Navigating the Singapore Employment Pass (EP)

Published by C-Suite Workpass

A Beaufort Company

2023-10-19

Singapore Employment Pass (EP): Attracting Global Talent to the Lion City

Singapore’s thriving economy and vibrant multicultural environment make it an attractive destination for skilled professionals worldwide. To facilitate the entry of foreign talent, the Singapore government has introduced the Employment Pass (EP), a work visa specifically designed for highly qualified individuals seeking employment opportunities in the country.

Eligibility Criteria for Obtaining an Employment Pass

To be eligible for an EP, candidates must meet specific requirements regarding their qualifications, salary, and experience. These criteria are designed to ensure that only those with the necessary skills and expertise contribute to Singapore’s economic growth and development.

Educational Qualifications

Applicants for an EP must possess a good educational background, typically a bachelor’s degree or equivalent qualification from a recognized university. In certain cases, extensive professional experience may be considered in lieu of formal education.

Relevant Work Experience

Candidates must demonstrate relevant work experience in their field of expertise. The required duration of experience varies depending on the applicant’s qualifications and the specific industry they intend to work in.

Salary Benchmarks

EP applicants must meet a minimum salary threshold, which is periodically reviewed and adjusted by the Ministry of Manpower (MOM). The current minimum salary requirement is S$5,000 per month, with higher benchmarks for older and more experienced candidates.

Applying for an Employment Pass

The EP application process is typically initiated by the employer on behalf of the prospective employee. Employers must ensure that they have considered local candidates fairly before submitting an EP application for a foreign worker.

Documentation Requirements

The EP application requires various supporting documents, including:

  • Applicant’s passport details
  • Educational certificates and transcripts
  • Employment contract or job offer letter
  • Resume or curriculum vitae
  • Salary slips from previous employment
Processing Time and Fees

The processing time for EP applications typically ranges from three to six weeks. Upon approval, the EP is initially granted for a period of one to two years and can be renewed subsequently. The application fee for an EP is currently S$105.

Benefits of Holding an Employment Pass

EP holders enjoy several benefits, including:

  • Authorization to work in Singapore
  • Eligibility to bring dependants (spouse and children) to Singapore
  • Flexibility to switch employers within the same industry
  • Opportunity to apply for permanent residency after a certain period of residence

Conclusion

The Singapore Employment Pass serves as a gateway for skilled professionals seeking to contribute their expertise to the dynamic and ever-evolving Singaporean economy. By attracting and retaining top talent from around the globe, Singapore continues to solidify its position as a global hub for innovation and economic growth.

Frequently Asked Questions

As a company shareholder can I apply for Employment Pass?

If your company is less than 6 months old:

  • If you hold more than 30% shares, you will be required by MOM to apply for the Entrepreneur Pass (EntrePass) instead of the Employment Pass (EP).
  • If you hold less than 30% shares, you can apply for the Employment Pass.

If your company has existed for more than 6 months:

  • You can only apply for the Employment Pass.
Does our company require a resident director service if we are applying for Employment Pass?

A company is required by law to have at least one director who is ordinarily a resident in Singapore. Your Company may use our Nominee Director Service on a temporary basis until your Employment pass is approved. As an EP holder, you may be the resident director of your company.

Can I apply for Employment Pass prior to incorporating my company?

No. Your company must be incorporated first before you can apply for the Employment Pass. Alternatively, you may apply for an Entrepreneur’s Pass.

What are my chances of success with Employment Pass application?

The success of an Employment Pass application depends on the credentials of the company and the credentials of the individual candidate. As part of our service, we assess the profiles of the employing company and your profile as the EP candidate, and advise you if there are any gaps to be filled in before applying for the EP to ensure absolute approval of the EP application.

How do I renew my Employment Pass?

You may submit for an Employment Pass renewal within three (3) months before your EP expires. Renewal processing time may take up to 4 weeks. Please note that MOM does not send any reminder letter to your employer nor you. As such, it is pertinent that you note down in your schedule of your EP Expiry date to avoid the inconveniences of EP lapse.

Please contact us if you need our service.

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Our firm specialises in assisting local and foreign investors to set up presence in Singapore, the United States, India, and Indonesia.

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