The Entrepass scheme in Singapore was launched just about a decade ago and since then has proved to be one of the most successful entrepreneur immigration schemes found anywhere in the world. The Entrepass scheme was basically a special type of entrepreneur visa available in Singapore whereby eligible entrepreneurs from worldwide could relocate to the country after completing their Singapore company setup. The scheme has gone through a few changes and amendments over the years but has still remained quite popular with overseas entrepreneurs. This was partly due to the incredible number of advantages businesses have in Singapore and also due to the simple eligibility norms of the scheme.
While Singapore launched the special entrepreneur visa scheme a decade ago, several analysts believe that the scheme is a clear testimony to Singapore's foresight. Today when most part of the world is struggling with the deep economic recession and trying to attract entrepreneurs to turn things around, Singapore is progressing at an impressive pace and getting all the attention from global entrepreneurs. Recently the United Kingdom amended its entrepreneur visa eligibility criteria and even countries like Ireland followed suit. However, even after making the eligibility criteria simpler, Singapore's entrepreneur visa scheme seems to be much more attractive. Some would say for countries such as the UK, by having such a strict policy earlier, they have missed a huge opportunity. There was a time when entrepreneurs would have loved to setup a business in UK or other parts of Europe and also the United States. But with a struggling economy and with not too many business opportunities, entrepreneurs are not interested anymore in those countries.
On the other hand, Singapore already managed to attract some of the best minds from around the world well before the global economic crisis began. Singapore became the preferred destination for innovative companies looking for a platform to grow and excel. Singapore's economy could also weather the storm during the economic recession and come out on top. Today it is challenging China for becoming the fastest growing economy in the world and thanks to the number of foreign entrepreneurs continually entering the country and creating jobs, Singapore has got to be the most vibrant economy for entrepreneurial activity.
Not only should Singapore's vision for attracting entrepreneurs be applauded, the immaculate execution of the plans and schemes should be applauded even more. Even today when countries in Europe or the United States look at ways to attract the best entrepreneurs to their shore, they are clearly not as good at executing their plans as Singapore.
While Singapore launched the special entrepreneur visa scheme a decade ago, several analysts believe that the scheme is a clear testimony to Singapore's foresight. Today when most part of the world is struggling with the deep economic recession and trying to attract entrepreneurs to turn things around, Singapore is progressing at an impressive pace and getting all the attention from global entrepreneurs. Recently the United Kingdom amended its entrepreneur visa eligibility criteria and even countries like Ireland followed suit. However, even after making the eligibility criteria simpler, Singapore's entrepreneur visa scheme seems to be much more attractive. Some would say for countries such as the UK, by having such a strict policy earlier, they have missed a huge opportunity. There was a time when entrepreneurs would have loved to setup a business in UK or other parts of Europe and also the United States. But with a struggling economy and with not too many business opportunities, entrepreneurs are not interested anymore in those countries.
On the other hand, Singapore already managed to attract some of the best minds from around the world well before the global economic crisis began. Singapore became the preferred destination for innovative companies looking for a platform to grow and excel. Singapore's economy could also weather the storm during the economic recession and come out on top. Today it is challenging China for becoming the fastest growing economy in the world and thanks to the number of foreign entrepreneurs continually entering the country and creating jobs, Singapore has got to be the most vibrant economy for entrepreneurial activity.
Not only should Singapore's vision for attracting entrepreneurs be applauded, the immaculate execution of the plans and schemes should be applauded even more. Even today when countries in Europe or the United States look at ways to attract the best entrepreneurs to their shore, they are clearly not as good at executing their plans as Singapore.
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