Difference B/W E-Pass & Entrepreneur Pass

E-Pass

The E-Pass for Singapore enables the foreign professionals to be able to work in Singapore. It goes for the foreign workers who make a fixed earning of a minimum of $3,000 and have suitable qualifications. The employers shall make applications for the E-Passes on the behalf of a job candidate. If there is any kind of change of employer, then it will need a new application.

It is the best way for the skilled workers who want to get employment in Singapore and give some contribution to society and economy of Singapore in a great way.

Requirements for the E-Pass

The primary requirements for the E-Pass visa consist of the following:

·         As taken effect on January 1 2012, the employee shall earn at least S$3,000 and more than that every month.

·         Another requirement is a tertiary recognized degree from a decent and a respectable university or even college and some relevant work experience. Your strong work experience and decent salary might compensate for the lack of education. The employment you wish to take in Singapore shall also be relevant to the previous experience and education.

·         The requirement of the minimum salary of S$3,000 is usually applicable to the graduates who are fresh and the ones who have passed from a good institute. However, the candidates who are well experienced will likely have to earn higher salaries to qualify.

·         There is no such quota system. Every application is reviewed by the authorities depending on the credentials of the applicant and the employing company.

The salary division of the E-Passes is as follows

P1 Pass is for the applicants who have a basic salary of S$8,000 every month

P2 Pass is for the applicants who have a basic salary of S$4,500 and in between S$8,000 every month

Q1 Pass is for the applicants who have a basic salary in the range of S$3,000 to S$4,500 every month.

Personalized E-Pass

Holders of Personalized E-Pass can typically take work in any of the sector and they do not require to re-apply for a new pass when they change the jobs.

S-Pass

It is for the mid-level skilled workers from foreign countries who want to live and then work in Singapore and then they can apply for the S Pass.

Entrepreneur Pass

The Singapore Entrepreneur Pass is focused on the foreign investors who want to invest in the thriving economy of Singapore. You might apply for an Entre Pass if you are completely ready to begin and operate your own new business in Singapore. The applicants have to fill the following requirements.

·         The company has to be a private limited company that is registered with the corporate and accounting regulatory authority.

·         Applicants do not require to register the company first. If it is registered, it shall not be above 6 months from the application date.

·         Company should have a minimum of $50,000 of paid up capital.

·         It has to have a bank statement from the Singapore bank account.

 
immigration.sg is a website that tells you about all the Epasses and Entre passes and other work permits you might need.

Factors That Lead To Immigration

Immigrating into a new country is all over a new thing. Everything is completely new, new country, new people, new rules and everything. This means a new life altogether. However, there are certain factors that lead to immigration that you should be aware of and they are as follows:

Financially stable future: If you see with an economical point of view, the pictures is certainly clearer. People immigrate just to get financial stability and a better future. It is as simple as that. For instance if another country is providing better anticipations for future, better wages and a great lifestyle, then any person will surely think of immigrating to that country.

High living standards:  There are some people who put high emphasis on the high living standards. It is usually seen that the parents send their children to foreign countries to get a better lifestyle. The truth is that they try their best to offer a better career prospect and a lifestyle to the children that they cannot acquire themselves. This is why Immigration is the best answer for them.

Education:  other countries are attired with a big range of educational chances. Whether it is a top university, school, college or any institute, students can enroll themselves in any of them according to their preference levels.

Beginning of a series: if you believe sociologists, then it is referred to as a chain of events. The first person goes out, then tells his loved ones how happy   he is and listening to that others even immigrate to that same country.

Political reasons:  a huge range of political conditions and reasons are linked with immigration. People usually immigrate to manage and maintain a global presence amongst several countries. In addition, some think that the political conditions in their native country are not good or that they are not provided with complete political freedom and then this is why they immigrate.  Some immigrate to get a new recognition and identity.

Marriage: Some people immigrate because they have or they are about to get married to the citizen of that foreign country and hence they have to shift to that country and this means immigration. People move to the country to get married to that person and then live with them. 

Every person has a different personality. Work oriented people and extroverts are more likely to immigrate themselves in comparison with those who are introvert and even family oriented. The introverts have high possibilities of immigrating with their families. 

These are the factors that lead to immigration. Some of them are controllable and some of them are not. Many people have their personal reasons as well to immigrate as they are not liking the life in their native country and the foreign life seems attractive to them. This is why take the option of immigrating and live in some other countries.

Reasons For Migration To Singapore

Are you thinking to migrate to other portions of the world and want to begin a new chapter of your life or are you moving as to search for a job? If you are searching for a decent job and a place where you can live easily, then Singapore is the place that is recommended. In accordance with a survey, Singapore was considered as the best city in the whole world for the Asian Expatriates to live in. There are many reasons for selecting Singapore to work in.

Strong Law

In Singapore, you will never get to see strikes, protests and riots on the streets. This is because of the tough law enforcement by the police. Anybody who is caught involved in any such event will be fined and jailed. Currently, the death penalty even exists in Singapore and any body who is caught doing drug trafficking or committed in a murder, then he will sentenced to death.

One more advantage of residing in Singapore is that it is safe to walk alone in the streets at any time. Although crime does occur, but the rates are low compared to other countries.

Climate 

Peaceful environment is another reason for migrating to Singapore. There are no events like natural disasters such as typhoons, earthquakes and winter coldness.  All you get is either shine or rain. But the AC is really powerful. 

