Singapore is an open economy with
firm presence in manufacturing sector and other services. The main engine of
growth of the economy is manufacturing, especially electronics. The second
largest manufacturing sector is the chemical industry. Singapore is also known
for its petroleum-refining center which is the third largest sector in the
world. The workers of Singapore are among the best employees in the world
because of their productivity, technical skills and work attitude. They are
dedicated, hardworking and are keen to upgrade their knowledge and skills.
Working in Singapore has been a
dream for many people living overseas. Singapore has always been providing
great opportunities for the foreign workers to visit and work in Singapore.
Foreign talents continue to be an important resource because many companies
confront problems hiring suitable staff to facilitate locally and regionally for replacement requirements or expanding businesses.
For experiencing the true
potential of Singapore as a business center, non-Singaporean citizens need to
have an employment pass.
This is a working pass that is issued by Singapore's
Ministry of Manpower to the competent workers, managers, professionals, entrepreneurs or business holders. Singapore being one of the world’s largest
business centers follows some regulations while offering employment passes. The
work pass provides you with the opportunity of living and employing. This helps
in eradicating chances of illegal businesses.
Who should apply for an Employment Pass?
The Work Permit (WP) or
Employment Pass is for foreigners who:
·
Want to work in Singapore
·
Belong to an approved source country (depending
on the sector where the worker will be employed in).
The following demands will make
you eligible to apply for Work Pass:
1. Hiring
foreign staff for Singapore Company. In this case, you will need to file a Work
Pass application for each employee.
2. You
are the owner or director of a Singapore company and wish to relocate to
Singapore to run your business.
Following are the important factors
and necessities for an Employment Pass:
1. A
monthly fixed salary exceeding S$ 2,500.
2. Degree
from a reputable institute and professional experience in the relevant field.
3. No
quota system. Authorities consider applications on the basis of the requirement
neededby the employing company.
Types of employment pass in Singapore
There are three types of pass:
P1, P2 and Q Pass.
a) P1
–for those applicants who will be earning a salary equal to or greater than SGD 8,000 SGD a month
b) P2
– for applicants earning a salary equal to or greater than SGD 4,500 monthly base
salary
c) Q
– for applicantsearning betweenSGD 2,500 -3,300 in a month.
Work pass lasts for up to two
years and it can be renewed only if you are still employed in Singapore.
Employers can get permanent residence after working a number of years in
Singapore.
You can also search the internet for more
detailed information related to the process of getting Work Pass. If you do not
know where to look then, log on to http://immigration.sg/ for a
much detailed and comprehensive understanding of the processes and the
requirements that you need to fulfil for getting a work pass.
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