You are using a version of browser which will not be supported after 27 May 2018. Find out what it takes to be a Singapore EP holder. . Work passes are necessary for every foreigner who wants to work and live in Singapore. When this happens, your employer can offer further information and documents to MOM to assist them in reassessing your Employment Pass application. Sleek can help you to handle all your company incorporations and EP applications at the same time, easily, without any physical meetings. 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. Your notification letter will also prompt you to register your fingerprints and have your photographs taken at MOM. When and how to appoint a pass holder to your Board of Directors. To qualify for a PEP application, the individual must earn at least S$12,000 per month in Singapore or S$18,000 per month if applying overseas. What Are the Benefits of a Singapore EP Holder? A private limited is a type of business structure that is separate from its owners and shareholders. Anyone who has this pass can also get their family to live with them in the country by applying for a dependant pass. In all other sectors, the quotas dropped from 20% to 15% from January 1, 2023. Basically, Singaporean workers take priority in filling local job vacancies over foreign workers. When and how to renew an Employment Pass before it expires. The Singapore Employment Pass (EP) is a type of renewable work visa. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Visa Express Immigration Agency has been in the industry for almost 10 years. All Rights Reserved. All Rights Reserved. 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. Related Read: Snapshot of Singapore Work Passes, Permits and Visas. While Singapore Citizens and SPRs benefit from MediSave, foreign employees are not entitled to the same benefit. Step 2: Submit the application online Login in to the MyMOM Portal and perform the following actions: Step 3: EP Status Check Check the status of your Employment Pass application via Employment Pass (EP) online (EPOL). Factors include your companys past revenue and paid-up capital. As an expat working in Singapore, your employer will need to help you apply for your pass or permit. But that doesnt mean you shouldnt try. Check the status of the application on Employment Pass Online (EPOL), 6. Standard occupations for filling out the manual Employment Pass application form. Some employers even provide medical insurance to their employees. Employers in Singapore must pay a monthly levy for S Pass holders, and depending on the tier; it costs either SGD $450 or SGD $650. 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. Even with clear guidelines on the eligibility criteria listed by MOM online, the process to apply and receive an Employment Pass is often nuanced, as each application is reviewed and assessed based on certain merits and on an individual basis. For any foreigner working in Singapore and holding an employment pass, life becomes easier. Yes, Employment Pass (EP) holders can apply for Permanent Residency (PR) in Singapore. If I'm an EP holder, can I apply to be a Singapore permanent resident (PR)? There are a number of benefits to receiving this type of work visa but the conditions and criteria are also much more stringent to fulfil. Of course, the minimum salary requirement for obtaining an S Pass also increases for more experienced and older applicants. Singapore PR for Indians: Eligibility & Procedure Explained Employers can choose whether to provide medical insurance for EP holders. You must advertise on MyCareersFuture and consider all candidates fairly before you apply for an Employment Pass. What happens if my EP application is rejected? Again, there are no restrictions on the number of renewals. 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. Her previous work experience includes teaching toddlers to read, writing for a travel/wellness online magazine, and then a business news blog. If they have kids aged 12 years or below, they will need a Verification of Vaccination. 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. The PEP offers greater flexibility than an Employment Pass. The information detailed in this article reflects the current regulations at the time of publication. Heres how you can benefit. 