Singapore is a very welcoming country to foreign citizens seeking to relocate here for employment purposes. During the years, the Ministry of Manpower has enabled various types of work visas for foreign workers. These permits help both the employees and Singapore companies searching for highly-skilled individuals.
One of these permits is the personalized employment pass (PEP) which is different from the other work permits because it allows a foreigner to apply directly for it. Also, the Singapore personalized employment pass does not cover investors interested in company registration in Singapore.
Our company formation experts in Singapore can assist foreign investors interested in starting a business here.
The Singapore PEP falls under the regulations of the Conditions of Work Pass Act and the Employment of Foreign Manpower Law and is destined for highly-skilled individuals. Holders of Singapore work permits earning a monthly wage of 12,000 SGD may also apply for a personalized employment visa. As for foreigners, professionals with a monthly salary of 18,000 SGD are allowed to apply for a personalized employment pass in Singapore. The total salary for a whole year must be at least 144,000 SGD in order to be eligible for a Singapore personalized work permit.
The PEP has a 3-year validity period and cannot be renewed. Our Singapore company formation consultants can offer information on the employment legislation applicable in the city-state. They can also assist foreign investors who want to open a company in Singapore.
Foreign professionals interested in applying for a personalized employment visa must prepare the following documents:
Foreign citizens working in Singapore companies must also submit information about their current employers. Upon the expiry of the personalized employment pass, a foreign worker may apply for a regular work permit or even for a residence permit.
If you would like to open a company in Singapore and need information about hiring foreign employees, please contact our company formation agents.