How to apply for a Singapore Tech.Pass Full Guide for 2021 Past and/or future employment contracts as is relevant. Last 3 months bank statements as well as the past 3 salary slips. You may be expected to wait longer during peak seasons or when contributions from third parties are required. All Your Questions Answered, Sign up to our newsletter for more insights, This applies to younger workers. Once acquired, its renewable and valid for up to 2 years. Whether youre seeking a Singapore Employment Pass or are ready to apply for permanent residence, working with an experienced expansion partner can make a huge difference. Employment Pass holders can receive medical insurance as well, but this is up to their employers. Requirements of the pass. PEP holders may remain unemployed while living in Singapore for a period of no more than six months. On the one hand, the S Pass and Employment Pass are meant to allow companies to employ global talent in Singapore. As a global Employer of Record (EOR) we handle all the bureaucratic and administrative hurdles of employment in Singapore. The Employment Pass allows foreign professionals, managers and executives to work in Singapore. Can employment pass holders incorporate a business in Singapore? *If your name on passport differs from other documents, to upload an explanation letter and supporting documentsNOTE: Do keep in mind that all documents you submit when applying for your Employment Pass need to be in English, or translated into English by a translation agency. For foreign entrepreneurs who are keen to start and operate a business in Singapore that is venture-backed or possesses innovative technologies. With 2+ years of experience writing about the subject, she aims to demystify the world of insurance for readers with the latest updates, guides and articles on the blog. You are using a version of browser which will not be supported after 27 May 2018. Read on to find out how and which one you should apply for. Upcoming changes to Employment Pass eligibility It will take roughly 15 minutes. Work passes - Ministry of Manpower Step 4: Hand over the records to the employee After your renewal application has been approved, you will need to print out your in-principle approval letter (IPA) via Employment Pass Online (EPOL) and provide the employee with a copy for their records. While S Pass holders may receive fewer perks, such as a higher salary of family passes, they are granted mandatory medical insurance. The number of people receiving benefits after an initial week of aid, a proxy for hiring, fell 5,000 to 1.794 million during the week ending May 13, the claims report showed. Eligibility, which family members you can bring in and the passes available. How Do They Work? *SGD $3,000 for S Pass applicants in the Financial Services Sector has been in effect since September 2022. This pass is what allows people in such positions to work without facing any issues. Besides the FCF, Singapore-based employers must also adhere to the Dependency Ratio Ceiling (DRC) for WP applications. Topics covered are, what is employment pass, who is eligible to apply, alternatives to employment pass, documents required, procedure, advt in jobbank, factors influencing ep approval, process after approval, reasons for delay, rejection of employment pass, filing appeal, renewal process, bringing dependants. There are two categories of foreign talent that can apply for a PEP: Existing P1 pass holders will only be required to submit the PEP application form unless any other supporting documentation may be relevant to approval. earn at least S$12,000 if you are currently an Employment Pass (EP) holder. Applicants need not cancel their current passes to apply for a new application. The holder is pre-approved to work in Singapore. Work Permits (WP) are for semi-skilled foreign workers from a pre-approved list of countries. If they need to stay out of Singapore for longer periods, they will need to obtain approval from the Ministry of Manpower (MOM). Usually within 3 weeks. Enhanced Medical Insurance Coverage for S Pass and Work Permit Holders in Singapore: What You Need to Know, 3 Reasons Why Personalized Benefits Are the Future, Singapore Doubles Tax for Foreigners Home Purchases, What Expats in Singapore Need to Know about Freelancing and Self-employment, Current salary requirement for new applicants, The effective date for renewal applicants. Ltd. is one of Singapore's top registered insurance brokers. 2023 Velocity Global, LLC. Contact our team of expert insurance advisors today for impartial advice! Singapore Employment Pass Eligibility and Salary Requirements The Ministry of Manpower (MOM) has tightened its requirements for Employment Pass applicants. Benefits Of A Personalised Employment Pass (PEP) This requirement will apply to new EP applications from 1 September 2023, and renewals from 1 September 2024. Afterall, Singapore is an attractive place to be doing business.. How to get a Personalised Employment Pass in Singapore Get in touch to explore how you can build your team in Singapore with us. To incorporate a business, they would need to register the company with the Accounting and Corporate Regulatory Authority (ACRA) in Singapore. The 3 major types of work passes in Singapore are mainly categorized by the employees education, job type, and salary. This pass is what allows people in such positions to work without facing any issues. To continue to transact with MOM securely, please follow, Employment Pass eService (formerly EP Online), Employment/S Pass Self-Assessment Tool (SAT). Your employer or appointed agent can apply for a WP online. Has the business supported local PMETs (i.e., professionals, managers, executives, and technicians) in their employment? The Singapore Ministry of Manpower (MOM) assesses each EP application on a case-by-case basis. Your email address will not be published. One of them includes the quota-based S Pass, which allows foreign talent to join the workforce after a specific number of locals have been absorbed into the system. This article takes you through the instances of canceling a work permit and the process involved in doing so. Some employers even provide medical insurance to their employees. What Are Singapores S Pass & Employment Pass? Employment Pass - Ministry of Manpower With over 20 years of experience in the insurance brokers industry, Pacific Prime Singapore is happy to help you find your best insurance solutions. If applicants plan to extend their stay, they can always apply for permanent residency (PR). According to 2018 data, there are 522,347 Singapore PR holders residing in Singapore. To continue to transact with MOM securely, please follow these steps to enable the Transport Layer Security (TLS) of your web