2023 - Mb Startup. The most common work permit for white collar professionals, managers, and executives, Allows the holder to compliantly work in Singapore, Allows access to Singapore bank account opening, property rental, medical facilities, A current Employment Pass does not need to be cancelled in order to submit a new application, Those who work in a managerial, executive, or specialized job, Those with acceptable qualifications; degree from a reputable university, professional qualifications, or specialist skills, An Employment Pass is tied to a single employer, A new application must be applied for when switching, No monthly Central Provident Fund (CPF) Contributions from your employer, Singapore government may scrutinize applications on the basis on nationality, Permanent Residence (PR) status allows someone to live, work, bank, and travel without visa restrictions, PR status holders do not need to acquire Employment Pass sponsorship, and are thus not tied to a single employer, Monthly Central Provident Fund (CPF) contributions from ones employer, PR status holders are allowed to purchase HDB housing, This is the most common and most competitive scheme, This is the most-approved scheme, targeted at high net worth individuals only, This scheme is the least common scheme, and targeted to famous and significant international artists, Type of work pass held (EP, PEP, S-Pass or EntrePass), Marital status and if married to a Singaporean, Must first hold a work permit for 2+ years, Singaporean government maintains tight control over population nationality, especially the national ethnic groups (Chinese, Malay, Indian) versus ASEAN citizens, CPF contributions are locked in country unless PR status is renounced, National Service for sons at the age of 18. This points-based framework is designed to help you choose high-quality foreign professionals with greater clarity and certainty for manpower planning. EP holders can even be the local director of their own company. These are percentage quotas placed on each industry on how many expats should make up your total workforce. An employer or appointed employment agent needs to apply on behalf of the candidate. 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. How difficult is it to obtain an Employment Pass in Singapore? Talk to our experts today. No, Employment Pass (EP) and Work Pass are not the same thing. To continue to transact with MOM securely, please follow, Work Holiday Pass (under Work Holiday Programme), Work Holiday Pass (under Work and Holiday Visa Programme), Letter of Consent for ICA-issued LTVP/LTVP+ holders, Letter of Consent for Dependants Pass holders who are business owners, Work passes for holders of Long-Term Visit Passes issued by ICA. Required fields are marked *. The main differences between the two are their eligibility criteria. 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. As announced in September 2022, MOM increased the minimum salary requirements for EP and S Pass. ThePersonalised Employment Pass(PEP) is aimed at top tier foreign talent who want to live and work in Singapore. Apply for the EP. Step 1: Getting written consent from the respective employee You will need your employee to give their written consent to renew before you can start filling out the renewal application. In both cases, employers apply on behalf of their employees, so foreign companies MUST have a registered presence in Singapore., Both the S Pass and the Employment Pass are open to people of all nationalities. 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 opens the door for them to move to the country and manage business operations here. The Personalised Employment Pass (PEP) is aimed at top tier foreign talent who want to live and work in Singapore. (Updated as of 17/02/2023). The minimum salary threshold depends on the candidates credentials. There are a number of benefits to receiving this type of work visa but the conditions and criteria are also much more stringent to fulfil. How to Make the Most Out of Wholesale Retail Packaging Boxes, Get Help From The Best Firm For The Storage Space For Rent, 3 Tips For Providing Better Customer Service To Senior Citizens, Mobile-First Mindset: Tips to Optimize Your Digital Marketing for Mobile Users, Promoting Your Company With A Positive Social Impact, Building The Ideal Team For Your Start-Up, Mobile-First Mindset: Tips to Optimize Your Digital Marketing for, 3 Tips For Providing Better Customer Service To Senior, Mobile-First Mindset: Tips to Optimize Your Digital. You can use this tool to check if you qualify. Verification of Vaccination requirements is needed for kids below 12 years and below. Other Than the EP, Which Other Work Passes Can I Apply for? To do this, the S or Employment Pass holder needs to earn at least $6000 a month. 2023 Rikvin Pte Ltd (UEN 200708442E) An InCorp Group Company. Which Documents Will I Need to Secure My Passes? The initial pass is valid for 2 years and renewed for an additional 3 years. Particularly since the economic downturn caused by Covid-19, the government is placing considerable importance on the FCF. The Department also estimates substantial transfers, primarily in the form of reduced net title IV, HEA spending by the Federal government. 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. 