Singapore: A growing number of Indians are working in Singapore, and the country offers a special type of work visa—commonly known as the Startup Visa or EntrePass—to attract foreign entrepreneurs who wish to start or operate a business there. The initiative aims to bring innovative ventures and well-funded companies to Singapore, supporting the country’s goal of becoming a hub for startups and technology-driven enterprises.
Who Can Apply?
The Startup Visa is designed for foreign workers and entrepreneurs who plan to establish a business in Singapore. Eligible applicants include:
- Startups supported by recognized venture capital firms.
- Companies introducing innovative solutions to the market.
- Entrepreneurs backed by government-approved incubators or accelerators.
Visa Validity and Renewal
The EntrePass is issued for a fixed period, typically one to two years. It can be renewed if the business complies with conditions set by Singapore’s Ministry of Manpower (MOM). Renewal depends on factors such as the company’s operational activity, expenditure, and job creation for local residents. Applicants seeking renewal must provide documentation proving that their business is active and meeting MOM’s requirements.
Application Process
Applications for the EntrePass must be submitted online via MOM’s Work Pass Portal. Required documents include:
- Proof of venture funding
- Detailed business plan
- Support letters from recognized incubators or accelerators
After submission, applicants can track the status of their application digitally. The approval process usually takes a few weeks, after which the visa is granted if all criteria are met.
Purpose of the Visa
The Startup Visa provides a pathway for foreign entrepreneurs to operate legally in Singapore, boosting the nation’s economy by encouraging innovative business models and promoting employment opportunities for locals.
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