Sequencing Cross Border Corporate Registration and Founder Visa Application Pathways
Sequencing corporate registration before visa petitions secures legal employer status and avoids ownership refiling penalties during international expansion.
Entrepass
Meaning
Specialized work authorizations allow foreign entrepreneurs to establish and operate a technology-driven or venture-backed business in Singapore. An applicant for the entrepass must demonstrate that their company is backed by a recognized venture capital firm or holds proprietary intellectual property. This permit is designed specifically for innovators who may not yet meet the salary requirements of a standard employment pass.
It bridges the gap between starting a company and achieving commercial scale.
Eligibility Criterion
Innovation requirements focus on the value the new business brings to the local ecosystem. The entrepass is granted to those who have secured funding from government-accredited sources or hold patents registered with a national IP office. Research collaborations with local institutes of higher learning also count toward the qualification criteria.
The focus remains on high-growth industries like biotechnology or financial technology.
Renewal Condition
Continuing the permit depends on meeting specific milestones regarding business spending and local job creation. To renew the entrepass, the entrepreneur must show that the company has reached a certain level of total business spending. Hiring a required number of local professionals is another essential factor in the evaluation process.
These metrics ensure that the business contributes tangibly to the economy.
Family Right
Spouses and children can only be sponsored for visas once the business reaches a higher tier of spending and employment.