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. They can only apply for a PLOC when applying for, or renewing the LTVP/LTVP+. For Overseas Networks & Expertise Pass holder, you can also apply for a Long-Term Visit Pass . Singapore itself is a successful business-friendly tech and start-up hub. The Benefits Of Singapore Employment Pass - Mb Startup Otherwise, you will need to cancel the pass. This may further affect your employers hiring decisions. Older workers must be earning more, commensurate with their work experience, Have a degree or diploma, earned after at least 1 year of full-time study, This applies to younger professionals under 40. The PEP is not exclusive to one employer, rendering its owner the flexibility and freedom to pursue opportunities without having to renew the pass with every company. Documents required to apply for an Employment Pass. Generally the reasons for rejection are not provided. Have acceptable qualifications, usually a good university degree, professional qualifications, or specialised skills. 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. No matter the country of origin, applicants can be qualified candidates for specialist, managerial, and executive positions. They can also apply for Singapore Permanent Residence (SPR) after working in Singapore for one year. Non-Mandatory Employee Benefits in Singapore This can be renewed indefinitely., First time Employment Pass holders can work for 1 year. Step 5: Have your fingerprints and photos recorded at the Employment Pass Service Centre (EPSC). Employers must also demonstrate that they have fairly considered all jobseekers. EP applications are reviewed based on a well-rounded set of firm and individual-related characteristics. All Your Questions Answered, Sign up to our newsletter for more insights, This applies to younger workers. Find out about the pass and how to apply. 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. For Malaysian confinement nannies to work in Singapore for up to 16 weeks starting from the birth of the employer's child. Key Things to Know About the Singapore Employment Pass (EP) For Australian students and graduates aged 18 to 30 who want to work and holiday in Singapore for 1 year. From September 2023, EP applicants must also pass the upcoming COMPASS eligibility framework. 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. 2023 Rikvin Pte Ltd. UEN: 200708442E · All Rights Reserved. Press enter to see results or esc to cancel. Cost Required documents for application For regional representatives of overseas companies For healthcare professionals, lawyers, football players or coaches: For employees in a food establishment: Duration of Employment Pass Renewal of Employment Pass For Employment Pass (sponsorship) How to renew Upon renewal of Employment Pass Candidates need to earn at least $5,000 a month. How long can EP holders stay outside of Singapore? The Singapore Ministry of Manpower (MOM) assesses each EP application on a case-by-case basis. In August 2020, the Ministry of Manpower (MOM) raised the work pass criteria to retain and increase local employment. To sponsor your dependents, you must earn at least a fixed salary of SGD $6,000 per month. EP holders can also be shareholders in any company in Singapore. Work in a managerial, executive, or specialised job. Both EP and S Pass holders may apply for a Dependents Pass for their spouse, children, and parents to join them in Singapore. The company will also be evaluated based on its financial standing and credibility. For more information on common reasons for EP rejections, read our article. If the pass holder changes jobs, the new employer has to apply for a new pass. The main differences between the two are their eligibility criteria. This resource provides more information on how to incorporate a private limited company in Singapore. Can employment pass holders incorporate a business in Singapore? Singapore Employment Pass holders can open a savings or current account, rent property, and purchase local medical insurance. Employment Pass - Ministry of Manpower The more established your company is, the better. 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. Yes, EP holders can start a Private Limited company in Singapore. After this, they will need to apply for a different type of visa to keep working in Singapore. When you should appeal, who can appeal and how to submit an appeal. 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. After that, you can submit applications to MOM online. Afterall, Singapore is an attractive place to be doing business.. Check the status of your application on Employment Pass Online (EPOL). Step 3: Engage an employment agent (like Sleek) and submit the Employment Pass (EP) application to MOM. The Overseas Network & Expertise (ONE) Pass is Singapores latest new work passes to attract global talent. Share your contact details and we'll call you back. We'd love to help. The Benefits Of Singapore Employment Pass, How to Open a Demat Account for Day Trading. Being a Singapore Employment Pass beneficiary allows applicants to live, work, and play in Singapore. Primarily focused on health insurance in Singapore, we also offer a wide spectrum of insurance solutions from automobile through to wellness. The Immigration and Customs Agency (ICA) utilizes a points system in order to assess applicant eligibility. You are not allowed to start a business in Singapore. 