower. For approved applications, Singapore approval-in-principal (AIP) is given by MOM within a span of 6 weeks. For those applications which demand additional information/documentation, the time may enhance 2 to 4 weeks further.

·       If the firm is not incorporated, we would register and incorporate the company on your behalf, courtesy collaboration with our Singapore company incorporation specialists. After a successful incorporation, the applicant would be given a copy of business profile, which along with the bank statement of SGD 50,000/- and the approval-in-principal letter would be submitted for further assessment by MOM and the "Standards, Productivity and Innovation Board" Singapore.

·       An in-principal approval is issued in another 2-6 weeks, which is valid for 6 months.

·       After successful response, the applicant must collect the Entrepreneur Pass from Singapore.

·       The application can be made on-line by paying an application fee of SGD 30/-.

·       Additionally, the applicant is entitled to undergo the process of finger printing and photo-imaging.

Singapore associates can collect the Entrepreneur Pass on behalf of our clients against the required consent.

Business plan for Entrepreneur Pass

In addition to a successfully filled application form and other pre-requisites, applicants are required to submit a professionally crafted business plan which is a mirror of their past entrepreneur records as well as their upcoming business establishments too. It should be attired with following aspects:  

·       Business Idea: A brief snippet explaining your proposed business concept.

·       Product/Service: Analysis of the product/ services offered by your proposed business in Singapore.

·       Market Analysis: Market research, industry knowledge in Singapore, competitors and their records, and further growth potential of the company would be thoroughly highlighted.

·       Marketing Plan: Distribution and marketing of the product/service

·       Operational Plan: The operational plan further caters to the additional requirement of the resources in future, along with taking care of the internal operations.

·       Management Team: A shred of key individuals who are involved in running the overall business along with their responsibilities.

·       Financial Projections: Estimated growth/sales and net profit before tax for three years, in addition to mentioning the projected break-even point.          

Please note that an Entrepreneur Pass business plan may differ from any document of same sort prepared while raising venture funding for the business. Its nature depends on the complexity of the business and its overall budget. Stallion business plan experts would judge the nature of your business, depending on which the document would be designed accordingly. Mail your updated resume at stallionimmigration.com for us to scrutinize your profile better.

Documents Required for Entrepreneur Pass

It is vital to accompany the application form along with an administrative fee of $40 per application. Entrepreneur Pass documentation specialists would certify that the application is endorsed by the company`s stamp and steal. Following are the essential documents required for a successful Entrepreneur Pass application:  

·       A 10-page detailed business plan.

·       A valid passport.

·       A recent passport size photograph.

·       Prospective name of the company, if not registered.

·       A copy of the resume/CV of the applicant.

·       Proof of educational qualification.

·       Copies of testimonials (if any).

·       Documents proving that you have a sponsor in Singapore.

For any visa-related assistance, Stallion immigration specialists are always there. Fill our free of charge Assessment Form and we shall revert back to you regarding your eligibility criteria.

In-Principle Approval (IPA)

As part of Entrepreneur Pass visa stamping process, an In-Principle Approval (IPA) letter would be issued by the Ministry of Manpower. (At this stage, it is mandatory to ensure that the company has been registered with Accounting and Corporate Regulatory Authority of Singapore). After registration, the applicant would get the final letter after showing a copy of registration along with financial documents showing paid-up capital, etc. The IPA letter holds six-month validity from the time of notification of approval.          

Some of the documents required to collect the Entrepreneur Pass are proof of In-Principle Approval (IPA), original passport of the applicant, passport size photo, the entry embarkation cards, and other documents stated in the approval letter.

Please note: If the applicant has been asked to go through medical test, it is essential for him to submit the medical exam report. Applicants can get it done in any established hospital in their home country or in Singapore.

Overseas applicants requiring an entry visa to enter the country would be benefited from the "Single Journey Entry Visa" attired with the IPA letter. Next step involves the applicant to go through the process of finger printing. After the completion of the procedure, the pass would be ready within 4 working days.

On applicant`s consent, Stallion`s Singapore associates would collect the pass on their behalf.
 

Categories of Entrepreneur Pass

There are three types of Entrepreneur Pass categories. They are:  

·       P1 Pass: P1 Pass is for prospective applicants already engaged in earning S$7,000 or more. It is mandatory that the amount is earned on a fixed monthly basis.

·       P2 Pass: this is meant for potential Entrepreneur Pass applicants earning monthly fixed income of S$3,500 and up to S$ 7,000. Additionally, they have to fulfill pre-requisites linked with recognized qualifications.

Please note that the P Pass is for professional managerial, executives and specialists jobs

·       Q1 Pass: It is intended for potential Entrepreneur Pass applicants who have a monthly fixed income of S$2,500 or more in addition to the recognized qualifications. As a substitute for recognized qualifications, other factors like work experience and skills can also be taken into reflection.

Entrepreneur Pass executives at stallion would see to it that your application process for Entrepreneur Pass and journey towards Singapore is nothing less than smooth! Kindly fill our  for us to scrutinize your eligibility criteria for Entrepreneur Pass.
 

Renewal of Entrepreneur Pass

The renewals of Entrepreneur Pass are subjected to the pre-requisites predetermined by Ministry of Manpower, where two facets play a critical role in deciding the fate of renewal. These are:  

·       Are the employment requirements of recruiting a minimum number of workers in one year span met?

