| Employment Pass | Entrepreneur Pass | |
| You can apply IF… | You possess acceptable degrees, professional qualifications or specialist skills. | You possess well track record of working experience or business ventures. |
| When can you apply? | Once your company is incorporated. |
Before your company is incorporated; OR Within 6 months from the date of incorporation of your company. |
| Minimum paid-up capital of your company | S$1.00 |
S$50,000 (A bank statement, from the Singapore-based company bank account, of at least S$50,000 is required for verification.) |
| Minimum requirement on remuneration |
Fixed monthly salary for: Class P1- at least S$7,000 Class P2- at least S$3,500 Class Q1- at least S$2,500 |
|
| Your shareholding in the company | 0 – 100% | At least 30% |
| Is a business plan required? | No. | Yes, a business plan (no more than 10 pages) is required upon application. |
| Minimum requirement on LOCAL employee | Not applicable. | Class P1 – 8 Class P2 – 4 Class Q1 – 2 |
| Minimum total business spending per year | Not applicable. |
Class P1 – S$300,000 |
| MOM* processing time for application | Between 1 day and 2 months. | At least 6 weeks. |
| Validity of pass | 1 – 2 years (renewable) | |
| Pass for family members | Dependant Pass or Long Term Visit Pass, depending on the relationship with the principal pass holder. | |
| Permanent residency | Eligible to apply for Singapore Permanent Residence after holding the pass for 6 months. | |
* MOM denotes Ministry of Manpower, Singapore.
For more details, please see Employment Pass and Entrepreneur Pass (EntrePass).