Singapore Visa
Visa Assistance
The government of Singapore provides a range of visa types. Any foreign individuals planning to work in Singapore need to secure a valid pass, commonly referred to as a work visa, before commencing work. When hiring foreigners to work in Singapore, it’s essential that they possess a valid pass. Premia TNC offers services pertaining to Singapore visas.
To employ foreign personnel, the employer must seek a work visa from the Ministry of Manpower (“MOM”). The MOM assesses the application based on various factors such as the nature of the company’s business, the candidate’s salary, track records, work experience, skills, and the reputation of their educational institutions, among others.
Variety of Visas in Singapore
Employment Pass (EP)
The EP allows foreign professionals, managers, and executives to secure employment in Singapore. An EP candidate must have a fixed monthly income of at least S$5,000 and possess satisfactory qualifications, generally signifying a commendable university degree, professional qualifications, or specialised skills. The salary requirements for older and more seasoned EP candidates are scaled accordingly. The EP application is only permissible post the company’s incorporation. There’s no requirement for the applicant to be physically present in Singapore during the application process.
S Pass (SP)
The S Pass enables mid-level foreign employees to work in Singapore. An S Pass applicant must earn a fixed monthly salary of at least S$3,000 and present relevant qualifications and work experience. The salary should correspond with their work experience. Older, more experienced applicants necessitate higher salaries to qualify.
Dependant’s Pass (DP)
The DP visa permits spouses and children (legally wedded spouse or unmarried children under 21 years) of EP or SP holders to accompany them in Singapore. The applicant must provide proof validating the relationship. If DP holders wish to work in Singapore, they’ll need to apply for a work pass, adhering to the qualifying salaries, quotas, and levies of the respective work passes.
Global Investor Programme (GIP)
The GIP grants an opportunity to secure a Singapore Permanent Resident status (PR) and is suitable for global investors planning to propel their business and investment growth from Singapore. To qualify, the applicant must have an impressive business track record and successful entrepreneurial background.
The GIP scheme offers the foreigner a choice between the following investment options.
Option A: Invest S$2.5 million in a new business entity or towards the expansion of an existing business operation.
Option B: Invest S$2.5 million in a GIP fund that channels investments into Singapore-based companies.
Option C: Invest S$2.5 million in a new or pre-existing Singapore-based single family office with Assets-Under-Management (AUM) of at least S$200 million.
Eligibility for the above options
Established Business Proprietors
- You must demonstrate at least 3 years of entrepreneurial and business track record;
- You must presently operate a company with an annual turnover of at least S$200 million in the year immediately preceding your application, and at least S$200 million per annum on average for the trio of years directly prior to your application submission;
- If your company is privately owned, you must hold at least 30% shareholding in the company; AND
- Your company must be involved in one or more of the required industries.
Succeeding Generation Business Leaders
- Your immediate family should own at least a 30% stake or be the primary shareholder in the company that forms the basis of your qualification;
- The company must have a minimum annual turnover of S$500 million in the year directly prior to your application, and an average annual turnover of S$500 million for the three years directly prior to your application;
- You should hold a position on the company’s management team (for instance, a C-suite position or a seat on the Board of Directors); AND
- Your company must be involved in one or more of the stipulated industries.
Originators of Rapidly Expanding Enterprises
- You must be a founder and one of the most significant individual shareholders in a company valued at no less than S$500 million;
- Your company must have attracted investments from credible Venture Capital/Private Equity firms; AND
- Your company must operate within one or more of the defined industries.
Principals of Family Offices
- You should have at least a 5-year track record in entrepreneurship, investment, or management; AND
- Your net investable assets should be no less than S$200 million.
(Note: Net Investable Assets comprise all financial assets such as bank deposits, capital market products, collective investment schemes, premiums paid towards life insurance policies and other investment products, excluding property.)
Visa Facilitation Services at Premia TNC
Regardless of whether you’re exploring options for an S Pass, Dependent’s Pass, Employment Pass, or the Global Investor Programme, our comprehensive visa services and dedicated team of experts are equipped to ensure a smooth Singapore visa application experience. If you’re in need of visa application services in Singapore, do not hesitate to get in touch with us today.
Commonly Asked Questions
Generally, once a work pass application is lodged with the Ministry of Manpower (MOM), it typically takes about 3 weeks for the review process and the result will be communicated via email. However, if the MOM requires additional supporting information for your application, the process may take longer and is contingent upon final approval.
Typically, a Singapore work pass is valid for a period of 2 years. However, the duration may be shortened depending on the expiry 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]
