If you are a foreign entrepreneur who wants to set up a business in Singapore then you must apply for an Entrepreneur Pass (EntrePass) from the Ministry of Manpower (MOM). Along with the application, some documents must be submitted.
The required documents for company registration depends on the type of company and professional services provided. Different types of documents for investors, innovators and entrepreneurs are shared below.
Documents Required for EntrePass
The following documents are required to submit along with the Entrepass application:
- Personal particulars page of your passport.
- Past employment testimonials in English, if available. Along with the resume elaborate the experience, awards and recognitions.
- Company’s latest business profile or instant information from Bizfile. This is applicable for those businesses who are registered with ACRA.
- Maximum 10 Pages Business Plan in English which consists of
- Product and service offered
- Market analysis
- Operation plan
- Profile of management team
- Supporting documents such as licensing agreements, product certificates and endorsement patents.
- If required other documents to submit along with your EntrePass application, then the authority will ask for it.
Note: If you are an entrepreneur, innovator, or investor, then you have to submit the additional documents with your application.
Additional Documents for Entrepreneurs
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If you
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You need to
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Have funding from a government-recognised venture capitalist (VC) or business angel.
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• Submit documents (e.g. investment agreement, shareholder certificate) to show you have raised at least $100k in funding.
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Are an incubatee at a government-recognised incubator or accelerator.
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• Show that your company is an incubatee at a government-recognised incubator or accelerator, or is involved in the Accreditation@SGD programme.
• Explain how your incubatee or acceleratee's work is related to your business.
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Business Network and Entrepreneurial Track Record
In case you have a business network and entrepreneurial track record, and you fulfill any of the following then submit the required documents as per the condition.
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If you
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You need to
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Have founded and sold a tech company.
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• Show that you were a key decision-maker of the company.
• Provide profile and acquisition papers of your tech company.
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Have raised significant funding from investors for a current or past venture.
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• Evidence of funding from third party investors such as venture capitalists (VC)s or angel investors (e.g. investment agreement, shareholder certificate).
• Details of current or past ventures.
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Have been or are being incubated by an internationally renowned incubator or accelerator.
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• Show evidence that you are an incubatee at the organization or programme.
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Have strong industry networks and business contacts that are related to your proposed business.
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• Demonstrate the strength of your networks (e.g. testimonials or letters of intent from key industry or business contacts, and their contact details).
• Show how these networks can contribute to your business growth. For example, explain if the contact is a potential customer or investor, or the specific support they would offer to help you reach out internationally.
• Include the estimated potential monetary value of these contacts, explaining how this value is derived.
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Have received recognition by a national body, recognised media publication or credible industry organization for your professional, business or entrepreneurial achievements and track record.
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• Demonstrate your achievements and track record (e.g. certificates, media publication, testimonials and CV).
• Explain how your achievements or track record would contribute to your business growth.
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Additional Documents for Innovator
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If you
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You need to
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Hold an intellectual property (IP).
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Provide IP registration with an approved National IP Institution
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Have a research collaboration with an IHL or research institute in Singapore.
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• Provide overview of research collaboration and demonstrate how it is related to the proposed business.
• Provide contact details of the person in IHL or research institute you are collaborating with.
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Have extraordinary achievements in key areas of expertise.
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• Show that you have the necessary expertise (e.g. certificates, articles or testimonials).
• Demonstrate your ability to contribute to the business growth.
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Additional Documents for Investor
If you are want to invest in a local company, you will need to provide:
- Documentation of your current investments.
- Information on your sector of interest.
- Pipeline of local companies that are being considered for investment.
- Documentation to demonstrate your level of engagement with these companies such as correspondences, investment agreements, signed letters of interest or intent.
So, you must also fulfill any of the following:
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You have a track record in
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You need to show
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Investing in and driving the growth of highly-scalable businesses.
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• You have a proven investments track record (e.g. investments agreements, signed letter of interest/intent to local companies and shareholder certificate).
• Your ability to nurture the investee companies.
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Substantial experience as a senior management professional or executive in a large corporation.
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• Submit necessary expertise documents such as testimonials, resumes or CVs.
• Profile of the companies you have worked in.
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Note: For the non-English documents, applicants have to submit original documents and their English translation.
Conclusion
We at Registrationwala, simplify the collection of your supporting documents. After learning about your Singapore company needs, our team will tell you which documents would be required, including those necessary for the KYC due diligence required by Singapore regulations.
People also read: How to Find an Investor for Your Business in Singapore?
