All new EntrePass applicants must register their companies as private limited companies with at least $50,000 paid-up-capital and hold at least 30% shareholding in the company. The company must be new and cannot be registered in Singapore for more than six months at the point of the EntrePass application. In addition, the proposed business venture must not be engaged in illegal activities. Businesses not of an entrepreneurial nature (e.g. coffee shops/hawker centres/food courts, bars/night clubs/lounges, foot reflexology/massage parlours, karaoke lounges, acupuncture/traditional chinese medicine/herbal dispensing, employment agencies and geomancy etc) will also not be considered for an EntrePass.