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. Common-law spouses, step-children, unmarried handicapped children, and parents, Legally married spouses, biological children, Relocating with Employment Pass or S Pass holders, Starting and operating a business in Singapore, Foreign spouses and children of Singapore Citizen and Singapore Permanent Resident holding an LTVP or LTVP+ from ICA. All jobs must be advertised for at least 28 days on MyCareersFuture.gov.sg. Examples include construction, marine shipyard, manufacturing, and the service sector. Find out which pass is suitable, if they are eligible and how to apply. For semi-skilled migrant workers in the construction, manufacturing, marine shipyard, process or services sector. PH pay, COMPASS, Primary Care Plan, myMOM Portal, paying salary, annual leave. The process involves submitting an application and providing the necessary documents, such as the companys proposed name, the details of the companys directors and shareholders, and the companys registered address. If youre ready to break into the Singaporean market with world-class immigration support on your side, lets talk. Other Than the EP, Which Other Work Passes Can I Apply for? Singapore launches new M-SEP scheme allowing firms to hire more S-pass and work permit holders, at least SGD $3,000 worth of monthly salary, Update 2023: Hospital Room Types in Singapore, Public and private hospitals in Singapore: Key differences expats should know. Singapore PR for Indians: Eligibility & Procedure Explained The Overseas Network & Expertise (ONE) Pass is Singapores latest new work passes to attract global talent. MOM will evaluate all their credentials to ascertain whether they qualify for the job. Step 7: Keep the Ministry of Manpower informed of any changes, replacements, cancellations, and renewals of your EP, Your nationality has an impact on your chances. The Singapore Ministry of Manpower (MOM) assesses each EP application on a case-by-case basis. Applicants must also offer details of educational qualifications and work experience. High-paying expats of all nationalities who work in managerial, executive, or specialized roles may qualify for an Employment Pass (EP). This was effective from October 1, 2020. Yes, Employment Pass (EP) holders can apply for Permanent Residency (PR) in Singapore. This means that anyone eligible for this pass can make a good life for themselves and be close to their family. The Employment Pass allows foreign professionals, managers and executives to work in Singapore. 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. Parents of the PEP holder can be granted Long Term Visit Passes to enter into Singapore sponsored by the PEP holder. If you want to set up your company in Singapore, you may also consider newly announced work visa - ONE Pass Singapore. After 5 working days from reporting at EPSC. For more information on common reasons for EP rejections, read our article. Our Company Our Approach Partner Network News Careers Leadership Contact Us, Technology Overview Release Notes Information Security, Platform Overview Hire Anywhere Employer of Record International PEO Global Benefits Global Equity Program Flexible Office Spaces Global Immigration Global Payroll Pay Your Talent Multi-Country Payroll Compare, SaaS Cybersecurity Life Sciences Nonprofit Organizations Venture Capital Private Equity Human Resources Finance Business Development Legal, Countries We Serve Resource Center Blog Forge Ahead Podcast Help Center. Step 3: Engage an employment agent (like Sleek) and submit the Employment Pass (EP) application to MOM. For eligible Dependants Pass holders who wish to operate a business. Here are the documents that you need to prepare for your employment pass application: Copies of educational certificates and transcripts, Verification proof from a background screening company. In this Pacific Prime Singapore article, well go over the latest criteria for obtaining the 3 types of work passes. This means that you dont need to go through the hassle of setting up a foreign subsidiary or applying for an S or Employment Pass. This also includes intra-company transfers or new hires that you want to relocate from another office to your Singapore office. The Hive Lavender Level 6 Vanguard Campus, 1 Kallang Jct, 339263, Highly Desirable Citizenship In Singapore, Opening A Private Limited Company In Singapore, Securing Singapore PR while holding Employment Pass, The Difference Between The Singapore Work Permit And The Employment Pass. Our customer support team is at your disposal for any questions or issue you may face. An employment pass is essential for a foreigner to work at a managerial, executive, or specialized job in Singapore. It usually takes around 3 weeks to process employment pass applications, once all documents have been submitted. A legally married spouse and children (under the age of 21 years) will be afforded Dependants Passes attached to the PEP. The S Pass calls for a lower salary of at least S$3,000. Singapore Employment Pass holders can open a savings or current account, rent property, and purchase local medical insurance. As of May 22, 2023, all EP Online users will need to log onto the myMOM portal to use the following services: applying or renewing EP, S Pass, Dependant's Pass, Training Employment Pass, Long-Term Visit Pass, or Letter of Consent; issuing or canceling any pass, except for Work Permit; appealing for rejected EP and related applications . Consider all candidates fairly before you apply for an Employment Pass, You are using a version of browser which will not be supported after 27 May 2018. 