Ask Singapore Company Registration Services about benefits of Updated EntrePass Visa

The entrepreneur pass scheme was introduced in 2003 to promote Singapore company registration. Since then, it served well as the career-making option for the foreigners who lacked in diplomas and degrees and other paper qualifications. If you are contemplating a move to Singapore, now is the right time to get in touch with a reputable Singapore company registration services to start your own company.

Singapore Company Registration Services

Complete Your Delayed Singapore Company Formation

The scheme demanded from the entrepreneurs to produce paid-up capital of S$50,000. The condition was a great obstacle for those having no access to such an amount. After taking the feedback, the Singaporean authorities updated to the scheme. On 3 August 2017, they removed the condition. The move has given a shot in the arm to the foreign entrepreneurs having path-breaking business ideas & wishing to set up a company in Singapore.

Set Up a Company in Singapore & Realize Your Dreams

The purpose of EntrePass scheme was to attract fresh talent with the innovative ideas to the Singapore marketplace. There is no doubt that the scheme in its extended form is going to deliver on a large scale and we are going to see a marked increase in the number of Singapore company formations. The incorporation experts from your Singapore company registration services providers will advise you on the full implications of the changed criterion.

Singapore Company Registration Services for Advice

The scheme allows you to apply for the EntrePass even before registering your company. In fact, you can postpone it until after the approval of the pass. The latest enhancement to the scheme allows you to relocate and move your base to Singapore and take charge of the company’s affairs without losing time. Most importantly, you also get to bring the family members below the age of 21 to Singapore.

However, you qualify for the scheme only if you are a,

  • Business owner having a business network or an entrepreneur having the entrepreneurial track record.
  • Inventor & extraordinary achiever in key areas of expertise
  • Investor having a track record

Key Factors for EntrePass Approval

There are other factors that can bolster your application for the EntrePass. They are as follows:

  • Incorporated & sold a tech company
  • Raised funding for a current or past business venture
  • Association with a recognized incubator or accelerator
  • Extensive business network & contacts to assist your proposed business
  • Recognition for your entrepreneurial achievements from recognized bodies

You, as an investor, will also be considered for the EntrePass,

  • If you intend to invest in a local Singapore company formation and drive its growth
  • If you have considerable experience as a senior manager in a large corporation

There is one significant condition that your Singapore company registration services provider will be able to assist in. Now you need to get approval your proposal from one of the following agency.

  • Info-comm Media Development Authority
  • Spring Singapore
  • National Research Foundation

Approaching these agencies is a tricky business. However, you can deal with it by hiring one of the experienced Singapore company registration services. They will walk you carefully through the key requirements of the scheme. They will assist you in acquiring the EntrePass and to set up a company in Singapore without too much of hassle.

 

Contact us:

SBS Consulting Pte Ltd

Visit: https://www.sbsgroup.com.sg/

High Street Center,

#17–02, 1 North Bridge Road,

179094 — Singapore

Phone: +65–6536 0036

Email: info@sbsgroup.com.sg