Singapore is a well-known country worldwide for many reasons. The country is considered one of the most secure places to live in. This and the fact that it is an economic power and business hub has attracted many foreign entrepreneurs and investors in the country. The city-state has a lot of business started by foreigners doing well, which explains the large number of millionaires living in the city-state. Many foreigners that come to Singapore come for business-related reasons, employment, tourism, and to further their education. To be allowed in the city-state, one has to have several documents. Among the many documents that people have to be allowed in the country is the entrepass. Here is all you need to know about the entrepass.
Meaning of Entrepreneur Pass
This is a type of work visa that foreigners can acquire if they want to invest in Singapore by setting up a business. This type of visa was introduced by the Singaporean government to attract different talents and skills from other countries around the world. This is one of the many reasons and initiative that has helped the country grow to what it is today. It lasts for one year and can be renewed, and each renewal lasts for two years. There are some requirements you may have to reach to allow your family members to live with you. This includes spouses, children, and parents. Some changes have been made regarding the entrepass. It will be wise to check for changes since it will ensure that you are aware of the best ways to acquire an entrepass and what the country’s law says. Visit https://www.singapore-visa.net/ to learn more about how you can get an entrepreneur pass.
So, What Is Required?
There are several things you need to meet to qualify for an enterpass. Those who apply should be at least twenty-one years old. Applicants are required to have the intention of starting a business that will employ locals. Those that have already started a business in the state are eligible for the visa. The person applying for the pass should own at least 30% of the shares of the enterprise.
Documents Needed
There are documents that one is required to submit if he or she is applying for the pass. You are required to submit a business plan together with your passport. When applying, you may be required to provide your resume, which has information on your professional experiences. You are required to provide an entrepass application form that is completed, a passport photo of yourself, and a personal particulars page of your passport. A copy of your educational accomplishment is also needed. Testimonials and references of former and current colleagues may be required.
Conclusion
Singapore is one of the best countries to start and grow a company. You are most likely to profit from the company you start in Singapore, and an entrepass has its benefits. If you are thinking of investing in the Lion City, you should consider seeking a professional opinion.
