Understanding Employment Pass Of Singapore

By Author: Diane Paz
Total Articles: 172
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Acquiring Singapore Employment Pass is what non-Singaporean citizens, or even residents desired in an effort of seeking Singapore's business capabilities. The Singapore Employment Pass is considered as the main working visa to any entrepreneurs, managers, skilled workers, professionals, and business owners may he/she be a director or shareholder of a registered company in Singapore. The said Employment Pass is issued by Minister of Manpower in Singapore.

Being the world's favorite investment hub, the Minister of Manpower finds it necessary to grant eligibility among foreigners to live and work in Singapore, thereby, eradicating all legal hindrances commonly associated in doing business offshore.

Traveling in and out of Singapore has never been easy and minimal hassle with a Singapore Employment Pass. Being able to acquire a Permanent Residence in Singapore is one step closer to be able to actually acquire a Permanent Residence in Singapore.Naturally, this is subject to several considerations and requirements. Whatever the case maybe, the following individuals are issued EP in Singapore:

* All foreigners ...
... who want to relocate to Singapore for business purposes.
* All businessmen who have successfully incorporated a company in Singapore and who plan to hire foreign employees.
* All foreign individuals who have attained offer for employment in Singapore.In order to make certain the employment of a foreign individual, he needs the company who offer him/her employment to do the application for EP in his/her lieu.

The Singapore Employment Pass remains valid for 2 years for first-time applications; any subsequent renewal made maintains a validity of 3 years. There are 3 basic steps that are provided by the Minister of Memorandum in applying for an EP, they are as follows;

Step 1

For companies newly incorporated, an authorization code—which is released by the Minister of Manpower after a week or 2—must first be obtained before the application is submitted online.

Step 2

After obtaining the authorization code, the EP application will then be submitted online and which will take 2 weeks for its approval.

Step 3

There will be a letter known as In-Principle Approval or IPA that is sent through e-mail from the Minister of Manpower when application is approved.The IPA must be presented to the Work Pass Division of Ministry of Manpower upon claiming the EP.The validity of IPA will hold 6 months, from the date when it is notified as approved.

Besides the IPA, the applicant or foreigner should also bring a medical exam report which can be completed in one's country of origin or in Singapore, original passport having the entry embarkation cards, a copy of recent passport size photo, and any other documents indicated on the IPA.
It is the sole decision of the Ministry of Manpower to evaluate applications for EP. The ministry takes into consideration pertinent aspects in evaluation such as present status of citizenship, salary of the applicant, age, pertinent work and experience, the company's paid-up capital and background, and expected roles and responsibility.
To be considered for eligibility, a foreigner or applicant must possess the following qualifications:

* A degree from a prestigious college or university or an educational Diploma:
* Specialist's skills
* Accomplished credentials

Nonetheless, though an education is among the primary factors, it may be compensated by other factors in its absence.So, not having a completed education or diploma will not be automatically eliminated by the Ministry of Manpower. In case of incomplete education, the following documents may be presented:

* A hard copy of Original Transcript of Records and relevant certificates
* Detailed Resume or Curriculum Vitae indicating the employment and education history
* Testimonials or Certificate of Employment from previous employers
* Detailed Passport Copy

Should the documents expressed in foreign languages, the same must be translated into English by an official translation service accredited by Singaporean authorities.

Relative to the purpose, the Employment of Pass are in 3 types namely P1 Pass, P2 Pass, and Q1 Pass.
In P1 EP, the foreigner must earn a fixed monthly income which should not fall below S$7,000 and whose position maintained is managerial, executive or specialist.

In order to attain P2 EP, one must have a fixed monthly earning of more than S$3,500. In addition to that, the applicant or foreigner must have adequate qualifications.

In order to attain Q1 EP, one must have a fixed monthly income of more than S$2,500. The applicant or foreigner must also have striking qualifications.

Once the EP is issued, the foreigners may apply for Dependent Pass or Long-Term Visit Pass for their family members.

AsiaBizSetup is a leading corporate services firm that assists entrepreneurs and investors with Singapore company setup including Singapore employment pass application in behalf of the foreign entrepreneur and other corporate services. The firm provides a range of services to assist the success of the Singapore offshore company, including opening Singapore corporate bank accounts.