Asiabizservices Compares Singapore Entrepreneur Pass vs Singapore Employment Pass
A company that helps foreign individual, entrepreneur or a business professional who wants to setup a Singapore company as an individual.
by Halperin Lauchlin Monday, December 20, 2010
Through its two premier labor visas—Singapore Employment Pass and Singapore Entrepreneur pass—foreigners may take advantage of Singapore’s business environment and employment opportunities.
In an interview with Asiabiz Services conveyed that the Singapore Entrepass is exclusively designed for individuals with exceptional entrepreneurial skills as evident in their business history without completing the tertiary education.
Said Asiabiz Services: “A lack of university or collegiate degree does not thwart foreign entrepreneurs from demonstrating their innovative business concepts in Singapore.” As long as they satisfy all other requirements implemented by the Ministry of Manpower, foreign entrepreneurs may explore or expand their business in the city-state.
Employment pass on the other hand, is meant for entrepreneurs who earned their Bachelor’s degree and have taken advantage of such knowledge in an advancement of their business undertakings and or personal development.
“Generally, professionals seeking for high positions in a company in Singapore such as managerial, executive, and specialist may apply for an Employment pass,” Asiabiz Services continued, adding that degree holder-investors are eligible for an Employment pass should they wish to register a company in Singapore and actively participate in running its affairs.
Other eligibility requirements include the age, roles and responsibility in a company, relevant work experience, and citizenship for a job applicant. For investors however, the additional requirements besides the ones mentioned for an employee are the reputation of the company, and the paid share capital.
Both passes are valid between 1 and 2 years for their first issuance. Nevertheless, an Employment pass is renewable as long as the holders continue their employment in a company. A change of employer entails a revocation of an existing labor pass and applying for another under the new employing company.
“Entre passes can be renewed provided that the entrepreneurs have demonstrated good performance on areas specified by the Ministry of Manpower,” Asiabiz Services elucidated further detailing that learning how the “entrepreneur fared in fulfilling the requirement of employing a certain number of local workers and maintaining the total business spending during the company’s first year of existence.” is of great importance.
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 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 Incorporate a Singapore Company. It also provides chartered secretarial services.
Our phones are answered during business hours by specialists and not by an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions.
For more information visit:
AsiaBizServices PTE LTD
address: 120 Telok Ayer Street Singapore 068589
Singapore Company Formation Service, We provide company registration,incorporation, immigration, accounting and taxation services to entrepreneurs and businesses worldwide.
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