An Introduction to Singapore Employment Passes
If you’re considering working or setting up a company in Singapore, understanding the various employment pass options is crucial. Singapore offers a range of passes tailored to different professional backgrounds and job positions. In this comprehensive guide, we’ll explore the key aspects of Singapore’s employment pass schemes, facilitating a seamless adjustment to the country.
1. The Singapore Employment Pass (EP)
The EP is one of the most common and sought-after work passes in Singapore. It’s designed for foreign professionals, managers, executives, and specialists who wish to work in the city-state.
Eligibility Criteria for an EP
To qualify for an EP, you typically need:
- A job offer in Singapore.
- A minimum monthly salary of $5,000 (or $5,500 for financial services sector). Note that salary expectations increase progressively based on your age. Individuals in their mid-40s may require a minimum salary of $10,500.
- Recognised qualifications and relevant work experience.
- The validity period of this pass spans two years, with the possibility of renewal for up to three years.
- Tip: Rapidly growing technology firms venturing into Singapore and the region may qualify for the Tech@SG Programme.
2. Personalised Employment Pass (PEP)
Professionals with high earnings who meet the criteria can submit an application for a PEP.
Eligibility criteria for a PEP
To qualify for an EP, you typically need:
- A minimum fixed monthly salary of $22,500. Overseas foreign professionals must have received their last salary within six months prior to their application.
You do not qualify for the PEP if you fall into any of the following categories:
- An Employment Pass holder sponsored by a company.
- A freelancer or an individual planning to work on a freelance basis.
- A business owner in an ACRA-registered company, including sole proprietors, partners, shareholders, or cases where a director is also a shareholder.
- A journalist, editor, sub-editor, or producer.
3. Overseas networks and expertise pass (ONE Pass)
The ONE Pass is an individualised pass designed for exceptional talent across various industries.
Eligibility criteria for the ONE Pass
Candidates are assessed on a case-by-case basis. To qualify, for the ONE Pass, you typically need:
- A previous minimum monthly salary of $30,000, which you’ll continue to earn while in Singapore.
- Employment with a well-established Singaporean company.
4. Entrepass
The EntrePass enables qualified foreign entrepreneurs to initiate and manage a business in Singapore, provided it is either venture-backed or incorporates innovative technologies.
Eligibility criteria for the ONE Pass
You can submit an EntrePass application if you fulfill these two requirements:
- You have already initiated or plan to establish a private limited company registered with ACRA, which is either venture-backed or involved in innovative technologies.
- If it’s registered, the company should be less than 6 months old when you apply.
- If it’s not registered, you can do so after receiving the application outcome.
- You meet one or more of the innovative criteria as an entrepreneur, innovator, or investor as listed below. You are not required to satisfy all the criteria for each respective profile, but possessing more qualifications would enhance your application.
5. Tech.Pass
Tech.Pass is a visa that enables accomplished tech entrepreneurs, leaders, or technical experts from across the globe to come to Singapore and engage in pioneering and groundbreaking innovations.
Eligibility Criteria for a Tech.Pass
To qualify for the pass, candidates must meet any two of the following criteria:
- Possess a last received fixed monthly income (in the past year) of at least S$22,5002.
- Accumulate a minimum of five years of experience in a prominent position within a tech firm with a valuation/market cap of at least US$500 million or having secured a minimum of US$30 million in funding.
- Amass a minimum of five years of experience in a prominent role related to the development of a tech product that boasts a user base of at least 100,000 active monthly users or generates annual revenue of at least US$100 million.
6. S Pass
The S Pass is intended for mid-skilled workers in various industries (Associate Professionals and Technicians (APTs)) who may not meet the EP criteria.
Eligibility Criteria for an S Pass
To be eligible for an S Pass, you typically need:
- A job offer in Singapore.
- A minimum monthly salary requirement of $3,150. Note that salary expectations increase progressively based on your age. Individuals in their mid-40s may require a minimum salary of $4,650.
- Relevant qualifications and experience.
7. Work Permit
What is a Work Permit (WP)?
The WP is designed for semi-skilled foreign workers in specific industries like construction, manufacturing, marine, and services.
Eligibility Criteria for a WP
To qualify for a Work Permit, you typically need:
- An offer of employment in an eligible sector.
- Meeting sector-specific requirements, such as skill certifications.
8. Miscellaneous Work Passes
Other Work Pass Options
Singapore also offers several other work pass options catering to specific situations, such as:
- Dependant Pass for spouses, children, and other dependents of EP or S Pass holders.
- Long-Term Visit Pass (LTVP) for common-law spouses, stepchildren, handicapped children, and other extended family members.
Navigating the Application Process
The application process for each pass varies, but it generally involves the following steps:
- Job Offer: Secure a job offer from a Singaporean employer.
- Employer’s Application: Your prospective employer will submit the pass application on your behalf to the Ministry of Manpower (MOM).
- MOM’s Evaluation: MOM will evaluate the application based on eligibility criteria.
- In-Principle Approval (IPA): If approved, you’ll receive an IPA letter.
- Arrival in Singapore: Upon arrival, you’ll undergo medical examinations and fingerprinting.
- Pass Collection: Collect your pass and embark on your Singaporean journey.
Managing Your Pass
It’s essential to understand the renewal and cancellation procedures for your pass. This ensures that you comply with Singapore’s regulations and maintain your legal status throughout your stay.
Summary
Navigating Singapore’s employment pass landscape may seem complex, but with the right information and guidance, it becomes a manageable process. Whether you’re a highly skilled professional or an entrepreneur, Singapore offers a diverse range of work pass options to suit your career goals and aspirations.
Let the pro team at Counto help set up your business in Singapore quickly. Speak to us directly on our chatbot, email us at [email protected], or contact us using this form.