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Singapore

Singapore An Overview

Singapore officially the Republic of Singapore, is a South east Asian State ,off the southern tip of the Malay Peninsula.Singapore is one of the most advanced, cosmopolitan and modern city-states in the world, making it the world's most popular immigration and work destinations. It is also among the world's most successful commercial and business centres with a stable economy.

The Economy

  • World's fourth-leading Financial centre,
  • World's second-biggest casino gambling market,
  • World's third-largest oil refining centre,
  • One of the five busiest ports in the world,
  • World's third-largest oil refining centre
  • Personal and corporate taxation rates in the country are among the lowest in the world,
  • Excellent incentives for businessmen and companies that establish their regional base,
  • Passport holders of Singapore enjoy visa free travels to 155 countries across the world,
  • One of the safest cities in the world,
  • A gateway for ASEAN countries and a major regional hub for financial services,
  • High Quality & Affordable Local Transport,
  • One of the most organized educational systems in the world,
  • Stable economic and financial policies.

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  1. Singapore Work Permit Scheme: Employment Pass
  2. Work Permit Scheme: Personalized Employment Pass (PEP)

Singapore Work Permit Scheme: Employment Pass

The Employment Pass (EP) is the main kind of Singapore work visa meant for entrepreneurs, executives and skilled professionals who wish to work in Singapore.

The terms Employment Pass is also commonly known as EP, E pass. One can apply if:

  • You are a foreign entrepreneur, executive or managing director of a Singapore company and wish to relocate to Singapore to manage your company operations;.
  • You are a locally-incorporated Singapore company and need to hire foreign employees;.
  • You have an employment offer from a Singapore employer. In this case, your employer will process the EP application on your behalf.

The Employment Pass (EP) is the main type of work permit meant for company owners or skilled employees that will be working in Singapore. There is no official quota system limiting the number of Employment Passes that can be issued. It take 1-15 days to process the application.

Validity:

Employment Pass is initially issued for 1-2 years (at the discretion of authorities) and renewable as long as the applicant continues to be employed by the company.

Eligibility:

Company owners and professional staff with tertiary education and relevant experience.

Permanent Residence Eligibility:

Employment Pass holders are eligible to apply for PR status in due course.

The S Pass is for mid-skilled employees who earn a fixed monthly salary of at least $2,000 (w.e.f. 1 July 2011). S Pass applicants are assessed based on employer's quota eligibility and applicant's qualifications. Instead of a degree, a technical diploma is acceptable for this kind of work pass.

Validity: S Pass is initially issued for 1-2 years (at the discretion of authorities) and renewable after that as long as the applicant continues to be employed by the employer.

Eligibility: Mid-level technical staff. The number of S Pass holders a Singapore company can employ is capped at a sub-quota of 25% of the company's total workforce. To be eligible, salary must above S$2,000.

Permanent Residence Eligibility: S pass holders are eligible to apply for PR status, however they may have to wait 4-5 years and have a stable job history in Singapore.

Work Permit Scheme: Personalized Employment Pass (PEP)

The Personalised Employment Pass (PEP) is a special type of Employment Pass that is not tied to a specific employer. The biggest benefit of having a PEP work permit is that you can switch jobs without re-applying for a new employment pass provided that you are not unemployed for more than six months.

Eligibility Criteria:

  • Overseas applicant earning a minimum salary of $8,000 per month at least 6 months prior to the date of application;
  • A former P1 Employment Pass holder who resides overseas;
  • A current P1 Employment Pass holder;
  • A current P2 Employment Pass holder with at least 2 years of working experience under the same category and has earned a fixed salary of at least S$34,000 in the preceding year.
  • A current Q1 Employment Pass holder with at least 5 years of working experience under the same category and has earned a fixed salary of at least S$34,000 in the preceding year.
  • A foreign graduate from institutions of higher learning in Singapore with at least two years of working experience on a P or Q1 Employment Pass and a minimum annual income of S$34,000.

Validity: PEP is issued for 5 years and non-renewable. Permanent Residence Eligibility: PEP holders are eligible to apply for PR status in due course.


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Error:AKKAM is primarily an immigration/ student visa consulting company that offers advice on Global options but does not provide work permits/overseas jobs.


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