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Overview

The Singapore government offers various types of visas. All foreigners who intend to work in Singapore must have a valid pass (commonly known as a work visa) before starting work. If you are engaging foreigners to work in Singapore, you must ensure that they hold a valid pass. Premia TNC provides Singapore visa services.

In order to hire foreign employees, the employer is required to apply for a work visa from the Ministry of Manpower (“MOM”).

MOM will review the application and come to a decision based on the business nature of the company, as well as the candidate’s salary, track records, work experience, skill sets and rankings of educational institutions, among others.

Types of Visas in Singapore

Employment Pass (EP)

An EP allows foreign professionals, managers and executives to work in Singapore. The salary criteria for older and more experienced EP candidates will be raised in tandem. The EP application can only be made after the company has been incorporated. It is not necessary to be physically present in Singapore while the application is being processed.

To qualify for an Employment Pass (EP), the candidates must successfully undergo the two-stages as followings:

Stage 1:

Ensure that your earnings meet the Employment Pass (EP) qualifying salary, which is aligned with the top 1/3 of local PMET (Professionals, Managers, Executives, and Technicians) salaries based on age.

Stage 2:

Pass the points-based Complementarity Assessment Framework (COMPASS), unless exempted.

It is important to note that candidates failing to meet the criteria of stage 1 will be deemed ineligible for an EP, irrespective of their points score within COMPASS. This two-stage eligibility framework is applicable to new EP applications submitted on September 1, 2023, as well as renewals of EPs set to expire on September 1, 2024.

S Pass (SP)

An S Pass allows mid-skilled foreign employees to work in Singapore. The S Pass applicant needs to earn a fixed monthly salary of at least S$3,150 and have relevant qualifications and work experience. The salary should reflect their work experience. Older, more experienced applicants need higher salaries to qualify.

Dependant’s Pass (DP)

A DP visa allows spouses and children (legally married spouse or unmarried children under 21 years) of EP or SP holders to join them in Singapore. The applicant is required to provide relevant proof of relationship. DP holders will need to apply for a work pass if they wish to work in Singapore. The relevant qualifying salaries, quotas and levies of the respective work passes will apply.

Global Investor Programme (GIP)

The GIP allows one to acquire a Singapore Permanent Resident status (PR). It is eligible for global investors who intend to drive their businesses and investment growth from Singapore. The applicant will need to have a substantial business track record and successful entrepreneurial background to qualify.

Under the GIP scheme, the foreigner can choose either one of the following investment options.

Option A:

Invest S$10 million in a new business entity or in the expansion of an existing business operation.

Option B:

Invest S$25 million in a GIP fund that invests in Singapore-based companies.

Option C:

Invest S$50 million in a new or existing Singapore-based single family office having Assets-Under-Management (AUM) of at least S$200 million.

Eligibility for the above options

Investment Options: A or B or C

Established Business Owners

  • You must possess at least 3 years of entrepreneurial and business track record;
  • You should currently be running 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 three years immediately preceding your application;
  • If your company is privately held , you should have at least 30% shareholding in the company; AND
  • Your company must be engaged in one or more of the industries as required.

Next Generation Business Owners

  • Your immediate family should have at least 30% shareholding or is the largest shareholder in the company you use to qualify;
  • This company’s annual turnover must be at least S$500 million in the year immediately preceding your application, and at least S$500 million per annum on average for the three years immediately preceding your application;
  • You must be part of the management team of the company (e.g. C-suite / Board of Directors); AND
  • Your company must be engaged in one or more of the industries as required.

Founders of Fast Growth Companies

  • You must be a founder and one of the largest individual shareholders of a company with a valuation of at least S$500 million;
  • Your company must be invested in by reputable Venture Capital /Private Equity firms; AND
  • Your company must be engaged in one or more of the industries as required.

Investment Options: C

Family Office Principals

  • You must possess at least 5 years of entrepreneurial, investment or management track record; AND
  • You must have net investable assets of at least S$200 million.

(NB: Net Investable Assets include all financial assets, such as bank deposits, capital market products, collective investment schemes, premiums paid in respect of life insurance policies and other investment products, excluding real estate.)

Singapore Visa Services at Premia TNC

Whether you are considering an S Pass, Dependent’s Pass, Employment Pass or the Global Investor Programme,our full suite of visa services and team of specialists can help make your Singapore visa application process seamless.

If you are looking for visa application services in Singapore, be sure to reach out to us today.

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Frequently Asked Questions

Visa Services

1. What is the average processing time for a Singapore work visa?

In general, after the work pass application has been submitted to the Ministry of Manpower (MOM), it usually takes approximately 3 weeks for their reviewing and the outcome shall be notified via email.

However, it will take longer if MOM needs more information to support your application request which is subject to final approval.

2. How long is a Singapore work visa valid for?

A Singapore work pass is normally valid for 2 years. However, the validity period might be shorter depending on the expiry date of your passport.