Tech.Pass
In early 2020, the Singapore Economic Development Board announced the launch of a new type of visa called Tech.Pass. The aim is to attract top global tech talent to Singapore, promoting the development of Singapore’s tech ecosystem and further solidifying its leading position as a regional tech hub.
Key Features
Tech.Pass holders are able to take on multiple roles concurrently in Singapore, such as:
- Start and operate one or more tech companies;
- Be an employee in one or more Singapore-based companies at any time;
- Be a consultant or mentor, lecture in local institutions of higher learning; and/or
- Be an investor or director in one or more Singapore based companies.
There is no need for Tech.Pass holders to apply for different passes as they transit between activities.
Tech.Pass holders are able to sponsor stay for spouse, children, and parents1 in Singapore on either a Dependant’s Pass (DP) or a Long-Term Visit Pass (LTVP) issued by MOM.
Note: The pass will be valid for 2 years in the first instance, and can be renewed for another 2 years, upon meeting renewal criteria.
Eligibility Requirements
To be eligible for the pass, applicants must satisfy any two of the following conditions:
- Have a last drawn fixed monthly salary (in the last 1 year) of at least S$22,500.
- Have at least five cumulative years of experience in a leading role in a tech company with a valuation/market cap of at least US$500mil or at least US$30mil funding raised.
- Have at least five cumulative years of experience in a leading role3 in the development of a tech product that has at least 100,000 monthly active users or at least US$100mil annual revenue.
Renewal Criteria
To be eligible for the pass, applicants must satisfy any two of the following conditions:
To be eligible for a two-year renewal, the pass holder must fulfil either: (i) Criterion 1 or 2, and (ii) Criterion 3.
(1) Criterion 1 or 2
1. Have earned at least S$240,000 in assessable income based on the latest Notice of Assessment from the Inland Revenue Authority of Singapore (can be made up of salaries and / or business income);
Note: From 1 September 2024, the required assessable income will be raised to S$270,000.
2. Demonstrate total annual business spending of at least S$100,000 and employ at least 1 local PME1 or 3 LQS.
(ii) AND Criterion 3
At the time of renewal, be performing at least two of the following roles, at least one of which must be in Category (A):
| Category A | Category B |
|
1. Founded a company in Singapore, offering a tech-based or tech-enabled product or service. |
1. Served on Board of Directors of a Singapore-based company (need not necessarily be tech company) |
|
2. Served a leading role (e.g. CEO, CTO, APAC MD) in a Singapore-based tech company |
2. Acted as advisor / mentor to a Singapore-based start-up |
|
3. Served a leading role in two or more Singapore-based tech companies |
3. Served as professor / lecturer / adjunct professor / adjunct lecture in a Singapore Institute of Higher Learning (IHL) |
|
4. Employed in a technical role leading a team in a Singapore-based company (e.g. senior engineer or senior researcher leading a team in a particular tech field) |
4. Provided training in some form not covered by B2 or B3 above (e.g. workshops, corporate training classes). |
|
5. Employed in a technical role leading a team in two or more Singapore-based companies |
5. Invested in one or more Singapore-based tech companies |
Application Process
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