Relocation to Singapore

Relocation

WORK PASS

There are four types of Singapore work permit for foreigners:

• Employment Pass (EP)

  • For skilled employees who earn a fixed monthly salary of at least $3,000 (w.e.f. 1 January 2012)

  • Validity: typically 1-2 years.

• Entrepreneur Pass (EntrePass)

  • For owners of newly incorporated Singapore companies who wishes to relocate to Singapore to operate

  • their new business.

  • Validity: typically 1-2 years.

• S Pass

  • For mid-skilled employees who earn a fixed monthly salary of at least $2,000 (w.e.f. 1 July 2011)

  • Validity: typically 1-2 years and subjected to quota system.

• Personalized Employment Pass (PEP)

  • A special type of Employment Pass that is not tied to a specific employer. You can switch jobs without

  • re-applying for a new employment pass provided that you are not unemployed for more than six months.

  • Validity: 5 years and non-renewable.

PERMANENT RESIDENCE (PR)

• • Benefits

  • Eligible for a range of perks

  • Ability to travel in and out of the country freely

  • Priority entry to Singapore's public education system for school-going children

  • Eligible for Employer's CPF contribution

  • Can change jobs without re-applying for a work permit

  • Drawbacks

  • Compulsory on your sons (if they are also PRs) once they reach 18 years old to attend military service

• Scheme

  • PR scheme for individuals working in Singapore (PTS Scheme) - estimated 95%

  • PR scheme for capital investors - invest at least $2.5 million in business or GIP-approved fund.

  • PR scheme for artistic talent for arts, photography, dance, music, theater, literature and film.

  • Singapore landed permanent residence scheme (LPR) - individuals with top notch education or professional background.

CITIZENSHIP

• • Benefits

  • Singapore passport travel freedom

  • Employment rewards

  • Housing

  • Drawbacks

  • No dual citizenship

ABOUT SINGAPORE

• • Quality of life