Singapore Company Registration + Entrepreneur Pass

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Company Registration with EntrePass Application Service

The EntrePass, also known as Entrepreneur Pass, is a type of employment pass for foreign entrepreneurs who would like to start and run a company in Singapore.

An EntrePass is primarily meant for entrepreneurs who do not have a degree or diploma; or specialist skills in the relevant field, but have proven track record of successful business ventures or unique business ideas with potential economic development.

Company Incorporation only upon Approval of EntrePass

You can apply for Entrepreneur Pass Visa to Singapore’s Ministry of Manpower (MOM) before incorporating a Singapore company. Once the pass is approved, you will be  given 30 days to incorporate the proposed company and inject the proposed paid-up capital into your corporate bank account. Thus, you are not required to incur incorporation expenses until the positive outcome of your Entrepreneur Pass.

Rikvin Unique Money back guarantee for EntrePass application

Rikvin has unveiled a money back guarantee in the unlikely event of an unsuccessful application. Rikvin guarantees a partial refund of the fees paid by clients if their application is rejected by MOM. It undertakes to refund the fees after deducting S$1000 for the drafting of Business Plan. The service encompasses all aspects of meeting the rigorous requirements set forth on Sept 2008. We provide comprehensive in-house solutions, from the drafting of the business plan to its submission. The services we provide can help you simplify this lengthy and complex process, and consequently, help maximize your chance of getting an EntrePass.

Singapore Company Formation Requirements

  • Minimum 1 Shareholder + 1 Resident Director + 1 Company Secretary
  • A local registered office address;
  • Must register a Private Limited Company with minimum paid-up capital of S$50,000;
  • Own anywhere between 30% to 100% of the shareholding in the company.

EntrePass Visa Eligibility Requirement

The key requirement for the application of an EntrePass is a comprehensive 10-page  business plan that outlines the goals and objectives of the proposed business venture plan, including a strategy to meet the requirements stipulated by the Ministry of Manpower (MOM).

The business venture must demonstrate, within a one-year period, that it will meet the requirement of employing a minimum number of local employees and achieving a specified Total Business Spend.

* Upon approval of EntrePass application, you will need to “furnish a Banker’s Guarantee of SGD $3000 to MOM”. Rikvin will sponsor your application when you engage our service.

Entrepreneur Pass conditions and requirements are as follows:

  • The Company must not be registered for more than six months at the point of application
  • Own 30%-100% of shareholding in the company
  • Have relevant experience and track record in creating and managing a business successfully
  • Provide S$50,000 or more in paid-up capital for the new company
  • Submit a 10-page business plan detailing business goals and objectives. Renewal of EntrePass is contingent on achieving goals and objectives outlined in the business plan

* Upon approval of EntrePass application, you will need to “furnish a Banker’s Guarantee of SGD $3000 to MOM”. Rikvin will sponsor your application when you engage our service.

With effect from 1 September 2013

Entrepreneurs must also demonstrate at least one of the following:

  • Funded by a recognised third-party venture capitalist or business angel;
  • Holds a nationally-recognised proprietary or licensed Intellectual Property (IP);
  • Has research collaboration with a recognised by research institutions such as A*STAR or a local tertiary institution;
  • Is an incubatee at a government-approved incubator; or
  • Receives support from a Singapore Government agency.
Upon  approval, applicants must submit the following within 6 months of receiving the EntrePass:
  • Tenancy contract;
  • Employees’ CPF statements; and
  • Statement of company’s shareholding structure and date of incorporation.
More information can be found here.

Things to Note

If you wish to incorporate a company and apply for an EntrePass, you must do the following:

  1. You can write your own business plan or engage Rikvin to assist you.
  2. Submit the business plan.
  3. Upon receiving the approval of the of the EntrePass application from the Ministry of Manpower, proceed to incorporate the Singapore Company

Note: The drafting of the business plan and the submission of application can be processed regardless of your presence in Singapore.

Related Link:

FAQs on Entrepass | Entrepass Requirements | Singapore Entrepreneur Pass Guide

Package Includes

Step One – Apply for EntrePass

Entrepass Filing with Business Plan Drafting


  • Drafting of Business Plan.
  • EntrePass Application Filing.
  • Development, compilation and submission of required documents.
  • Status tracking with Ministry of Manpower.
  • Follow-up with authorities for all required clarifications.

Rikvin EntrePass Commitment: In the event your EntrePass application is rejected by the Manpower Ministry for whatever reason, we will only charge S$1,000.00 for the drafting of the business plan. The remaining balance of S$1500.00 will be refunded back to you.