2023 Sleek Tech Pte Ltd | 160 Robinson Road, #14-04 SBF Center, S068914 | +65 6929 8273 | ACRA Professional No. Singapore 049712. Non-Mandatory Employee Benefits in Singapore ThePersonalised Employment Pass(PEP) is aimed at top tier foreign talent who want to live and work in Singapore. Can I start a company if I am an EP holder? The main differences between the two are their eligibility criteria. As an employer, you can renew an Employment Pass for your employees, or you can work with a visa agent to do so. Find out in our new report. In all other sectors, the quotas dropped from 20% to 15% from January 1, 2023. Additionally, a work permit doesnt have salary limits since it is the only visa for unskilled labor. The Long-Term Visit Pass (LTVP) is for a common-law spouse, step-child or handicapped child of an Employment Pass or S Pass holder. Share your contact details and we'll call you back. Having an employment pass can also help you in availing medical facilities in a country. EP holders in Singapore can relocate with their family, but the required passes and permits depend on their relationship and intended activities. After that, you can submit applications to MOM online. You are using a version of browser which will not be supported after 27 May 2018. Our jam-packed newsletter covers monthly compliance updates, upcoming events and exclusive offers. How to get a Personalised Employment Pass in Singapore Are an Employment Pass and Work Pass the same thing? Related Read: Snapshot of Singapore Work Passes, Permits and Visas. Benefits Of Having An Employment Pass In Singapore Yes, EP holders can start a Private Limited company in Singapore. Standard occupations for filling out the manual Employment Pass application form. Includes eligibility, and the Self-Assessment Tool. 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. However, EP holders who are foreign nationals are not required to make CPF contributions. The state will also be checking more thoroughly in the future to ensure foreign companies are not discriminating against qualified locals. The Singapore Employment Pass is a work pass that allows foreigners to hold specialist, managerial or executive positions in Singapores business sector. For eligible spouses or children of Singapore citizens or PRs holding an LTVP/LTVP+ issued by ICA. Financial Value Transparency and Gainful Employment (GE), Financial PEP employees will not need to reapply for a new pass each and every time they change employment. There will be updates to the EP qualifying salary and a new Complementarity Assessment Framework (COMPASS). When the candidate arrives, you can get the pass issued and will get a notification letter stating whether registration is required. 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. Complete the EP renewal application form online, Gather and upload all of the documents required for the EP application. Sleek 2023 Small Business Index Report available for download now. Thinking of starting a new chapter in Singapore? They must also earn a monthly earning of not less than S$6,000, and work under a company that is licensed by the Singapore government. Your email address will not be published. Some employers even provide medical insurance to their employees. Before applying for an EP, it is necessary to consider eligibility requirements. Fixed monthly salary comparable to top one-third of local APT salaries. Older professionals in their 40s and over must earn about double as much, A minimum salary of $5000 a month for young people in the financial sector, Qualifications from accredited institutions - this does not mean any recognised university or college, it is a specific list of institutions approved by the government and in some cases may only include a handful of institutions in the world for a specific type of qualification. However, PR applications are assessed based on a number of factors, such as the individuals contribution to the economy, length of stay in Singapore, and family ties in Singapore. While S Pass holders may receive fewer perks, such as a higher salary of family passes, they are granted mandatory medical insurance. This includes being an employee of your own company, or engaging in entrepreneurial activities. Our sales team is available from Mon - Fri 9am to 10pm (Singapore Time). If an EP holder loses their job, their EP will be cancelled. At the time of writing, a job that pays at least SGD $3,000 worth of monthly salary is also required. For foreign speakers, religious workers and journalists taking on a short-term work assignment of up to 60 days in Singapore. For foreign performers working in public entertainment outlets such as bars, hotels and nightclubs. Even higher is the minimum qualifying salary for expats in the Financial Services Sector (SGD $5,500). If they have kids aged 12 years or below, they will need a Verification of Vaccination. Gather and upload all required documents, 5. Its possible for an Employment Pass application to be rejected, but you or your employer can appeal the decision within three months of the rejection date. The Employment Pass is for foreign professionals across all nationalities or citizenships who: Have a job offer in Singapore. It offers limited liability protection to its owners and shareholders, which means that their personal assets are protected in the event that the company is unable to pay its debts. 