To legally work in Singapore, all foreign citizens must obtain a work visa first. Thus, after incorporating a Singapore company, all potential employers must apply for relevant types of work pass for all their foreign employees.
We can assist you to apply the following work passes.
Work Pass in Singapore
- Employment Pass
- Personalised Employment Pass
- EntrePass in Singapore
- Tech Pass in Singapore(EDB)
1. Singapore S Pass
S Pass is issued to mid-level skilled foreign workers. The Foreigner Worker Levy is applicable. It ranges between S$315 and S$550 per worker. The Singapore Ministry of Manpower (MOM) also mandated a Dependency Ratio Ceiling (DRC) for S Pass holders in different sector. In service sector company, the DRC is 35%. While assessing an S Pass application, MOM looks at the applicant’s qualifications, work experience, and a monthly salary of at least S$2,500 for young inexperienced applicants and more for experienced applicants.
2. Singapore Employment Pass (EP)
The MOM assesses an Employment Pass application based on the nature of Professional Manager Executive roles (PME) and whether the applicant has acceptable qualifications. The employment pass application can only be made by your employer and on your behalf. There is a minimum monthly salary of at least S$4,500 for young inexperienced applicants and more for experienced applicants. From 1 December 2020, the minimum qualifying salary for EPs in the Financial Services sector will be $5,000 for new applicants.
3. Personalised Employment Pass
This special category called the Personalised Employment Pass(PEP), is issued to top-tier professionals and is not tied to any employer. When granted, PEP holders are allowed to pursue any employment and are not required to reapply to MOM when they change jobs. But the Ministry does place a threshold of salary for individuals to apply for a PEP:
4. EntrePass in Singapore
EntrePass is a Singapore business visa which is granted to foreign entrepreneur willing to incorporate and run a private limited company in Singapore. MOM, along with SPRING Singapore are jointly responsible for this pass, and is normally granted to entrepreneurs looking to create innovative technologies and applications, or are investing in R&D-intensive enterprises dealing in bio-tech or clean-tech. Registered company with ACRA must be less than 6 months. To be successful, an EntrePass application must fulfill the following requirements:
The EntrePass applicant must also submit a 10-page draft business plan, which includes:
5. Tech Pass
Tech Pass which is launch by the Economic Development Board (EDB) is to attract founders, leaders and technical experts with experience in established or fast-growing tech companies, so as to contribute to the development of Singapore’s tech ecosystem. Tech Pass will allow pass holders flexibility in the participation of activities such as starting and operating a business, being an investor, employee, consultant or director in one or more Singapore-based companies, mentoring start-ups and lecturing at local universities.
In order to be eligible for Tech Pass, candidates must meet two of the three criteria: a last drawn monthly salary of at least $20,000 in the past year, at least five years of cumulative experience in a leading role in a tech firm with a valuation or market capitalisation of at least US$500 million or at least US$30 million funding and beyond, or at least five years of cumulative experience in a leading role in the development of a tech product that has at least 100,000 monthly active users or at least US$100 million in revenue.
The Tech@SG programme anchors and supports the expansion of high potential companies in Singapore. This is part of Singapore’s multi-pronged approach to develop a strong base of technology companies and talent to ensure Singapore remains globally competitive. This will also create more opportunities for local tech talent to work in globally competitive teams alongside top tech talent from all over the world.