Many businesses from across the world flock to Singapore to establish their presence. This country is one of the most preferred destinations for aspiring entrepreneurs for various reasons. In order to make it easier for foreign investors and entrepreneurs, the country issues the Entrepreneur Pass Singapore. Also known as the EntrePass, this provides access to aspiring businessmen and helps them with Singapore business incorporation.
Entrepreneur Pass Singapore is being issued since the year 2004 attracting a lot of global entrepreneurs. Foreign nationals who are eligible for the Entrepreneur Pass Singapore can be divided into two different categories –
1. A global entrepreneur aspiring for Singapore business incorporation and personally run the business
2. A foreign national who is already a Singapore registered company’s shareholder or partner and wants to continue being involved in its operations
Entrepreneur Pass Singapore opens up many opportunities and allows for Singapore business incorporation for innovative and enterprising entrepreneurs from across the globe. To start a business in Singapore, it is important to have a good business plan.
Before Singapore business incorporation, you must apply for Entrepreneur Pass Singapore. You must also get a ten page business plan ready to be submitted along with the application. It takes at least two weeks for the application to be processed. If accepted, you will receive a two year EntrePass.
After you get the Entrepreneur Pass Singapore, you are eligible to bring your family to this country. Every two years, you must renew the pass till your business is viable. In due course of time, you will become eligible for a permanent residence in the country.
The most important aspect that will determine your eligibility for Entrepreneur Pass Singapore is your business plan. Singapore business incorporation will become easier if you prepare a ten page long, effective plan.
The plan must be well thought out and must be effective enough to help you get your Entrepreneur Pass Singapore. A good plan also helps with Singapore business incorporation and will set your goals higher. The plan will help you work towards achieving the specified figures with great optimism.
A range of initiatives and incentives are offered by the Singapore government to offset the global economic downturn effects to help foreign investors with Singapore business incorporation. Take advantage of the situation and apply for your Entrepreneur Pass Singapore right now. Live and work in the world’s most attractive English speaking country that warmly welcomes aspiring businessmen.
By cegoh from Pixabay