Asiabizservices Provides Singapore Entrepass Application Services 

by Daniel Fox Sunday, April 24, 2011
As an equal opportunity provider, Singapore opens her entrepreneurial landscape even to those who have not yet completed their tertiary level of education. Foreign individuals with excellent entrepreneurial skills can apply for an Entrepreneur pass, a work visa exclusive for entrepreneurs.

In applying for this labor pass, the Ministry of Manpower shall assess the applicant’s eligibility requirements, which include the amount of investment capital, 10 pages of business proposal, and entrepreneurial capabilities.

“S$50,000 is the minimum requirement for an investment capital in Singapore for an Entre pass company setup,” remarks Asiabiz’s male business consultant, “there shall also be a requirement of Total Business Spending on the first year of doing business.”

Depending on the type of Entrepreneur pass sought, the TBS amount varies.

Asiabiz is a business specialist specializing in company registration, immigration, finances such as accounting, and IT services like web hosting.

In drafting the business proposal, the applicant does well by keeping it entrepreneurial in nature. The business goals are defined, the product or service specified, and the marketing strategies are outlined as the revenues are crucial in meeting the TBS requirement, wherein, the business shall employ a certain number of locals for employees.

“There are 3 steps in applying for this work visa, and the first is to secure an authorization code from the Ministry of Manpower,” cites Asiabiz, “Once we have the code, we can now submit the application online.”

It will take 4 to 6 weeks for the Ministry of Manpower to issue an approval. Nevertheless, once the application is approved, the Minister shall send a notification via an e-mail to the applicant. The Ministry shall also attach an In-Principle Approval [IPA].

“The IPA shall be printed as it serves two purposes. First, it provides a single entry pass to Singapore to claim the Entrepreneur pass. Second, it shall be presented, together with other pertinent documents to the Work Pass Division of the Ministry of Manpower for collection of the work visa,” Asiabiz explains.

Included in the documents for application are the filled-in application form for an Entre pass, a copy of educational certificate, a copy of the passport details, one piece passport-size recently taken photograph, the business proposal, MOUs or contracts with potential clients for new business if any, and brochures, press releases or any business collaterals from previous or existing business ventures to prove the entrepreneurial skills of the foreign national.

Asiabiz may accompany foreign nationals as they claim their work visas from the Ministry of Manpower after it has set the appointment schedule.

Asiabiz can also assist in company incorporation following the release of Entrepreneur pass.

About the Publisher:
Asiabizservices offers one-stop business solutions to companies, particularly, those that are managed and owned by foreign investors. Since its inception, Asiabizservices has successfully helped foreign entrepreneurs form a Singapore company. Among its specializations are Singapore entrepass, company setup, corporate services, accounting services, nominee services, company registration, whether as a sole proprietorship, private limited, limited liability partnership; offshore company formation, incorporation of foreign companies either as a branch or subsidiary office, accounting services including payroll preparation and more.

Asiabizservices is the leading provider of Singapore Company Incorporation services and has successfully helped thousands of both local and foreign entrepreneurs register a Singapore Company. It also provides chartered secretarial services.

For more information visit:
AsiaBizServices PTE LTD
address: 120 Telok Ayer Street Singapore 068589
phone: +6563034614

Asiabiz Services is a business solutions and processes provider based in Singapore. It reaches out to companies, employees, and individuals in all their business needs and requirements.

General | Categories: financial, business
0    submitted by Daniel Fox
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