Difference Between S Pass & Entrepreneur Pass

There are distinct types passes you can acquire in Singapore if you want to live there and amongst those passes there are S Pass and Entrepreneurship Pass. These two passes are different and they have their own features and functions that you can avail.

Entre Pass

The Entrepreneur ship pass is for the ones who wish to invest in a business in Singapore. There are certain eligibility requirements for Entre Pass and all the applicants shall fulfill the requirements.

·         It shall be a private limited company that is registered with the corporate and accounting regulatory authority. Applicants need not to register the company initially. If it is registered, it shall not be above than six months before the date of the application.

·         

 The company should have a minimum of $50,000 paid up capital and also a bank statement from any Singapore based account of $50,000.

·         The business shall not be illegal.

·         Applicants shall hold a minimum 30% of the shares in the company.

Examples of businesses that are not considered for Entre Pass are:

·         Hawker centres, coffee shops, food courts

·         Night clubs, bars, karaoke lounges

·         Massage parlors

·         Acupuncture, herbal dispensing

·         Employment agencies

Important things that you should be aware of

All the successful applicants shall be needed to submit certain documents by iSubmit in the duration of six months of getting the Entre Pass to show the proof of their business operations in accordance to the business plans.

·         Newest ACRA business profile

·         Tenancy, documentary proof and operating address proof.

S Pass 

Spass is for the foreign workers who are willing to work in Singapore and that they can apply for this pass. Applicants are assessed on the points basis by taking into consideration a vast criteria. The applicants of Spass accumulate points depending on how far they have met the criteria. As typical guide, the eligibility requirements are as follows:

·         A minimum monthly salary of $2,200.

·         Applicants who are older shall command more salaries in order to qualify and also a better work experience.

·         The educational qualifications that are needed is a degree or a diploma and the technical certificates can be taken into consideration as well. These technical courses certify the applicant to be trained in a particular and for them to be considered they have to be a minimum one year study course.

·         Work experience is also another criteria that has to be matched.

Work Pass holders who intend to apply for the S Pass shall make sure first that they have met all the above requirements.  You can refer to the Strategic Skills list to check what sorts of jobs are in high demand in Singapore in the coming few years. 

http://immigration.sg/ is a website that tells you about Spass, Entre pass and all other types of work permits that are needed in Singapore.