Singapore Employment Pass Explained In Detail
By: asiabiz | Posted: 23rd November 2010
Acquiring Singapore Employment Pass is what non-Singaporean citizens, or even residents desired in an effort of seeking Singapore's business capabilities. The Singapore Employment Pass is considered as the main working visa to any entrepreneurs, managers, skilled workers, professionals, and business owners may he/she be a director or shareholder of a registered company in Singapore. The said Employment Pass is issued by Minister of Manpower in Singapore.
Being the world's favorite investment hub, the Minister of Manpower finds it necessary to grant eligibility among foreigners to live and work in Singapore, thereby, eradicating all legal hindrances commonly associated in doing business offshore.
Traveling in and out of Singapore has never been easy and minimal hassle with a Singapore Employment Pass. Being able to acquire a Permanent Residence in Singapore is one step closer to be able to actually acquire a Permanent Residence in Singapore.Of course, this is subject to a few requirements and considerations. At any rate, an EP in Singapore is issued to the following individuals:
- All foreign individuals whose desire is to relocate to Singapore for matters related to business.
- All entrepreneurs who have already established business in Singapore and who wish to employ foreign individuals.
- All foreign individuals who receive an employment offer in Singapore.To make this work, the individual needs the employing company to process the application for EP on his or her behalf.
For first-timers, the Singapore Employment Pass is considered valid for 2 years but for the next renewal the validity would be for 3 years. In applying for an EP, the Minister of Memorandum provides a 3-step procedure described as follow:
Step 1
Before the application is submitted online, a newly incorporated company must obtain an authorization code from Minister of Manpower. Usually, the authorization code is released within a span one week or 2.
Step 2
After obtaining the authorization code, the EP application will then be submitted online and which will take 2 weeks for its approval.
Step 3
Upon approval, a letter known as In-Principle Approval or IPA is sent via e-mail from the Minister of Manpower.In claiming the EP, IPA will then be given to the Work Pass Division of Ministry of Manpower.The validity of IPA will hold 6 months, from the date when it is notified as approved.
Other requirements that applicants should prepare besides the IPA are medical exam which can also be done from ones country, a copy of present passport size photo, original passport with the entry embarkation cards, and other requirements given by IPA.
It is the sole decision of the Ministry of Manpower to evaluate applications for EP. The ministry takes into consideration pertinent aspects in evaluation such as present status of citizenship, salary of the applicant, age, pertinent work and experience, the company's paid-up capital and background, and expected roles and responsibility.
The following are qualifications that a foreigner or applicant must possess to be eligible:
- An educational Diploma and or degree from a reputable college or university:
- Expert's skills
- Professional qualifications
- Nonetheless, though an education is among the primary factors, it may be compensated by other factors in its absence.The Ministry of Manpower does not immediately discard applications by foreign individuals who have not completed a college degree or earned a diploma Either way, the following documents must be presented:
- Related certificates and a printed copy of Original Transcript of Records
- Detailed Resume or Curriculum Vitae indicating the employment and education history
- Testimonials or Certificate of Employment from previous employers
- A copy of Passport details
Should the documents expressed in foreign languages, the same must be translated into English by an official translation service accredited by Singaporean authorities.
Relative to the purpose, the Employment of Pass are in 3 types namely P1 Pass, P2 Pass, and Q1 Pass.
In order to attain P1 EP, one must earn a fixed monthly income not below S$7,000. The position kept must either be an executive, specialist or managerial.
The P2 EP is issued among individuals having a fixed monthly salary of more than S$3,500 and who possess satisfactory qualifications.
For a Q1 EP to be obtained the applicants must have a fixed monthly earning of more than S$2,500 and who should also have impressive qualifications.
Family members may then have a chance to visit or even stay for a considerable period of time since upon issuance of EP, the applicant can apply for a Long-Term Visit Pass or Dependent Pass.
Asiabiz is the leading Singapore company incorporation specialists. The firm has successfully helped thousands of foreign entrepreneurs aqcuire their Singapore employment pass. When you contact Asiabiz, you will speak directly to a member of our Business Advisory Team, which consists of qualified company secretaries and accountants, specially trained in company formation and registration. Our staff will be delighted to assist you, free of charge, by answering any queries you may have.
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Tags: step 1, business owners, doing business, first timers, shareholder, foreigners, skilled workers, working visa, company in singapore, employment pass