Difference between Singapore EntrePass and Employment Pass

1. necessities fulfill the Q Pass package criteria. The P2 Pass is for those who earn a fixed monthly salary of more than S$3,500 to recognized qualifications. The P1 Pass is for those earning a fixed monthly salary of more than S$7,000. The more experienced or skilled the individual, the more consideration he or she will be given. Difference between Difference between Singapore Singapore EntrePass EntrePass Employment Pass Employment Pass $7,000 with and and S Singapore ingapore heartily welcomes foreign entrepreneurs, managing directors and shareholders of Singaporean companies who wish to work or who are seeking to set up a business in Singapore. For that purpose the Ministry of Manpower has allotted two passes; the Employment Pass and the EntrePass. Each has their own requirements to fulfill and involve different procedures. The EntrePass on the other hand is designed towards entrepreneur who already has a business, and who wants to move said business over to Singapore or to create a branch there. EntrePass is meant organization rather than a single individual. The main requirement for an EntrePass is a solid Business incorporation Plan incorporation Plan contain the objective or nature of the business, products or services to be offered; marketing development plans and milestones, projected sales turnover, intended amount of investment and its staffing plan. Although citizenship, the amount of capital investment, local job creation, your past work experience and so forth can affect the outcome, in general, the better the Business Plan, the more likely the EntrePass will be approved. professionals, the foreign Therefore, the the for Business must which strategies, your current First off, the Employment Pass is directed towards the individual the foreign entrepreneur, and meant for managing director or shareholder in a Singaporean company. The most basic requirements include a fixed salary of more than S$2,500 each month and a diploma / degree education preferably from a recognized institutions or lots of useful working experience and specialist skills. These essential

2. towards the individual. As long as you fulfill the requirements and have all the right documents, approval should be a done deal. The EntrePass is a bit more subjective as evaluators have to take into consideration all the factors that make a good business based entirely on a solid Business Plan. Approval for an EntrePass is therefore less certain. In short the Employment Pass is like a multiple-choice test where all the answers are given while the EntrePass is like an essay exam where you will have to answer the questions in your own words. Employment Pass or Entrepreneur Visa (EntrePass) in Singapore. While both the Employment Pass and EntrePass allow Singapore for up to two years, each have different processing times and benefits. The Employment Pass work visa can take up to 1 day to 8 weeks to process and 2 to 15 working days to approve. The EntrePass can take up to 25 days to process while approval is entirely dependent on how good your Business Plan is. If the Employment Pass application has all the right documents at the ready, processing and approval should be relatively fast. Likewise, the more complete and solid the Business Plan, the faster and easier it is to approve the EntrePass. valid work in Having a business website for your Singapore company Singapore company helps in promoting it online and It also gives them an opportunity to expound their values and educate their customers about their services and products. It will be of great help in connecting your young customers. However, many of them fail in maintaining initial impetus and in retaining their initial customers. The need to acquire a new customer for each sale raises their cost of customer acquisition. Singapore Singapore Registration Registration and Related Corporate Services Services comes Under-One-Roof. They provide a fast online service fo company incorporation in Singapore company incorporation in Singapore, , private limited company formation, business registration corporate secretarial Singapore. incorporation incorporation Company Company Corporate service for r and services full in Overall, the Employment Pass is a fairly straightforward affair directed