The Singapore Entrepreneur Pass (EntrePass) allows foreign entrepreneurs to set up businesses in Singapore. To qualify, applicants must incorporate a new company with at least 30% ownership within 6 months of application and S$50,000 paid-up capital. Applications are assessed based on the business idea, hiring locals, investment, background, and total business spending pledged within the first year. Successful applicants receive a 1-2 year visa and must meet hiring and spending goals for renewal.