Employment Pass
The Employment Pass is a type of work visa available to foreign professionals, managers and executives who wish to work in Singapore. This pass is typically reserved for individuals who hold a job offer from a Singapore-based employer and meet certain eligibility criteria.
To qualify for an Employment Pass, applicants must have a fixed monthly salary of at least SGD 5,000, which increases progressively with the increase of age and possess relevant educational qualifications, professional skills, or work experience. The pass is typically valid for up to two years and can be renewed for up to 3 years as long as the pass holder remains employed in Singapore.
Letter of Consent for the Secondary Directorship
In accordance with the regulations set forth by the Ministry of Manpower (MOM), an individual holding an Employment Pass may seek appointment as a Director of another company, provided that they have obtained the necessary Letter of Consent from MOM. This Letter of Consent serves as official approval for the individual to take on directorial responsibilities in addition to their primary employment.
Personalised Employment Pass
The Personalised Employment Pass (PEP) is tailored for high-earning and highly skilled foreign professionals. It offers greater flexibility compared to other work passes, as it is not tied to a specific employer and allows holders to switch jobs without reapplying for a new pass.
To be eligible for the PEP, applicants must have a fixed monthly salary of at least S$22,500 and possess acceptable qualifications, such as a degree from a reputable university or professional qualifications.
Overall, the PEP is designed to attract top global talent to contribute to Singapore’s economy and workforce, while providing individuals with the flexibility and freedom to pursue their career aspirations in the country.
Entrepass
Entrepass is a crucial concept in the world of entrepreneurship. It refers to the ability of an individual or a group to enter into a market and establish a successful business venture. This process involves various factors such as market research, identifying opportunities, and developing a viable business plan.
EntrePass can be applied if candidate meets both conditions:
- Have started, or intend to start, a private limited company that is either registered with ACRA and Venture -backed or owns innovative technologies.
- Meet at least one of the following criteria:
- Raised funding for a past or current business
- Supported by a government-recognized or internationally renowned incubator or accelerator;
- Founded and sold a technology business
- Holds intellectual property
- Have a research collaboration in Singapore.
Overseas Networks & Expertise Pass (“OnePass”)
The OnePass is a type of work visa available to Top talents in business, arts and culture, academia and research. Candidate is eligible for this pass if meets one of the criteria below:
- Earned a fixed monthly salary of at least S$30,000 (or its equivalent in foreign currency) for the last 12 consecutive months.
- Will earn a fixed monthly salary of at least S$30,000 under their future employer in Singapore.
- Have outstanding achievements
The pass is typically valid for up for 5 years and can be renewed for up to 5 years subject to meeting the renewal criteria.