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. Being the daughter of an immigrant and a traveler herself, she is passionate about educating expats and digital nomads on travel and international health insurance. Generally, if an employee is applying for an Employment Pass and wants their family to settle in Singapore as well, it is best to go through the mandatory route and advertise the role. Singapore Company Registration Specialists. PS20200521, Chat with us on WhatsApp from your mobile. Earn a fixed salary of at least $144,000 per calendar year, regardless of the number of months you are in employment. #19-08 Prudential Tower, The new visa known as the Overseas Networks & Expertise (ONE) pass will . How long does it take to process an Employment Pass (EP)? MOM will evaluate all their credentials to ascertain whether they qualify for the job. No, Employment Pass (EP) holders are not allowed to work part-time in Singapore. Employer submits EP application to MOM, 3. For foreign entrepreneurs who are keen to start and operate a business in Singapore that is venture-backed or possesses innovative technologies. It is for foreign professionals, managers, executives, and other professionals to live and work in Singapore. Candidates need to earn at least $5,000 a month. To qualify for Singapore Dependants Pass, an applicant must be a valid EP, S Pass, Personalised Employment Pass, or an EntrePass holder. This also includes intra-company transfers or new hires that you want to relocate from another office to your Singapore office. 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. Are employers required to buy medical insurance for Employment Pass holders? Find out in our new report. For foreign performers working in public entertainment outlets such as bars, hotels and nightclubs. For migrant domestic workers (MDWs) to work in Singapore. Benefits Of Having An Employment Pass In Singapore Singapore is the worlds best place to do business, and its a title that the city-state has maintained for 15 consecutive years. An employment pass is essential for a foreigner to work at a managerial, executive, or specialized job in Singapore. As PEP is a visa for top-tier professionals, the eligibility to qualify depends on the previously earned monthly salaries of the applicant. If you have used the self-assessment tool and passed it, the likelihood of getting approval for an Employment Pass is very high. Long-Term Visit Pass - Ministry of Manpower Once your application is through, your WP is renewable and can last up to 2 years. Ensure you have uploaded all testimonials along with the application letter. Rather than invest your resources in a process that is likely to turn out negatively, Omnipresent can shoulder some of the burden for you. You are using a version of browser which will not be supported after 27 May 2018. When employing in Singapore, you will need to know which pass is best suited for your purposes so you can apply and employ compliantly. Unlike other work permits like the SPass, which has a quota by sector, there is no limit on the number of employment passes being issued by Singapores Ministry of Manpower (MOM). Serena Fung is a Senior Content Creator at Pacific Prime, a global insurance brokerage and employee specialist serving over 1.5 million clients in 15 offices across the world. This includes being an employee of your own company, or engaging in entrepreneurial activities. Singapore Permanent Residence (PR) Benefits - by Hawksford But we can also help you employ qualified local talent in Singapore. We take care of onboarding, offboarding, payroll and benefits so that you can focus on your business growth and getting your employees up and running. Mid-level skilled staff from all nationalities should apply for an S Pass. Alternatively, use our online quotation system for a free quote! MOM may request additional documents such as corporate bank statements, contracts, etc, Remember, all documents must be in English. When and how to notify MOM, including updating company name and address, occupation, passport details, salary and residential address. Some of the criteria include earning a salary of at least $4,500, which is benchmarked against the top one-third of the local professionals, managers, executives and technicians (PMET) salaries by age. This means that anyone eligible for this pass can make a good life for themselves and be close to their family. The employer must apply for the LOC. Employers or employment agents (EAs) can use EP eService on myMOM Portal to apply, renew, appeal, issue, cancel, withdraw, or replace a pass (all pass types except Work Permit) and view the details of their transactions and organisation's profile. 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 . Our sales team is available from Mon - Fri 9am to 10pm (Singapore Time). Book a time with our experts to guide you in finding the best solution. A renewed Employment Pass can be granted for up to 3 years, though this may be as little as 1 year. The Singapore Employment Pass (EP) is a type of renewable work visa. What happens to EP holders if they lose their job?