3 minutes Why Indian Entrepreneurs Should Explore Singapore’s EntrePass to Scale Globally
For Indian entrepreneurs with bold ambitions, expanding into a global market is a natural next step. Singapore, known for its pro-business ecosystem, strategic location, and innovation-driven policies, offers an excellent launchpad through its EntrePass visa scheme. Designed for foreign startup founders, the EntrePass allows entrepreneurs to establish and run a business in Singapore legally, with access to a world-class startup environment.
What is the EntrePass?
The EntrePass is a type of work visa issued by Singapore’s Ministry of Manpower (MOM) for foreign entrepreneurs who wish to build innovative, venture-driven businesses in the country. It is particularly ideal for startup founders with scalable business ideas and strong potential for economic contribution.
Who Can Apply?
Indian entrepreneurs who want to apply for the EntrePass must meet specific eligibility criteria related to ownership, business type, and innovation potential:
General Requirements:
- You must be a foreign national intending to start and operate a Private Limited Company in Singapore.
- The business should either be newly registered or less than 6 months old at the time of application.
- The founder must possess a minimum stake of 30% in the Singapore-registered company.
Innovation and Business Criteria:
Applicants must also satisfy at least one of the following:
- Secure funding from a recognized venture capital firm or angel investor.
- Be part of a certified business incubator or accelerator.
- Own or have licensed intellectual property related to the business.
- Collaborate with national research institutions or government bodies.
- Demonstrate a solid record as a successful entrepreneur or innovator.
Which Businesses Qualify?
The EntrePass is designed for visionary entrepreneurs setting up businesses in cutting-edge and innovation-driven industries such as:
- Information and Communication Technology (ICT)
- Fintech and Digital Solutions
- Healthcare and Biotechnology
- Clean and Sustainable Energy
- Education and Training
- Advanced Engineering and Manufacturing
- Lifestyle Products and Services with unique value propositions
Traditional business models such as cafes, restaurants, and retail outlets typically do not qualify unless they show a distinct innovation component.
Evaluation & Authorities Involved
While the EntrePass is processed by the Ministry of Manpower, your business proposal will be reviewed by relevant sector-focused agencies such as:
- Enterprise Singapore – for startups with commercial innovation
- The Infocomm Media Development Authority – handles evaluation for businesses operating in the tech and digital communication space
- Health Promotion Board – the authority that evaluates health-centric and medical business models
These agencies assess your business’s innovation value, scalability, and long-term economic contribution.
5 Key Benefits for Indian Entrepreneurs
- No Local Partner Needed – Run your Singapore company with 100% foreign ownership.
- Attractive Tax Policies – Corporate tax as low as 17% and exemptions for new startups.
- Access to ASEAN Market – Singapore’s trade agreements give your business regional reach.
- Global Investor Network – The country is home to many VCs and angel investors.
- Supportive Startup Ecosystem – Benefit from grants, mentoring programs, and co-working hubs.
Step-by-Step Application Process
- Prepare a business proposal detailing your product/service, market strategy, and financial plans.
- Submit your application via the MOM portal and provide all required supporting documents.
- Your application will be assessed by MOM and relevant agencies based on your industry.
- Upon approval, incorporate your company and begin operations in Singapore.
How Premia TNC Can Help
Singapore’s EntrePass is more than just a visa—it’s a strategic tool for Indian entrepreneurs ready to tap into international markets. With its innovation-focused economy, investor networks, and streamlined business processes, Singapore provides the perfect environment for startups to flourish.
At Premia TNC, we understand the challenges Indian founders face when going global. That’s why we offer end-to-end assistance for EntrePass applications, company incorporation, and ongoing compliance in Singapore. Our experts ensure that your expansion journey is seamless, compliant, and set up for success.
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