Step Two – Upon Approval

Registration of Singapore Company


Our service for incorporation of a private limited Singapore Company includes:

  • Name check and reservation
  • Preparation of memorandum & articles of the company
  • Preparation of registration forms
  • Professional & Government Filing Fees
  • E-Certificate of incorporation
  • Preparation of compliance corporate kit, including corporate seal, share certificates, register and minutes book
  • Minutes of first board meeting
  • Resolution to open a bank account

Corporate Secretarial


Singapore Companies Act requires all Singapore Companies to appoint a Company Secretary to handle on-going Statutory Compliance Matters.

We will act as your company secretary and this service includes:

  • ACRA Compliance Alert & Reminders
  • Named Company Secretary registered with ACRA for 12 months
  • Maintaining the statutory books, preparation of all relevant minutes for Directors’ and Shareholders’ meetings.
Optional Services

Registered Office Address


The companies Act requires all Singapore incorporated entity to have a Singapore-based registered address.

  • All Singapore Companies require a local registered address for official communication.
  • Rikvin can provide a prestigious address if you don’t have one.
  • If this option is terminated prematurely, any unused amount is refunded on a pro-rated basis.

Dependant Pass Application


Employment Pass or EntrePass work pass holders are eligible to apply for Dependent Pass visa for their Spouse and unmarried children below 21 years age.

  • Dependant Pass (DP) Application Processing
  • On line filing for faster results
  • Status tracking with Ministry of Manpower
  • Follow Up Liaising with authorities in case of any clarifications required
Process

STEP 1 – SUBMIT INCORPORATION ORDER FORM.

Please provide us your email address and we will email you the necessary incorporation forms.

STEP 2 – DRAFTING THE BUSINESS PLAN FOR ENTREPASS APPLICATION

Upon receiving the payment for our services, we will

  • Draft a 10-page comprehensive business plan based on the information provided by you including incorporating the requirements stipulated by the Ministry of Manpower (MOM).
  • Send the business plan for your review and approval.
  • Upon your approval of the business plan, we will submit the application to MOM.

STEP 3 – APPLY FOR ENTREPRENEUR PASS

We will submit the necessary documents to MOM for the Entrepass application filing. MOM takes approximately 60 working days to process the application and issue the Approval-In-Principle (AIP) letter.

Upon receiving the Approval-In-Principle notification, we will initiate the incorporation of the company.

STEP 4 – INCORPORATE SINGAPORE COMPANY AFTER ENTREPASS IN PRINCIPLE APPROVAL

Upon the signing of the incorporation documents, we will

  • Incorporate the Singapore Company and arrange to open the company bank account with your preferred bank to deposit the paid-up Capital (as stipulated in the business plan).
  • Upon sighting the deposit slip, we will proceed to file the increase of the paid-up capital in ACRA.

STEP 5 – ISSUANCE OF ENTREPASS

Upon incorporation of AIP requirements, the authorities will issue the In-Principle-Approval notification for the pass issuance and collection.

Documents Required

ENTREPASS APPLICATION

  • EntrePass application form 8
  • A well-drafted 10-page business plan (download form)
  • A copy of educational certificate
  • One passport-size photograph taken within the past thee months
  • A copy of the passport personal particulars page
  • MOUs or contracts with potential clients for the new business, if any
  • Brochures, press releases, or any other business collaterals from previous or existing business ventures

Your EntrePass business visa application must be sponsored by a Singapore-registered company (we will sponsor your application when you engage our service)

DOCUMENTS REQUIRED FOR COMPANY REGISTRATION

For the purpose of company registration in Singapore, the following details and documents are required:

  1. Company Name
  2. Brief Description of Business Activities
  3. Shareholders Particulars*
  4. Directors Particulars*
  5. Registered Address

* For non-residents: Copy of passport, overseas residential address proof, and Know-Your-Client (KYC) information such as a bank reference letter.

* For Singapore residents: Copy of Singapore identity card.

* If the shareholder is a corporate entity: Copy of registration documents such as Certificate of Incorporation and Memorandum & Articles of Association.

DEPENDANTS PASS ( DP )

If you intend to apply for passes for your dependant(s), we will require the following documents:

  • Copy of Passport
  • Copy of Marriage Certificate (Spouse)
  • Copy of Birth Certificate (Child)
  • Copy of highest education certificate (for spouse and/or child)
  • If child is legally adopted, copy of the child’s official adoption documents
  • Copy of custodial letter of the child (If the child is step-child)

Incorporation Services

Singapore Company Registration Specialists

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