Singapore
Entrepass
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
|
|
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
· 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.
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.
For further information please visit our website or Visit our facebook page.