browser, or upgrade to the latest version of your browser. EP holders can even be the local director of their own company. For eligible spouses or children of Singapore citizens or PRs holding an LTVP/LTVP+ issued by ICA. Has the business helped recruit and train more Singaporean PMETs. The Singapore government has decided to ease the visa rules for high-salaried expats and a few other exceptional talents. Can an EP holder become a Permanent Resident (PR) in Singapore? Don't forget to get a FREE insurance quote and consultation while you're still here. Singapores S Pass and Employment Pass allow foreign workers to be employed in Singapore. For Employment Pass holders, health insurance is not a requirement. We highly recommend applying online, as this process takes a faster application time (3 weeks or longer), unless your case requires us to submit the application manually. Book a call with us to start building your global team today. The Singapore Personalised Employment Pass, also known as PEP, is a special type of work visa issued to top-tier individuals based on their own merits. Heres an overview of each pass to help EP holders understand the requirements for relocating with their family to Singapore. Find out which pass is suitable, if they are eligible and how to apply. This is part of the Fair Considerations Framework (FCF)., The Government is trying to ensure that employers are advertising their roles openly and considering suitable candidates from Singapore as well, not only from abroad. The ONE Pass is a part of the efforts to enhance Singapore's current work pass framework. For high-earning existing Employment Pass holders or overseas foreign professionals. Find out about the pass and how to apply. If youre ready to break into the Singaporean market with world-class immigration support on your side, lets talk. How long does it take to process an Employment Pass (EP)? Singapore's Ministry of Manpower (MOM) also offers entrepreneurs an opportunity to obtain an Employment Pass (EP) once they have incorporated a company in Singapore. They may also consider the salary and age of the applicant. For semi-skilled foreign trainees or students undergoing practical training in Singapore for up to 6 months. Applicants must also offer details of educational qualifications and work experience. A position in a niche role or industry helps too. However, the regulations have been tightened as of 2021., As of now, if companies want to transfer an intra-corporate transferee to a Singapore office, then the individuals family wont be able to get a Dependents Pass or Long-Term Visit Pass. What Are the Benefits of a Singapore EP Holder? If the pass holder changes jobs, the new employer has to apply for a new pass. Before applying for any of the listed positions, you must ensure all your employees documents are authentic. The tax rates for EP holders are the same as those for residents and range from 0% to 22% on a progressive scale, depending on amount of income earned. All rights reserved. Candidates in the financial services sectorneed higher salaries to qualify. This basically means that the employee can work in just about any business sector although they may be required to seek prior approval for some occupations. However, if you havent received your Employment Pass (EP) application outcome or simply want to check the status, you can check the application status online via the MOM EP status check portal. An Employment Pass is generally approved for one to two years for first-time candidates and it can also be renewed for up to three years, subsequently. It may appear to be a long process, and some might think it is useless, but an employment pass in Singapore comes with many benefits. Long-Term Visit Pass - Ministry of Manpower The S Pass is targeted at unskilled and non-technical staff. Upcoming changes to employment pass eligibility, Foreign professionals, managers and executives with a job offer in Singapore who meet the. Thinking of starting a new chapter in Singapore? Your email address will not be published. Everything about Long Term Visit Pass Singapore (LTVP) - Sleek Once your employee qualifies for the EP visa, you can apply for these two passes to allow their loved ones to visit them in Singapore, subject to prevailing conditions. Can employment pass holders be a shareholder or director in Singapore? Being a Singapore Employment Pass beneficiary allows applicants to live, work, and play in Singapore. When and how to renew an Employment Pass before it expires. Singapore is the worlds best place to do business, and its a title that the city-state has maintained for 15 consecutive years. Experienced tech professionals with skills in shortagemay be eligible for a longer 5-year duration pass. Email or call us, and well process the refund within five working days. For semi-skilled migrant workers in the construction, manufacturing, marine shipyard, process or services sector. The Overseas Networks & Expertise Pass is a personalised pass for top talent across all sectors, including in business, arts and culture, sports, as well as academia and research. No foreign worker levy or quota required. When and how to notify MOM, including updating company name and address, occupation, passport details, salary and residential address. Interested to find out more about how you can apply for an Employment Pass, whether as a working professional, foreign entrepreneur or Singapore-incorporated business owner? Again, for Employment Pass holders, overseas companies can make an intra-corporate transfer to Singapore without advertising the role. Liaise with a dedicated specialist when you engage us for Singapore immigration, recruitment and work visa services! This requirement nearly doubles for older individuals with more experience. To continue to transact with MOM securely, please follow these steps to enable the Transport Layer Security (TLS) of your web browser, or upgrade to the latest version of your browser. You are using a version of browser which will not be supported after 27 May 2018. For foreign students studying full-time at an approved school or institution in Singapore. Interested candidates or employers are recommended to first explore the Self-assessment Tool before engaging the services of third-party service providers. You can check the validity of your employment pass by following one of these two methods: Your application can be rejected by MOM, but while rejecting, MOM will state down the reason for rejection which will help you in making an appeal. What happens if my EP application is rejected? Fixed monthly salary comparable to the top one-third of local PMET salaries, starting from $5,000 and increases progressively with age, up to $10,500 for those in the mid-40s.