Networking

Using the geographical location of this country, many small and big organizations set up their basis to get access to other portions of Middle East  and Asia. It is even being also being utilized as a Gateway.  Even the companies that are from China are setting up their offices in Singapore to access the markets that are in the USA and even Europe. They are doing it partly to benefit from the Free Trade Agreements that is signed between Singapore and these countries. Also the foreign workers are making use of the small country as a stepping stone to get work experiences and to improve their English so that they can even move on to other developed countries like Australia, Europe and USA.

Immigration Rules

Are you aware that Singapore is amongst the countries that have the minimum strict immigration rules? Anybody can easily come to Singapore as long they have obtained the documents or passes.

Transport

You can travel from one side of Singapore to the other side in just an hour. The transport system and facility here covers the entire country and you do not need to own a car for traveling. Public Transport takes into account MRT trains, cabs and buses. Even if you possess a car, the roads are connected well.

Education

The education system caters the needs of all the students. There are many colleges, schools and universities for the ones who want to study in Singapore. There is even a sports school for the ones who are good in sports.

How can you win your Entrepreneur Pass?

We, the Immigration consultancy service of Singapore has decided to facilitate foreigners such as job seekers, students and investors with significant information about Employment Pass, Student Visas and Entrepreneur Pass Application. In the current article, we will define the process of Entrepreneur Pass Application approval. We hope that after reading it, you would be able to apply with confidence. However, you can contact Immigration consultancy service, if you have any issue or misconception.

What to do in the beginning

Being a foreigner, you can take advantages from Entrepreneur Pass scheme. In this regard, before incorporating any Singaporean organization, you can forward an Entrepreneur Pass application and after the outcome of your application, you would have to submit the fee of incorporation. Subsequently, when your application is approved, you would have a buffering time of 30 days to invest the allocated amount by investing in shares within the proposed incorporated company.

What other advantages you would have

After the approval of application and your investment in the shares, you would become eligible to bring your children and spouse but the male children should be less than 21 years of age. Then you can apply for their Dependent Pass. Noticeably, now you are also eligible for permanent residence in Singapore.

The qualifying criteria

1.      To apply for Entrepreneur Pass, your age should be 21 or greater

2.      $50,000 is the minimum paid up amount to the company

3.      You must have minimum 30% share holdings in any business

4.      For entrepreneur pass you must have previous background or experience

5.      You want to settle in Singapore because you want to manage your business there but your business should be very unique in nature and local people can get jobs in your innovative business

6.      An approved application from Singaporean recognized bank and you will have to provide $3,000 bank guarantee

7.      You are being sponsored by a well-established Singaporean Company

8.      From an angel investor or a third party Venture Capital qualified by Singaporean Government Agency, the company should receive monetary fund or investment of at least $100,00

9.      The Company must have an Intellectual Property that can be registered and verified by national Intellectual Property Institution

10.  The Company must have an incessant partnership with any Singaporean institution that has been recognized by A*STAR (Agency for Science, Technology, and Research) or Institute of Higher Learning in Singapore.

 11. The Company should be at a Singapore Government supported incubator

If you are an entrepreneur, you have been provided relevant and important information regarding your application process. We are sure, if you keep in mind all these details prior to apply and try to complete all the missing requirements, you would be successful. Nonetheless, do not worry, if you have still some worries because in that case our Immigration consultancy service would love to help you.

We are always there to help you out!

We are providing you all the relevant information such as processing timeline, eligibility requirements, and application procedure. However, there is a possibility that you may not find all the information due to lack of space. In that case, you can call us or contact us through our website. Clearly, we are just a click away from you!
E-Pass or Employment Pass is a legal requirement in Singapore for foreigners prior to start work. Noticeably, managers, executives and other professionals can get better opportunities in Singapore. Moreover, foreigners who have an offer of a job or they are keen to work in a good environment with better salary package should keep in mind that their salary must be at least $3,300 to apply for Employment Pass. The eligibility criteria for applying are simple and least salary limitation has been mentioned above.
Similarly, graduate from authentic institutions can also apply, if they have appropriate qualifications and earn $3,300. However, older applicants must have higher salaries that can meet their qualification and experience.

SAT (Self-Assessment Tool)
Moreover, there is an online Self-Assessment Tool (SAT) is available and you can use it to check your eligibility. This tool is very useful and precisely indicates whether you can qualify or not. Obviously, if SAT indicates that you are not eligible for the application, you should not apply unless you fulfil the required criteria. Therefore, we also encourage you to use this tool. Nonetheless, if you have any confusion, you can call us and we will help you in the assessment. Definitely, SAT always considers companies with good profile and with sufficient capital. Similarly, the applicants are selected.

Can you submit application yourself?
Legally, you cannot submit application yourself. Either the employer or the appointment has the right to submit your application. However, if the employer of the applicant has no registered office in Singapore and it is based in overseas then there will be the requirement of Singapore registered company that can sponsor the applicant on its behalf. Furthermore, in the issuance of E-Pass no quota system or limitation exists; therefore, a company can ask for as many as needed.

Usually, for the period of 1 or 2 years E-Pass is issued and can be renewed after that. E-Pass is very important to work in Singapore; in addition, it opens the way for PR (Permanent Resident) eligibility. Therefore, you should give it due importance and do not file your case without expert consultancy. Obviously, your future is at stake. To secure your future, you should contact us at your earliest because we are one of the best regarding issues of immigration and for your job search problems.

We are always there to help you out!
Our immigration service is providing you all these information so that you can understand the eligibility parameters prior to apply; thus, you can avoid any mishap or disappointment regarding your application filing. However, if you are still not sure about the contents, you can freely contact us. We would love to help you in your journey of E-Pass acquisition. We are sure after that you would not face any hindrance to achieve E-Pass.