A Singapore work visa scheme available for foreign professionals who are employed by s Singapore employer and for foreigners who are business owners is called Employment Pass. Business owners can then apply as employees of their duly incorporated company. In addition, Employment Pass applicants are required to have a good educational background, a credible professional experience and a minimum monthly salary of $ 2,500.
There are three types of Employment Pass, which has been identified by Singapore’s Immigration department that will correspond to different level of applicant’s qualifications. The three types of Employment Pass are the following:
P1 Pass: For a base salary above S$ 7,000 a month.
P2 Pass: For a base salary between S$ 3,500 and S$ 7,000 a month.
Q1 Pass: For a base salary between S$ 2,500 and S$ 3,500 a month.
The following documents are necessary in processing Singapore Employment Pass Application:
1. A duly completed Employment Pass application form.
· The application form must be endorsed by the sponsoring Singapore corporation
· The Singapore corporation’s stamp or seal must be affixed on the application form.
· The form must be signed by both the applicant and the authorized signatory of the sponsoring Singapore corporation.
A copy of the applicant’s educational certificates and past employment testimonials.
Applicant’s passport-size photograph taken within the past three months.
A copy of the personal particulars page of the applicant’s travel document/passport.
A copy of the Business Profile/Instant Information/Registration papers of the sponsoring Singapore corporation.
A copy of the applicant’s resume.
Detailed description of the duties to be performed by the applicant.
Detailed description of activities and/or products of the employing Singapore corporation.
When the listed documents are already completed, you can then proceed to submission in the Singapore Ministry of Manpower (MOM), a government body which processed Employment Pass application. You can either have it through online submission or manual submission. When documents are already submitted, waiting time for application result is usually within four weeks for online applications and 6 weeks for manual applications.
The assurance for the approval of the application is not stated, yet applicant’s chances are high if they are highly educated or they possess a graduate degree from a trustworthy university, if they are earning a fairly high salary (the minim requirement is S$ 2,500 per month); and if the applicant possesses relevant professional experience. The application result would usually range from 4 to 6 weeks.
Rikvin provides a full spectrum of corporate services under one roof for Singapore company registration, assistance to form a Singapore company, accounting, tax, work pass and related compliance services for individuals and companies worldwide.
http://www.cashinmypension.com/ Call: 0800 122 33 24 Discover the Options Available to Cash in Your Personal Or Company Pension Plan More and more people hav…