Visa Services in Singapore

The Singaporean government extends a range of visa options for foreigners. Individuals intending to work in Singapore are obligated to obtain a valid pass, commonly referred to as a work visa, prior to commencing employment. 

Employers engaging foreign workers are responsible for ensuring the possession of a valid pass. Premia TNC facilitates Singapore visa services.

To employ foreign personnel, employers are mandated to apply for a work visa through the Ministry of Manpower (“MOM”). The MOM evaluates applications, considering factors such as the company’s business nature, candidate’s salary, professional track record, work experience, skill sets, and educational institution rankings. Subsequent to this assessment, the MOM makes a decision regarding the visa application.

Singapore Visa Categories

Employment Pass (EP)

The Employment Pass (EP) enables foreign professionals, managers, and executives to engage in employment within Singapore. To qualify for an EP, the applicant will need to pass a 2-stage eligibility framework:

Stage 1

Earn at least the EP qualifying salary, which is benchmarked to the top 1/3 of local PMET salaries by age.

Stage 2

Unless exempted, pass the points-based Complementarity Assessment Framework (COMPASS).

Note:

  • Candidates who do not meet stage 1 will not be eligible for an EP, regardless of the points they would have scored under COMPASS.
  • The 2-stage eligibility framework applies to new EP applications from 1 September 2023, and renewals of EPs expiring from 1 September 2024.

It is important to note that the EP application can only be submitted after the company has been incorporated, and physical presence in Singapore is not mandatory during the processing period.

S Pass (SP)

The S Pass facilitates employment for mid-skilled foreign workers in Singapore. To be eligible, applicants must earn a minimum fixed monthly salary of S$3,150, possess relevant qualifications, and demonstrate work experience. Salaries are expected to align with the applicants’ work experience, and older, more experienced individuals may require higher salaries to meet eligibility criteria.

Dependant’s Pass (DP)

The Dependant Pass (DP) permits spouses and children (legally married spouses or unmarried children under 21 years) of EP or SP holders to reside in Singapore. Applicants must furnish appropriate evidence of their relationship. DP holders seeking employment in Singapore must apply for a work pass, subject to the qualifying salaries, quotas, and levies applicable to the respective work passes.

Global Investor Programme (GIP)

The Global Investor Program (GIP) enables individuals to attain Singapore Permanent Resident Status (PR). Targeted at global investors aiming to fuel business and investment growth in Singapore, eligibility requires a significant business track record and a successful entrepreneurial background for the applicant.

Within the GIP scheme, the foreigner can opt for one of the following investment choices.

Choice A: 

Commit S$2.5 million to either establish a new business entity or expand an existing business operation.

Choice B:

Allocate S$2.5 million to a GIP fund focused on investing in companies based in Singapore.

Choice C: 

Commit S$2.5 million to either establish a new or support an existing single-family office based in Singapore, with a minimum Assets Under Management (AUM) of S$200 million.

Qualifications for the Aforementioned Choices

Investment Choice: A, B, or C

For established business owners to qualify:

  1. Demonstrate a minimum of 3 years of entrepreneurial and business experience.
  2. Actively manage a company with an annual turnover of at least S$200 million in the year preceding your application and an average annual turnover of at least S$200 million over the three years before your application.
  3. If your company is privately held, maintain a minimum 30% shareholding.
  4. Ensure your company operates in one or more of the specified industries.

Investment Choice: A, B, or C

For the next generation of business owners to qualify:

  1. Your immediate family must hold a minimum of a 30% shareholding or be the largest shareholder in the qualifying company.
  2. The company’s annual turnover should be at least S$500 million in the year prior to your application and maintain an average annual turnover of at least S$500 million over the three years preceding your application.
  3. You need to be an integral part of the company’s management team, such as by holding a position in the C-suite or on the Board of Directors.
  4. Ensure that your company operates in one or more of the specified industries.

     

Investment Choice: A, B, or C

For founders of fast-growing companies to qualify:

  1. As a founder, you should be one of the largest individual shareholders in a company valued at a minimum of S$500 million.
  2. Your company should attract investments from reputable venture capital or private equity firms.
  3. Ensure that your company operates in one or more of the specified industries.

Investment Choice: C

For family office principals to qualify:

  1. Demonstrate a minimum of 5 years of entrepreneurial, investment, or management experience.
  2. Have net investable assets totaling at least S$200 million.

Note: Net Investable Assets encompass all financial assets, including bank deposits, capital market products, collective investment schemes, premiums for life insurance policies, and other investment products, excluding real estate.

Explore Singapore Visa Solutions with Premia TNC

Whether you are interested in an S Pass, Dependent’s Pass, Employment Pass, or the Global Investor Programme, our comprehensive range of visa services and dedicated team of specialists can ensure a smooth Singapore visa application process for you.

For top-notch visa application services in Singapore, contact us today.

Frequently Asked Questions

On average, the processing time for a Singapore work visa is around 3 weeks from the submission of the work pass application to the Ministry of Manpower (MOM). The outcome will be communicated through email. 

If additional information is required to support your application, the processing time may be extended, pending final approval.

A Singapore work pass is generally valid for a period of 2 years. It is important to note that the validity may be shorter if it aligns with the expiration date of your passport.

Premia TNC has the optimal solutions for all your business needs.

Get in touch today for a FREE consultation.
No hidden costs, no obligations.

Feel free to drop us an email too!
[email protected]

Premia TNC has the optimal solutions for all your business needs.

Get in touch today for a FREE consultation.
No hidden costs, no obligations.

Feel free to drop us an email too!
[email protected]