Singapore is about to implement major reforms to the issuance of EP visas!
Starting from September this year, the application or renewal of EP permits will adopt a scoring system, and the requirements for applicants will be stricter at that time.
Singapore EP Pass
The Singapore Employment Pass (EP) is a work permit issued by the government to attract foreign professional and technical personnel, managers, company managers and directors, etc. to come to Singapore for employment.
At present, the salary requirement for applying for an EP pass is SGD 5,000 per month, and the financial industry is SGD 5,500 per month.
Singapore
The latest EP scoring system will be launched soon
From September 1, 2023, in addition to meeting the minimum salary requirements, EP applicants in Singapore must also meet the standards of the Complementary Professional Assessment Framework (COMPASS) to assess the applicant's ability and determine whether the applicant meets the needs of the local labor market .
?Application Requirements:
Applicants must obtain a cumulative score of 40 points in 4 main assessment items and 2 sub-assessment items to be eligible to apply for an EP pass.
The COMPASS evaluation framework is divided into two parts: basic standards and reward standards.
? Basic standards (divided into 4 aspects)
Monthly salary - the applicant's monthly salary reaches or exceeds 65% of the level of peers of the same age
Education – whether the applicant graduated from a top school
Whether the employees of the enterprise come from diverse countries and regions
Does the company employ enough local staff?
? Reward criteria (divided into 2 aspects)
Skills, plus 20 points if you are engaged in a job on Singapore's shortage occupation list
Economic priority strategy, when the applicant's company meets the evaluation criteria for innovation or internationalization, add 10 points
Under the new assessment framework, applicants must score more than 40 points on the premise of a monthly salary of SGD 5,000 (SGD 5,500 in the financial industry) in order to meet the EP application criteria
From the COMPASS standard, we can get a glimpse of Singapore's official attitude:
From a large number of applicants, select those who can bring feedback, investment and good social impact to Singapore.
Therefore, after the implementation of COMPASS, there will be higher requirements for applicants' education, salary and qualifications. In the future, the review of EP applications will be more stringent, and it will be more difficult to obtain PR.
At present, in order to further attract the world's top talents, Singapore has launched the ONE Pass top-level professional permit, and the application is open on January 1, 2023!
ONE Pass Singapore's top professional permit, the first approval is usually 5 years, and you can apply for permanent residence after one year. After the expiration, if certain conditions are met, the contract can be renewed for 5 years, which is equivalent to the existence of a small PR!
If you are considering moving to Singapore to work, study or live, please consult Xingyunhai International for a detailed identity planning plan.
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