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Employment Pass vs EntrePass Comparison

Employment-Pass-vs-EntrePass-Comparison

The Employment Pass vs EntrePass Comparison highlights the differing factors between the two most popular form of work visas in Singapore. At the same time, it also throws light on certain similarities that exist in these two Singapore work visas.

The most notable passes or work visas in Singapore that foreign nationals apply for are Employment Pass (E Pass) and Entrepreneur Pass (EntrePass). There is often a dilemma in the minds of people as to which pass to apply for in order to work and stay in Singapore. Therefore, with the help of this write-up we will throw more light on the similarities and differences vis a vis E Pass and EntrePass, thereby enabling you to choose the more beneficial and applicable one for your specific requirements.

Similarities in E Pass and EntrePass

  • Both the E Pass and the EntrePass are meant for foreign nationals willing to relocate to Singapore to work and stay.
  • Both the passes are subject to processing and approval by the Singapore government authorities.
  • Both passes are valid for upto 1-2 years initially and are subject to renewal depending upon the parameters of each scheme.
  • Upon approval, the holders of either passes are liable to the Singapore Income Tax System.
  • The holders of either passes are eligible to relocate their immediate family – spouse and children (below 21 years).

Differing factors between Employment Pass and Entrepreneur Pass

Notwithstanding the similarities in these two schemes, there are quite a few distinctive factors between E Pass and EntrePass.

Application Approval Governing Authorities:

In case of Employment Pass, only Ministry of Manpower (MOM) Singapore approves the applications. Whereas, in case of Entrepreneur Pass applications, apart from MOM, Spring Singapore also looks after the approval.

Shareholding Pattern:

In order to apply for E Pass, the applicant need not have any shares of the company he/she has set up. While, the applicants of EntrePass must have 30% shares of the company they are willing to set up or have already incorporated.

Company Incorporation:

An applicant can apply for Employment Pass, only if the company has been incorporated. In case of EntrePass, the company can be incorporated within 6 months from the application approval date.

Application Processing Timeline:

The processing time for E Pass application takes 7 days in most cases or a maximum of 5 weeks in some cases, whereas it takes about 6-8 weeks for an EntrePass application to be processed.

Business Plan Submission:

An E Pass applicant need not submit his/her business plan, while it is mandatory for an EntrePass applicant to furnish a maximum of 10 page business plan.

Paid-Up Capital:

For the application of E Pass, there is no cap on the minimum paid-up capital, but the minimum paid-up for the application of EntrePass is S$50,000.

Hiring of Local Employees:

The hiring of local employees has no bearing on the approval and renewal of E Pass, whereas the deciding factor in the renewal process of an EntrePass is the number of local employees hired.

Educational Qualification:

At the time of submitting an E Pass application, one must furnish the copies of educational certificates. On the other hand, it is not mandatory to submit educational certificates during the time of application of an EntrePass. Infact, even an entrepreneur without any sound educational background but with substantial business success in the past can apply for an EntrePass.

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Immigration Visa SchemesSingapore Work VisaEmployment PassEntrepreneur Pass (EntrePass)Employment Pass vs EntrePass ComparisonPersonalised Employment Pass (PEP) SchemeS PassPermanent ResidenceDependant Pass Scheme for Family MembersSingapore Work Pass Cancellation GuideSingapore Immigration Policy Updates

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Immigration Visa SchemesSingapore Work VisaEmployment PassEntrepreneur Pass (EntrePass)Employment Pass vs EntrePass ComparisonPersonalised Employment Pass (PEP) SchemeS PassPermanent ResidenceDependant Pass Scheme for Family MembersSingapore Work Pass Cancellation GuideSingapore Immigration Policy Updates

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