On August 29, 2022, Singapore's Minister of Manpower Chen Shilong announced that the government will launch the "Top Professional Pass" - the Overseas Networks & Expertise Pass (ONE Pass), which will be launched on January 1 next year. Applications are open and the visa is valid for five years.
ONE Pass is explained as "a personalised pass for top talent in business, arts, culture, sports, science and technology, academia and research," according to the Singapore Manpower Network.
Top PASS, top benefits
Application conditions
? With a monthly income of SGD 30,000 in the past year, you may get the same salary in Singapore.
? Overseas applicants need to prove that they have held key positions in companies with a market value of more than $500 million or an annual revenue of more than $200 million.
? Those who have outstanding achievements in the arts, sports, science and academic fields do not have to meet the income threshold. The Ministry of Manpower of Singapore will jointly review the eligibility of these applicants with relevant government departments.
enjoy benefits
? High salary (at least a fixed salary of S$30,000 per month)
? Directly hired by employers, no need to go through the ordinary pass (EP/SP) recruitment process
? Valid for up to 5 years, with a 6-month stay period after resignation
? Does not have to be employed by a specific company, can work or operate in multiple companies
? Spouse works locally without applying for a separate work permit
From the point of view of the application conditions, applicants must have a monthly salary of 30,000 Singapore dollars (about 150,000 yuan) or have outstanding achievements in some fields.
In addition, the Ministry of Manpower will annually require ONE Pass owners to provide details of all professional activities in the past year and the annual salary earned in all professional activities. This is used to evaluate its renewal eligibility.
The significance of ONE Pass is to open up new opportunities
When asked about the significance of the ONE Pass, Singapore's Manpower Minister Tan Shilong said:
"Our attraction and introduction of top talent in many growth areas will open up huge new opportunities to take Singapore to the next level."
He believes that in the medium and long term, the process of transferring the skills and expertise of top talents to local people will be smooth, and the introduction of top talents will help Singapore's development without disadvantages.
Talent is crucial to the success of a country. Singapore is a globalized and international city. First, it needs to consolidate its status as a national talent hub and attract top talents from around the world. Second, it needs to nurture local talents.
Those who can obtain the ONE Pass should be the top 5% of the top talents in the relevant fields. By bringing in elites from around the world, the people of Singapore can use the Internet to learn their expertise, thereby accelerating the development of the local talent pool.
What other work permits are there in Singapore?
The launch of ONE Pass is one of several initiatives to strengthen Singapore's position as a global talent hub. Starting next year, ONE Pass owners should be at the top of the food chain for expatriate workers in Singapore.
So, what kind of employment passes are there in Singapore, and which groups are they suitable for?
"#NO.1 Personalized Employment Pass PFP
Personalised Employment Pass
?Applicable industries: all industries
? Salary threshold: monthly salary of SGD 12,000; monthly salary of SGD 18,000 for overseas applicants
? Application conditions: refer to the monthly salary standard
? Validity period of the pass: 3 years, no renewal after expiration
?Welfare: You can bring your family members to New Zealand; you do not need to apply for a new EP pass for job-hopping, and there is a 6-month stay period after leaving the company
From 1 September 2023, there are 3 changes to the Personalised Employment Pass:
①There is no need to meet the needs of the Complementary Professional Assessment Framework;
②The application threshold is raised to a monthly salary of S$22,500;
③ Employers can directly hire PEP holders without the need to advertise jobs under the framework of fair consideration.
"#NO.2 Technology Pass T.P
Tech.Pass
? Applicable people: foreign technology entrepreneurs, senior managers or industry experts
? Salary threshold: SGD 20,000 per month
? Application conditions: refer to the monthly salary standard
? Validity of the pass: 2 years, it will be renewed upon expiration
? Application conditions: The following conditions must be met:
① Monthly salary of SGD 20,000;
②Have held a leadership position in a technology company with a market value of at least US$500 million or at least US$30 million in capital for at least five years;
③Have led the research and development of a technology product with at least 100,000 active users or an income of at least US$100 million.
? Welfare: You can bring your family to New Zealand; you can flexibly participate in the activities of starting a business or running a business, or you can become an investor, employee, consultant or director of a local company
"#NO.3 EP Pass Employment Pass
? Target audience: Programs for foreign professionals, managers, executives and experts
? Salary threshold: SGD 4,500 per month
? Application conditions: refer to the monthly salary standard
? Validity of the pass: 2 years, 3 years for renewal
? Application conditions: The following conditions must be met:
① A monthly salary of at least S$4,500;
② Work in a new related professional management post;
③Have relevant experience.
?Welfare: If the monthly salary is more than SGD 6,000, you can apply for the spouse and children to come to Singapore. If the monthly salary is more than SGD 12,000, you can apply for the long-term visit pass for parents.
From September 1, 2022, there are 2 changes to the EP Pass:
① The starting salary threshold is adjusted to SGD 5,000;
②The salary requirement for financial industry personnel has increased from SGD 5,000 to SGD 5,500.
From September 1, 2023, there will be 1 changes to the EP Pass:
Add a column "Technology professionals with scarce skills", the monthly salary threshold is S$10,500, and the pass is valid for 5 years.
"#NO.4 SP Pass S Pass
? Applicable people: foreign intermediate technical level employees
? Salary threshold: SGD 2,500 per month
? Application conditions: refer to the monthly salary standard
? Validity of the pass: 2 years, 3 years for renewal
? Application conditions: The following conditions must be met:
① A monthly salary of at least S$2,500;
②Have relevant experience.
?Welfare: If the monthly salary is more than SGD 6,000, you can apply for a family visa for your spouse and children under the age of 21; if the monthly salary is more than SGD 12,000, you can apply for a long-term visit pass for parents.
Singapore, once known as the most worthy investment country after the epidemic. From the introduction of the new regulations and the increase in the threshold for employment pass applications in the past, it is enough to see the urgency of the Singapore government for top talents. It is believed that this new regulation will open up huge new opportunities for Singapore, and will also bring greater investment opportunities to investors!
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