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? However, it is still advisable to check the specific requirements and regulations related to starting a company in Singapore as well as any potential changes in regulations. It is for foreign professionals, managers, executives, and other professionals to live and work in Singapore. Thinking of starting a new chapter in Singapore? The aim is not only to bring in foreign companies but to encourage them to set up a permanent base in Singapore with local hires.. Depending on your occupation, salary, and more, you may be required to get a Work Permit, S Pass, or an Employment Pass. It means that you must first relocate to Singapore after acquiring a work visa known as an Employment Pass (Entrepreneur Pass) or a Personalized Employment Pass. Any person who holds an employment pass in Singapore can easily get an account opened in a Singapore bank. This resource provides more information on how to incorporate a private limited company in Singapore. What Are the Requirements for a Singapore Employment Pass? If I'm an EP holder, can I apply to be a Singapore permanent resident (PR)? How to check the validity of my employment pass? During a parliament sitting on 12 Sept 2022, the Minister shared the four enhancements, namely: Instituting the ONE Pass to target talents earning at least SGD 30,000 in fixed monthly salary, comparable to the top 5% of EP holders, or with outstanding . Key facts on S Pass - Ministry of Manpower Overseas businesses that do not have a Singapore-registered company require 8 weeks to be processed. Pass holders earning over $12,000 can also get a pass for parents. For foreign professionals, managers and executives. Simply make an appointment online. *The conditions for Singapores S Pass and Employment Pass are changing regularly. Singapore Personalised Employment Pass Scheme **SGD $5,500 for EP applicants in the Financial Services Sector has been in effect since September 2022. This article takes you through the instances of canceling a work permit and the process involved in doing so. How to replace a lost, damaged or stolen Employment Pass card. Talk to our experts today. This means that they can have an ownership interest in the company and are entitled to a share of the companys profits and assets. Work in a managerial, executive, or specialised job. Applications must first be approved by Singapores Ministry of Manpower (MOM) before they can officially move to Singapore to start working for your Singapore company. For foreign entrepreneurs who are keen to start and operate a business in Singapore that is venture-backed or possesses innovative technologies. As an employer, before applying for an EP visa, you must ensure that your applicants meet the necessary requirements. There will be a yearly quota of 500 Tech.Passes given to foreign tech professionals and will be assigned on a first-come-first-served basis. From September 2023, EP applicants must also pass the upcoming COMPASS eligibility framework. Your email address will not be published. In the case that you purchase a service and later change your mind, we cant issue a refund. Despite each sector having its own list of approved countries, Malaysians applying for their WP are given more leeway. Your tasks and responsibilities in the company will also be reviewed. When you should appeal, who can appeal and how to submit an appeal. When this happens, your employer can offer further information and documents to MOM to assist them in reassessing your Employment Pass application. The Employment Pass allows foreign professionals, managers and executives to work in Singapore. Employment Pass (EP) eService (formerly EP Online) - Ministry of Manpower The renewal application can be filed online via MyMOM Portal. MOM generally will give a status or update within 10 business days of submission. 5 ways businesses can benefit from Singapore's new work pass They may also consider the salary and age of the applicant. No matter the country of origin, applicants can be qualified candidates for specialist, managerial, and executive positions. In addition, employers must pay a monthly levy for each foreign worker on top of providing mandatory medical insurance for them. Net benefits are created primarily by shifting students from low-financial-value to high-financial-value programs or, in some cases, away from low-financial-value postsecondary programs to non-enrollment. Press enter to see results or esc to cancel. Serena earned her Bachelors Degree in Psychology from the University of British Columbia, Canada. Editors, sub-editors, journalists, and media . Here are few of the benefits of PR for Indians in Singapore: Financial advantages: Take advantage of the financial advantages offered by the Central Provident Fund (CPF) system in . The Long-Term Visit Pass issued by the Immigrations & Checkpoints Authority ( ICA) or Ministry of Manpower ( MOM) is designed for a common-law partner, step-child, or physically-challenged child of an Employment Pass or S Pass holder. As a result, companies worldwide are increasingly warming up to the idea of expanding operations here and obtaining Singapore Employment Pass (EP) work visas for their employees. You also wont have to worry about paying a sky-high medical bill out-of-pocket. A typical Singapore Employment Pass is valid for 2 years, and pass holders also have the chance to renew their work pass for another 3 years to lengthen their stay. Step 5: Have your fingerprints and photos recorded at the Employment Pass Service Centre (EPSC). If they need to stay out of Singapore for longer periods, they will need to obtain approval from the Ministry of Manpower (MOM). Heres how you can benefit. The EP is a type of work visa issued to foreign professionals, managers, and executives who are employed in managerial, executive, or specialised roles. Find out about the pass and how to apply. If you have employees involved in practical training, you can opt for the Training Employment Pass (TEP). For students and graduates aged 18 to 25 who want to work and holiday in Singapore for 6 months. Chew Hui Min @ChewHuiMinCNA 29 Aug 2022 03:53PM (Updated: 29 Aug 2022 06:13PM) SINGAPORE: A work pass is being introduced that will allow high-earners and high-achievers to live in Singapore. It will take roughly 15 minutes. However, this may vary according to whether they are covered by a