Singapore Employment Pass Application Approval Considerations Discussed By Rikvin
Employment Pass (EP) is a type of work visa issued to foreign professional employees, managers, and owners/directors of Singapore companies. There is no quota system limiting the number of Employment Passes that can be issued to a company.
You can apply for Employment Pass under the following scenarios:
- You are an owner/director of a Singapore company and needs to relocate to Singapore to handle the operations of the company. Note however that if the company is a newly setup company and you hold more than 30% of the shares, you can also apply for Entrepreneur Pass.
- You want to hire foreign staff for the Singapore company. If this is the case, an Employment Pass application needs to be filed by the company for such foreign staff.
Employment Pass is normally issued for 1-2 years at a time and renewable thereafter. An EP visa enables you to work and live in Singapore and travel in and out of the country freely without applying for Singapore entry visas. As an Employment Pass holder, you are eligible to a apply for Singapore permanent residence in due course
The key facts and requirements for an Employment Pass type of work visa consist of the following:
- A monthly fixed salary of more than S$2,500.
- A tertiary degree from a reputable university coupled with relevant professional experience. Your strong professional work experience history and good salary may compensate for lack of good education in some cases. The proposed Singapore employment must be relevant to previous work experience.
- No quota system is implemented. Authorities review each application on the basis of the credentials of the employing company and the applicant.
Depending upon your salary, education, and experience, you will be issued one of the following three types of Employment Passes:
- P1 Pass: for applicants earning more than S$7,000 monthly base salary
- P2 Pass: for applicants earning between S$3,500 and S$7,000 monthly base salary
- Q1 Pass: for applicants with a base salary between S$2,500 and S$3,500 a month
The figures mentioned above is only a general guideline and it is still the discretion of the authorities that controls what specific type of pass will be issued. The three types of Employment Passes do not have much difference except for the following:
- All the three types of EP work visas allow you to bring your spouse and children under 21 years old, but Q1 pass holders are not eligible to apply for Long-Term Social Visit Pass for their immediate family members.
- The timing of permanent residence application filing. As a rule of thumb, P1 holders can apply for Singapore PR as early as 1 year after obtaining EP whereas P2 and Q1 pass holders should wait at least 2 years.
Rikvin has effectively facilitated Singapore entrepass and Singapore employment pass application , Singapore company registration , ipa singapore for both non-resident and resident financiers build business firms in Singapore.
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