Requirements for Singapore Employment Pass Application
The three categories of Employment Passes in Singapore are the following: P1 Employment Pass, P2 Employment Pass and Q1 Employment Pass. Before considering to apply for a particular employment pass, it is important that you possess all the required criteria to be eligible for the employment pass you are applying for.
To be eligible for a Singapore Employment Pass, the foreigner applicant must possess the following basic requirements: a fixed monthly salary of at least S$2,500 and must possess the recognized qualifications which include acceptable degrees, professional qualifications or specialist skills. The authority that evaluates each EP application and qualification is the Ministry of Manpower (MOM) and makes its evaluation based on a criteria that includes the following: global and country institution rankings by independent accreditation boards, hiring history by top companies in Singapore, validation by HR consultants in listed countries, employment outcome of the institution’s graduates, and the institution’s enrollment standards.
In addition to the foregoing basic requirements of monthly salary and recognized qualifications for a Singapore EP, each of the three categories of EPs have specific eligibility requirements and this article will discuss each of these categories briefly:
P1 Employment Pass. A P1 Employment Pass is issued to an applicant who performs a Professional, Managerial, Executive or Specialist job in a company and earns a fixed monthly salary of at least S$7,000.
P2 Employment Pass. A P2 Employment Pass can be given to an applicant who performs a Professional, Managerial, Executive or Specialist job and has a fixed monthly salary of at least S$3,500 and not more than S$7,000.
Q1 Employment Pass. A Q1 Employment Pass can be given to an applicant who performs a Professional, Managerial, Executive or Specialist job and has a fixed monthly salary of at least S$2,500 and not more than S$3,500.
An applicant who cannot attain the recognized qualifications mentioned in the first part of this article can still be eligible for a Q1 EP provided he possesses compensatory factors such as skills and years of experience, depending on the discretion of the MOM. Having a minimum of 5 years of relevant work experience is an additional factor.
A fixed monthly salary, as discussed above, refers to the total regular income of a foreign employee earned from his job, including his basic salary, and this income must be paid to the employee on a fixed monthly basis, regardless of his performance.
Excluded in the fixed monthly salary and/or basic salary are the following: additional payment by way of overtime, bonus or commission; any form of reimbursements or in-kind payments; any sum paid to an employee or contract worker to defray special expenses incurred by him owing to the special, unusual or hazardous nature of the employment; any productivity incentive payments and any allowances which are variable in nature; any contributions paid by the employer or employee to any pension or provident fund; or any gratuity payable on discharge or retirement.
Rikvin has effectively facilitated Singapore entrepass and Singapore employment pass application for both non-resident and resident financiers build business firms in Singapore.
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