particular Free Trade Agreement (FTA).. Employers can choose whether to provide medical insurance for EP holders. If a work permit expires, then the DP automatically gets revoked. Employers are required to provide health care only to Work Permit and S Pass holder employees. Have acceptable qualifications, usually a good university degree, professional qualifications, or specialised skills. The 3 major types of work passes in Singapore are mainly categorized by the employees education, job type, and salary. Required fields are marked *. Besides the FCF, Singapore-based employers must also adhere to the Dependency Ratio Ceiling (DRC) for WP applications. Check the status of the application on Employment Pass Online (EPOL), 6. You will need to understand all the details and differences to know whether either pass is the right path for you and how to apply. If not, they should be translated into English through a government-approved translation service, Unmarried disabled children aged 21 years and above, Unmarried stepchildren aged 21 years and below. 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. No, Employment Pass (EP) and Work Pass are not the same thing. However, they will need to obtain a Certificate of Entitlement (COE) and pay additional taxes and fees, such as the Additional Registration Fee (ARF) and the Goods and Services Tax (GST). All Rights Reserved. The difficulty of obtaining an Employment Pass (EP) in Singapore depends on several factors such as the applicants qualifications, work experience, salary, and the demand for their skills in Singapores job market. Key Things to Know About the Singapore Employment Pass (EP) First, you must earn a minimum monthly salary of SGD $5,000 (from September 2022). What qualifies as Permanent Residence in Singapore and what are its benefits? Upcoming changes to employment pass eligibility, Foreign professionals, managers and executives with a job offer in Singapore who meet the. Note that there are no DPC quotas or levies for EP holders. Singapore is the worlds best place to do business, Singapore Personalised Employment Pass Online Assessment. All Your Questions Answered, Sign up to our newsletter for more insights, This applies to younger workers. Applicants can qualify for an LTVP if they are either an EP or S Pass holder. Singapore to launch new work pass for top talent in all sectors from This requirement nearly doubles for older individuals with more experience. For Overseas Networks & Expertise Pass holder, you can also apply for a Long-Term Visit Pass . The mandatory route for obtaining an S or an Employment Pass is to first advertise the job on MyCareersFuture.gov.sg which specifically targets Singaporeans. What Is Payroll Tax? Alternatively, use our online quotation system for a free quote! Upon submission, the processing time is 3 weeks and 8 weeks, respectively. While Singapore Citizens and SPRs benefit from MediSave, foreign employees are not entitled to the same benefit. The Department also estimates substantial transfers, primarily in the form of reduced net title IV, HEA spending by the Federal government. Employee Benefits in Singapore | Boundless How long can EP holders stay outside of Singapore? Email or call us, and well process the refund within five working days. The dependants may include their spouse and unmarried children (biological or step) who are below 21 years of age. If applicants plan to extend their stay, they can always apply for permanent residency (PR). Primarily focused on health insurance in Singapore, we also offer a wide spectrum of insurance solutions from automobile through to wellness. Once obtained, your EP is valid for 2 years and can be renewed for 3 years. 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. Though there is no minimum qualifying salary, there is a cap on the maximum length of employment and age limits. All candidates, whether local Singaporean or foreign, must be considered equally. (Updated as of 17/02/2023). Employers guide to cancelling a Singapore work pass, 5 ways businesses can benefit from Singapores new work pass, Singapore Foreign Worker Levy (FWL) For Work Permit, A valid passport with at least six months validity from the date of entry into Singapore, A passport-sized photograph taken within the past three months, Employment testimonials or reference letters, Letters of reference from current or previous employers, if available, Employer applying for Employment Pass for employee, Foreign entrepreneur applying for Employment Pass for self, Engage a visa agent like Sleek to submit EP application on your behalf, Employee waiting for Employment Pass application, Applicants must have a job offer by a Singapore-registered company, Applicants must work in a managerial, executive or specialised skills, Applicants should hold appropriate academic qualifications, Fixed monthly salary comparable to top one-third of PMET by age, Your resume along with relevant educational certificate, Testimonials and/or references from your previous employers, Detailed description of your employing companys products and/or activities, Your passports personal particulars page*, Detailed description of your job duties and responsibilities, Step 1: Determine your eligibility and the necessary qualifications. Has the business supported local PMETs (i.e., professionals, managers, executives, and technicians) in their employment? After this, they will need to apply for a different type of visa to keep working in Singapore. Generally, if the applicant has a good educational background, relevant work experience, and a job offer with a competitive salary, the chances of getting an EP are higher. A private limited is a type of business structure that is separate from its owners and shareholders.
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