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The Different Visa Schemes in Singapore
A leading financial and business hub in Southeast Asia, Singapore continues to attract investors and foreign talent from all over the world with its open immigration policies. How can an entrepreneur or a working professional stay legally in the country? What are the many Singapore work visa schemes available for them? Let’s take a look.
The EP or the Employment Pass is the primary kind of work permit that is given to skilled employees or company workers who will be making a living in Singapore. They are required to have a fixed monthly salary of at least $3,900 and the good news is that there is no official quota system that limits the number of EPs a company can issue.
A special type of Employment Pass, the Personalised Employment Pass or PEP, it is not tied to one particular employer. One of the biggest benefits of having this type of work visa is that it allows the pass holder to switch employers without having to reapply for a new work visa, as long as unemployment is shorter than six months. However, individuals with this Singapore work visa won’t be able to start their own companies and the government is quite strict with the eligibility requirements.
A variation of the Employment Pass, the EntrePass is a visa for owners of newly incorporated companies in Singapore, who wish to relocate to the country to operate their business.
The S Pass is for mid-skilled individuals who earn at least $2,200. The applications for this type of Singapore work visa is based on the quota eligibility of the company and the qualifications of the applicant.
These are categories of people who can pretend to a right of becoming Singapore permanent residents: expats working on PEP, EP and S Pass, entrepreneurs working on EntrePass, investors, artists, spouses and children of permanent residents and Singapore citizens as well as elderly parents of the citizens. Different schemes imply specific requirements: