Singapore Self-Employment Scheme

Introduction and Advantages

The Singapore EntrePass scheme allows foreign entrepreneurs to register a company in Singapore and apply for an EntrePass (or an Employment Pass – EP) from the Ministry of Manpower as a shareholder, director, or senior manager of the company. After operating the business to a certain scale and holding the pass for at least two years, the applicant and their immediate family members may submit an application for permanent residency to the Immigration & Checkpoints Authority of Singapore (ICA), thereby transitioning from an EP/EntrePass holder to a Singapore Permanent Resident (PR).

Optimal Tax Planning

○ Effective planning under the Common Reporting Standard (CRS)

○ Singapore companies can open multi - currency accounts

○ No foreign exchange controls, facilitating international trade
Gateway to Global Banking

○ Access to a well - established financial system

○ Exposure to global markets with no capital controls
Global Asset Allocation

○ Manage and grow wealth in an internationally connected financial hub
Family Immigration

○ The applicant’s spouse and unmarried children under 21 may apply for permanent residency together with the principal applicant
Overseas Status & Education Planning

○ A bridge between East and West

○ Access to world - class bilingual education in Singapore

Target Audience & Requirements

Singapore Entrepass Application is suitable for three groups of people:
① those who want to obtain PR through investment of a small amount in business;
② those who want to land in Singapore quickly and with a low cost;
③ those who do not need to apply for PR temporarily, but need a legal visa to land and travel freely to and from Singapore.

Requirements for the Employment Pass (EP) Application

①The applicant must have a diploma or university degree or have at least 10 years of business management experience.

②The applicants must provide an education certificate.

③Set up a company in Singapore as a shareholder or manager of senior management.

④Salary must be S$5,600/month (S$6,200/month for applicants in the financial sactor).

⑤From January 2027 onwards, the EP salary will be adjusted to S$6,600/month and S$6,600/month for applicants in the finance industry.
EntrePass Application Requirements

No educational requirements, but working experience is required, or an innovative industry project, for example:

①Recognized venture capital or angel project.

②Nationally recognized intellectual property (IP).

③Scientific collaboration with a recognized research institution.

④Government-approved incubated research projects.

Immediate Family

Permanent Residency Application

Employment Pass (EP)

※ The applicant's spouse and children, who is under the age of 21, can apply for a Dependent’s Pass (DP) while the applicant is holding an EP.

※ The applicant's spouse and children, who is under 21 years of age, may submit a PR application together as dependent applicants when applying for PR while the applicant is holding an EP.

※ Parents and children, who is over the age of 21, cannot apply for PR together, but can apply for a Long Term Visit Pass (LTVP) valid for 5 years.

EntrePass

※ EntrePass holders are not allowed to bring dependent members in the first year.

※ Company spending at least S$100,000 in the first year, and employing 3 local employees or 1 expert, can apply for Dependent’s Pass (DP) for spouse and children, who is under 21 years of age, in the second year.

※ Company spending at least S$200,000 in the first year and employs 6 local employees or 2 experts can apply for a Long Term Visit Pass (LTVP) for parents in the second year.

※ Spouse and children, who is under 21 years of age, can apply for PR together as the dependents of applicant when applying for PR under the EntrePass.

※ Parents are not allowed to apply PR with children， who is 21 years old and above，but can apply for Long Term Visit Pass valid for 5 years.

Goldden Group services include

Personal Banking Services

○ Personal bank account appointment
○ Assistance in preparing and organizing bank account opening documents
○ Opening of personal multi-currency bank accounts
Corporate Services

○ Singapore company registration and incorporation
○ Preparation of complete company registration documents
○ Preparation of complete corporate bank account opening documents
Employment Pass Application

○ Customized immigration solutions and document checklist
○ Submission of Employment Pass (EP) applications and follow-up document submission
○ EP renewal application before expiry (each renewal is valid for three years)
Permit Application for Family Members

○ Assistance in applying for Dependent’s Pass (DP) for children and spouse
○ Assistance in applying for Long-Term Visit Pass (LTVP) for parents
○ Renewal of Dependent’s Pass (DP)
Immigration-Related Follow-Up Services

○ Filing of personal income tax returns during the project period
○ Assistance in school planning and application for clients’ children
○ Assistance in leasing corporate office space
PR Application Services

○ Customized PR application planning and guidance
○ Review of complete PR application documents
○ Submission of PR applications for the whole family
○ Supplementary document submission and appeal services

Key Success Factors for

Obtaining Singapore Permanent Residency

※ A Singapore-registered company that is continuously operating and creating local job opportunities.

※ Consistent profitability and healthy financial statements of the company.

※ A bachelor's degree or higher, combined with extensive experience in business management.

※ Close collaboration with Goldden Group's immigration consultants to develop a customized immigration plan based on individual circumstances, along with timely submission of all required documents.

About Us

Goldden Group (Singapore) established in Singapore, is a full-service, one-stop family management company focused on providing high-net-worth clients or families with a full range of family management services.