·       Is the Total Business Spending compatible

with the criteria set by the authorities?

Here are the Eligibility Criteria:            

It is essential that the renewal form must be sent to the employer almost three months before the expiry of the pass and should be submitted with following documents:

·       Audited documents

·       Proofs/ documents of Tenancy agreements

·       Proof of educational qualification.

·       Statements of Central Provident Fund for the employees.

·       Company registration information Profile from ÄCRA

·       Bank statements showing financial capabilities for the past three months.

It is advised that all Entrepreneur Pass holders must renew their passes ASAP to avoid any hassles in future. For more details, mail your query at stallionimmigration.com

Validity

·       First time applicants normally enjoy the validity of up to 2 years. Depending on individual situations, the final visa duration validity is discretion of the Singapore Immigration office.

·       Renewal of Entrepreneur Pass: Applicants with renewed Entrepreneur Pass can enjoy the validity period, a facet which is dependant on their Business Spending as well as total number of recruitments given to the local Singaporeans.          

Permanent Residence in Singapore

The Professional, Technical Personnel and Skilled Worker scheme (PTS Scheme) allows an applicant to apply for a Permanent Residence status in Singapore. Entrepreneur Pass holders (under P1, P2 and Q status) have the freedom to apply for PR as main applicants. Additionally, their spouse and children (should be under 21 years of age and NOT married) can apply for a PR status in Singapore. Holders of Entrepreneur Pass are permitted to apply for a PR status within 6-12 months of holding a P1, P2 or Q status. Normally - post renewal of status - the applicant can apply for and receive PR status within one year getting the renewal.

Some of the facets which affect the decision of converting the status to a PR holder are establishment of business in Singapore

, time spent in the country, generation of employment in Singapore, tax contribution and input in Singaporean society, to name a few.

After receiving the approval for application, the applicant will have 30 days to finalize their PR status at ICA. At this stage, Singaporean documentation specialists would see that right documents are companied with the application form.
 

What are the benefits of PR status in Singapore?

Getting a PR status not only allows the applicant to enjoy rights of an altogether new country but adore benefits provided by its government too. Some of them are:

·       Singaporean Blue Card means no visa restrictions to travel to and from Singapore and work and live in Singapore without a need for any employment pass!

·       Spouse and children (under 21 age) can apply for PR status.

·       PR holders can switch over their employment without applying for work permit again every time.

·       Central Provident Fund (CPF) scheme provides special benefits to PR holders.

·       PR holders having school children have better chances of choosing the public school of their preference.

·       PR status opens the gates of applicants towards getting Singapore citizenship.

Apart from enjoying the advantages, PR holders have certain obligations towards the Singaporean government too. They have the entire onus to maintain their PR status without breaking the rules or getting involved in unlawful activities.
 

Citizenship in Singapore

A PR holder in Singapore is entitled to apply for Singaporean Citizenship, provided he fulfills the eligibility criteria mandatory for the same:     

     

·       The minimum age limit of the principal applicant must be 21 or more along with a PR status held for at least 2 to 6 months preceding the date on which application is filed.

·       The applicant can apply for Singapore citizenship if is a spouse of Singapore citizen. It is essential that the marriage should be for at least 2 years prior the date of filing the application.

·       Child who is born outside Singapore, but has parent having Singaporean citizenship.

Additionally, essentiality lies in having a good background as a PR, positive investments and contribution towards Singapore economy and an overall positive record of the applicant.

Apart from above criteria, a rightly filled application form and apt documents play a crucial role in making the application a "triumph". This, along with pertinently payment of fee and a successful interview process would only add more feathers in your cap. Singapore documentation experts, with plenty of expertise of handling such cases under their wrists, are well-acquainted of what all it takes in making this process a cinch for you.

With citizenship, comes it benefits too. Citizens of Singapore are entitled to get the following benefits as citizens:

·       Less likely to face travel restrictions for a majority of nations, including the US.

·       Singapore companies give preferences to PR holders and citizens as compared to aliens with unrecognized status.

·       The benefits of Central Provident Fund (CPF) are available to citizens and PR holders of Singapore.

·       They can get involved in buying/purchasing property and are permitted to get loans from the HDB at special interest.

·       They have the right to vote/ stand in elections and represent their authorization.

·       They (as citizens) are entitled for certain educational schemes like Edusave scheme.

·       Other concessions are provided in medical schemes, parenthood tax rebate, house loans, childcare leave etc.

Why Entrepreneur Pass Applications are refused?

Once applicants file their Entrepreneur Pass applications with it would be always ensured that they are in safe hands. However, we have received some cases which have faced rejection in their first attempts. Our Singapore immigration experts would file reconsideration pleas for rejected application on applicant`s consent. Here are some of the reasons why Entrepreneur Pass applications are refused:

·       Incomplete application form

·       Not decked with ample/sufficient documents/information

·       The Business Plan is not in accordance with your business

·       Lack of work experience or proficiency in entrepreneurial skills

·       Not able to show ample financial funds to set up business/company in Singapore

·       The firm is not registered with ACRA

With years of aptitude and expertise by your side, such instances can be least expected. Mail your updated resume at stallionimmigration.com and give a kick start to your Entrepreneur Pass application process after getting a positive approval for your profile. Or fill  for us to know more about your case study.


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