For foreign entrepreneurs looking to set up a business in Singapore, understanding the various work visa options is crucial. Here’s a detailed overview of the key visas available.
- EntrePass
The EntrePass is specifically designed for foreign entrepreneurs who want to start and operate a business in Singapore. To qualify, applicants must meet specific criteria, including having a viable business plan and fulfilling investment requirements.
- Employment Pass (EP)
The Employment Pass is suitable for foreign professionals, managers, and executives. It requires a job offer from a Singapore company and is subject to minimum salary requirements. The EP allows holders to work and live in Singapore.
- S Pass
The S Pass is aimed at mid-skilled foreign workers. Applicants must meet specific qualifications and salary thresholds. This visa allows companies to hire foreign talent to fill skill gaps in their workforce.
- Dependant Pass
The Dependant Pass allows family members of Employment Pass or S Pass holders to live in Singapore. This visa is essential for entrepreneurs looking to bring their families along while establishing their businesses.
- Long-Term Visit Pass
This pass allows common-law spouses, children, and handicapped children of Employment Pass holders to stay in Singapore. It’s an important consideration for entrepreneurs who wish to keep their families together during their business journey.
Navigating the work visa landscape is crucial for foreign entrepreneurs in Singapore. By understanding the various visa options available, you can ensure compliance and facilitate a smoother transition into the Singaporean business environment.
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