Understanding the different Singapore work visa
Singapore has attracted and continues to attract a number of foreign employees from all over the world. A foreigner expecting to live and work in Singapore will find it difficult to find work due to the influx of foreign workers already in the country. Many that have already moved to Singapore will have trouble seeking jobs even with a work visa.
There are different types of work visa available, which are classified based on the applicant’s level of technical ability and monthly income. To apply, applicants must recognize the purposes and conditions of each visa. Singapore’s government gives professional employment visa such as the Employment Pass (EP), Entrepreneur Pass (EntrePass), and Personalized Employment Pass (PEP). The S Pass and Work Permit are visas designed for qualified and semi-skilled foreign workers who work in Singapore.
Employment pass
The employment pass is the most common visa provided by the Singaporean government (EP). The EP is best suited for international professionals with credentials and relevant work experience who are looking for employment in administrative, executive, or certain positions. It is intended for use by foreigners who are considered experts or specialists in their chosen region. Authorities would carefully assess each applicant’s skills and skills, as well as their ability to provide a competitive advantage in their field.
Applicants for employment passes are usually employees and executives. They must earn at least S$4,500 monthly. Those who plan to apply for an EP must do so after forming a company. It is a temporary pass that must be renewed every two years or more often if certain conditions are met. The Ministry of Manpower processes and approves the EP. Those with an EP would have an easier time becoming a permanent resident of Singapore in the future.
Only the employer of a foreigner who wishes to work in the United States can apply for an EP on the applicant’s behalf.
Entrepreneur pass
Other foreign nationals may choose to apply for the entrepreneur pass (EntrePass). This work visa is appropriate for those who have achieved notable milestones and success in their business venture or have an ambitious business idea that will contribute to the country’s economic development. This is because EntrePass is meant to be used by those with a long history of entrepreneurial activities. The majority of EntrePass holders are the creators of new businesses. Those interested in applying for an EntrePass must own at least 30% of the company’s stock. EntrePass owners must have a business plan that is at least 10 pages long and details the owner’s planned business style.
The EntrePass, like the EP, is only valid for a limited time. It must be renewed every year but certain conditions must be met before renewal. An applicant can apply for an EntrePass at any time up to six months after the company’s registration. However, the business must be incorporated after the 30 days following the issuance of the EntrePass expires. The EntrePass is processed and approved by the MOM and the Accounting and Corporate Regulatory Authority (ACRA). Holders of an EntrePass are more likely to obtain Singapore PR status if they so wish.
Personalized employment pass
The personalized employment pass (PEP) is one of Singapore’s most flexible work visa applications. It provides the holder with several opportunities. It is intended for professionals and executives earning S$18,000 or more per month. Those who apply for a PEP and already have an EP, on the other hand, just need a minimum monthly salary of S$12,000.
The PEP is an employment visa that can only be obtained by self-sponsorship. It allows its holder to visit Singapore without having to work there. The applicant can apply for the PEP. The PEP also allows its holder to move across the Singapore labor market. Its holder is not subject to any job bonds and can therefore work in any business field of his or her choosing. PEP holders are not required to reapply if they change jobs.S pass.
The S Pass is a temporary work visa for professional and semi-skilled jobs. It allows workers from any country to work in Singapore. S Pass holders are from a professional sector who have met the standards set by the organization. To be eligible for an S Pass, applicants must have a fixed monthly salary of at least S$2,200. Work experience, educational qualifications, and professional skills in the business sector are also needed. Those with more experience would need to gain more funds as proof of their work experience.
An application for an S Pass must be made on the applicant’s behalf by an employer. Candidates for the S Pass must also complete and pass a point-based evaluation. Employers who employ S Pass holders must have medical care for their workers.
Work permit
A Work Permit (WP) is an employment visa that permits semi-skilled workers to work in labor-intensive industries such as manufacturing, construction, marine, and services in Singapore. WP holders are paid less because no educational qualifications are needed. The application for a WP is the responsibility of the employer.
The WP is subject to a quota scheme. The employer is expected to pay a foreign worker tax, meet the foreign worker limit, and provide workers with medical benefits. This employment visa is valid for up to two years after it is issued and is reversible thereafter. Dependents are not allowed to accompany WP holders.
In conclusion
Understanding the specifics of the various forms of work visa applications will assist applicants in obtaining the most appropriate one. The applicant’s experience, skills and, educational level all play a role in work visa selection. Although applying for an employment visa can be challenging, the process can be simplified by reaching out to a skilled service provider that specializes in immigration and visa services. We at RenAi Group are known for these types of services and will make certain that your immigration requirements are met. Contact us today and start the work visa application process.
