What is the difference between an EntrePass and an Employment Pass? Which should I apply for?

The EntrePass allows eligible foreign entrepreneurs to start and operate their own business in Singapore, is only considered if you have started, or intend to start, a private limited company registered with ACRA that is venture-backed or possess innovative technologies, and have met any of the required innovative criterias as an entrepreneur, innovator or investor. On the other hand, the Employment Pass allows foreign professionals, managers and executives to work in Singapore, under a registered local company, and is the more common option.