While it’s possible for foreigners to incorporate company in Singapore without requiring to visit Singapore and hence the work pass isn’t required if you are not planning to work in Singapore. However, if you are planning to relocate, work or hire foreign-based employees in Singapore, obtaining a valid work pass is mandatory.
Singapore has work passes that fit any category of employees based, different levels of skills and salaries. In this post, we will be discussing the various Singapore work passes that are available so that you can understand the different available option and choose to proceed further for the kind of pass you would need.
Singapore Employment Pass This is the most preferred Singapore work pass/ employment visa option amongst all the others available and is perfectly fit for foreign professionals, managers and executives. Candidates need to earn at least $3,600 a month and have acceptable qualifications as defined by the Ministry of Manpower. The Singapore Employment Pass is normally issued for 1-2 years at a time and renewable thereafter.
An employment pass enables you to work and live in Singapore, and travel in and out of the country freely without applying for Singapore entry visas. Possessing a Singapore employment pass also opens the door for the potential to becoming a Singapore permanent resident in due course. For more information about Singapore Employment Pass, please read this article.
Singapore EntrePass Singapore entrepreneur pass or EntrePass is a Singapore visa for entrepreneurs who are looking to incorporate company in Singapore. This is government’s attempt to attract foreign businesses and investors to bring innovations and investment in Singapore. The application to EntrePass has to be reviewed and approved by two government bodies – SPRING Singapore and the Ministry of Manpower and hence its relatively more difficult to get than getting a Singapore employment pass. View this articlefor more information about Singapore Entre Pass.
Singapore S Pass The S Pass is a type of work visa designed for mid-level skilled workers employed by companies operating in Singapore. The Singapore S Pass application is reviewed and approved by the ministry of manpower (MOM) based on a point system with consideration for each of the following factors: salary, education qualifications, skills, job type and work experience.
Work Permit for foreign worker There are times when you would like to employ foreign workers in your Singapore company. The work permit has been designed for semi-skilled foreign workers in the construction, manufacturing, marine, process or services sector that are willing to work in Singapore. There is a set of requirements that needs to be fulfilled in order to obtain Singapore work permit. Do take note that the number of S Pass/ Work Permit holders that the Company can apply is limited by a quota (or dependency ratio ceiling) and subject to a levy.
Which Singapore work pass is better? Each of the Singapore work passes has been designed for a specific purpose and hence it entirely depends on the purpose you are willing to locate in Singapore. If the plan is to have a long-term stay or seeking the status of Singapore resident, entrepreneur pass or an employment pass is advisable. Precursor as being a highly acclaimed Singapore company incorporation, accountancy, tax consultancy and corporate service expert offers the advisory and support on Singapore work passes.
For More information visit this link: http://precursor.com.sg/singapore-work-passes-work-permits-foreigners/