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Singapore gives appealing incentives and tax exemptions to multinational investors. Moreover, Singapore is a nation that has clear-cut policies and regulations for immigration. Because of these, Singapore is the choice business and commercial hub of entrepreneurs and professionals who originate from all regions of the globe.
In order to lawfully work in Singapore, one should obtain a work permit from the Singapore government. This article gives an overview of the different types of work permits given to foreigners who are working – or who wish to work – in Singapore.
Employment Pass (EP): Company owners and well-educated employees may be granted an EP by the Singapore government. The EP is issued to foreign workers who possess the following qualifications: must hold an academic degree obtained from a respectable university and his or her salary must be more than SG$2500.00 per month. The validity of the Employment pass is one to two years, and may be renewed.
Entrepreneur Pass (EntrePass): This work permit is issued to entrepreneurs who like to put up a business in Singapore, but who may not qualify for an EP because they do not have an academic education. The EntrePass is valid for 1 to two years and can be renewed considering that as the business enterprise is still viable.
S Pass: As long as a mid-level immigrant professional’s employer meets the eligibility quota sought for by the Singapore government, the employee can be granted an S Pass. A worker must have a fixed monthly wage of SGD1800.00 and, instead of being a degree holder, may only have at least a technical diploma. With a validity time of one to 2 years, the S Pass is renewable as long as the individual still works with his or her employer.
Miscellaneous Work Pass: The Miscellaneous Work Pass is granted to foreigners who are in Singapore for brief work assignments, a foreign religious worker or member of the clergy who is a speaker in a seminar, or a member of the media whose presence in the country is not officially sanctioned by the Singaporean government.
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