What Type Of Work Permit Should You Get In Singapore?
Numerous tax freedom opportunities and appealing incentives are given by Singapore to international companies who plan to invest in the city-state. Moreover, Singapore is a nation that has creative policies and ordinances for immigration. Due to these, Singapore is favored by foreign entrepreneurs and professionals as a place where they can establish their businesses and/or find work.
For a person to legally work in Singapore, one must obtain a work permit from the Singapore government. This article provides an overview of the various types of work permits given to foreign nationals who are working - or who wish to work - in Singapore.
Employment Pass (EP): This work permit is granted to entrepreneurs or employees who work in Singapore. For an immigrant to be granted an Employment Pass, he or she must have a degree from a respectable university and his or her set wage rate must be above SG$2500.00 per month. This work permit is valid for 1 to 2 years and can be renewed.
Entrepreneur Pass (EntrePass): Some entrepreneurs may not have achieved an academic degree but would still like to put up businesses in Singapore; in this case, they are granted the Entrepreneur Pass. The EntrePass is valid for one to 2 years and is renewable considering that as the business enterprise is still viable.
S Pass: As long as a mid-level immigrant worker’s employer meets the eligibility quota required by the Singapore government, the professional can be issued an S Pass. Moreover, the immigrant professional must at the minimum be a holder of a technical diploma and earns a fixed wage of SGD1800.00 on a monthly basis. The S Pass is valid for 1 to two years and is renewed as long as the employee is still working with the employer.
Miscellaneous Work Pass: The Miscellaneous Work Pass is granted to foreigners who are on short-term work assignments in Singapore. Examples of these momentary assignments are workshops, seminars, and/or conferences.
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