The Singapore Business Visas are tailored to accommodate individuals and entrepreneurs looking to engage in business activities, establish companies, or invest in Singapore. These visas facilitate both short-term business trips and long-term business endeavors.
Key Features:
- Multiple visa options depending on the purpose and duration of stay.
- Tailored for business meetings, conferences, investments, and company establishment.
- Opportunity for long-term residency through certain investment or entrepreneurial pathways.
Overview of Streams:
Singapore Business Visa (Short-Term Visit Pass)
EntrePass (Entrepreneur Visa)
Employment Pass (EP)
Global Investor Programme (GIP)
Singapore Business Visa (Short-Term Visit Pass)
- Purpose: For business meetings, negotiations, attending conferences, and other short-term business activities.
- Eligibility: Proof of business purpose in Singapore, such as an invitation letter from a Singapore-based company or relevant documentation.
- Duration: Up to 30 days; extendable up to 90 days depending on circumstances.
EntrePass (Entrepreneur Visa)
- Purpose: For foreign entrepreneurs seeking to start and operate a business in Singapore.
- Eligibility: A business plan demonstrating innovation, substantial capital, and job creation potential. The applicant must also be a key executive in the proposed business.
- Duration: Initially, 1 year; renewable if business milestones are met.
Employment Pass (EP)
- Purpose: For professionals, managers, and executives employed in Singapore.
- Eligibility: A job offer from a Singapore company, a monthly salary of at least SGD 4,500 (higher for older applicants), and relevant qualifications.
- Duration: Initially up to 2 years; renewable.
Global Investor Programme (GIP)
- Purpose: For high-net-worth individuals looking to invest significantly in Singapore businesses or funds.
- Eligibility: A minimum investment of SGD 2.5 million in a new or existing business or an approved fund.
- Duration: Permanent residency may be granted after meeting investment requirements.
General Eligibility Criteria:
- Valid passport.
- Proof of business purpose in Singapore (e.g., business invitation, job offer).
- Sufficient financial means to cover the stay and business activities.
- For the EntrePass or GIP, business plans and substantial capital investment.
Required Documents:
- Completed visa application form.
- Valid passport.
- Passport-sized photo.
- Business invitation letter or employment contract.
- Proof of financial means (bank statements).
- For EntrePass: Business plan and financial projections.
- For GIP: Proof of investment and financial statements.
Application Process:
- Gather the necessary documents.
- Submit the application via Singapore’s Immigration & Checkpoints Authority (ICA) or the Ministry of Manpower (MOM), depending on the visa type.
- Pay the application fee.
- Await visa processing and decision.
Costs (Approximate):
| Visa Type | Application Fee (SGD) |
|---|---|
| Short-Term Business Visa | $30 |
| EntrePass | $105 |
| Employment Pass (EP) | $105 |
| Global Investor Programme (GIP) | $7,000 (non-refundable) |
Visa Processing Time (Approximate):
| Visa Type | Processing Time |
|---|---|
| Short-Term Business Visa | 1-3 weeks |
| EntrePass | 7-8 weeks |
| Employment Pass (EP) | 3-8 weeks |
| Global Investor Programme (GIP) | 6-12 months |
Key Points to Remember:
- The EntrePass requires detailed documentation on business plans and innovation potential.
- The GIP provides a pathway to permanent residency for high-net-worth individuals.
- Each visa type has specific eligibility criteria, particularly in terms of investment amounts and employment offers.
Conclusion:
Singapore Business Visas cater to a broad range of individuals, from short-term business travelers to long-term investors and entrepreneurs. With the right documentation and meeting the criteria, these visas provide excellent opportunities for business growth and permanent residency in Singapore.
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- Visit Visa: Whether for leisure or business, embark on global travel with Globalvisanet.
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Tailored Services for Your Success:
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Experience a seamless journey for all your visa needs with Globalvisanet – from profile evaluation and document preparation to post-visa settlement services. If you have questions about filing the AIPP application, reach out to us immediately. We are here to assist you in every possible way.