Nature of Singapore Tech Pass
Do I need to renew my Tech Pass?
After 2 years, pass holders can apply to renew their Tech Pass if they meet the renewal criteria as follows:
Have earned at least S$240,000 in assessable income based on the latest Notice of Assessment from IRAS (can be earnings from salaries and/or business income); or
Demonstrate total annual business spending of at least S$100,000 and employ at least 1 Singaporean/Singapore Permanent Resident Professional, Manager or Executive with a monthly salary of at least S$3,900, or 3 Singaporeans/Singapore Permanent Residents with a monthly salary of at least S$1,400.
Additionally, pass holders must be performing at least 2 of the following roles (one of which must be in Column (A) at the time of their renewal application):
|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 (which need not be a 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 2 or more Singapore-based tech companies||3. Served as professor/lecturer/adjunct professor/adjunct lecturer 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 2 or more Singapore-based companies||5. Invested in one or more Singapore-based tech companies|