Acquiring a multinational career path is beneficial not just to your resume but may also open opportunities for you in the future. According to the World Economic Forum’s Global Competitiveness Report 2019, Singapore is ranked first in the world for corporate ethics, as well as hiring and firing policies.
In addition, according to the Singapore Salary & Employment Insights Report by recruitment agency Hudson, roughly 53% of businesses questioned plans to raise salaries by 3–5% in the following year. If this sounds appealing, you should plan a trip to Singapore.
However, to work lawfully in Singapore, you must have a valid work visa. Except for the Personalized Employment Pass (PEP), all work visas are related to the employer. As a result, any change in your working status will necessitate a modification in your work visa.
Your qualifications and experience determine your visa possibilities. In this article, we’ll go through the most frequent ways for professionals to work and migrate to Singapore.
Singapore Permanent Residency (PR)
As a newbie or a foreign national wishing to migrate to Singapore and establish permanent residency, there are several avenues and options available to you. However, which path you take is determined by the criteria and qualifications you’ve obtained.
This article delves into a quick summary of the advantages of becoming a Singapore permanent resident (PR). It also goes over the steps to obtaining permanent residency in Singapore, as well as the main avenues to permanent residence in Singapore.
Permanent Residency In Singapore: Advantages
- You are free to travel in and out of Singapore without the requirement to apply for or obtain a Singapore travel visa. You will be given a blue card that can be used as identification.
- You can include your spouse or children under the age of 21 in your application for permanent residency.
- For your parents, you can apply for a long-stay visa.
- In Singapore, you can change occupations at any time without needing a work permit.
- After a certain number of years of permanent residency, you can apply for Singapore citizenship and take advantage of a variety of other benefits.
How To Become A Permanent Resident Of Singapore
- If you’re the spouse of a Singapore citizen or permanent resident, you can apply to become a permanent resident of Singapore.
- Suppose you’re an unmarried child under the age of 21 who was born in the context of legal marriage to, or has been legally adopted by, a Singapore citizen or permanent resident. In that case, you can also become a permanent resident of Singapore.
- If you’re an elderly parent of a Singapore citizen, you can also apply to become a permanent residence.
- Additionally, if you have an SP or EP, you can become a permanent resident.
- Studying in Singapore as a student can lead to permanent residency in Singapore.
- You can also apply for a PR if you are an investor in Singapore.
What Are The Different Ways To Get To Singapore?
Singapore is one of the few countries in the world that welcomes newcomers with open arms. As a result, the number of immigrants in this country has risen in recent years. There are mainly four types of work visas for Singapore:
This option is only for professionals with a high level of expertise. It is usually valid for two years for first time applicants and can be renewed for up to 3 years. If the applicant has changed occupations, the new employer is responsible for providing the employment pass.
An EP holder can bring their family to Singapore depending on their pay. For example, applicants who earn $6000 per month or more can bring their spouse and children whereas those who earn $12000 or more can bring their parents.
The following are the eligibility requirements:
- A minimum monthly salary of $4500 is required
- With increasing experience, the minimum pay should rise
- It’s crucial to have the necessary educational qualifications
- Relevant work experience is also a must.
Entrepreneur Pass (EntrePass)
This is for candidates interested in starting a business in Singapore. It’s a two-year pass that can be renewed. An EntrePass holder can only bring apply for a DP or LTVP for their family if they meet the requirements for total annual business spending and local employment.
The following are the eligibility criteria:
- Minimum age of 21 is required
- It is critical to have relevant education and experience
- At least a 30% stake in the new business
- Local employment should be a priority for the company
- The Accounting and Corporate Regulatory Authority (ACRA) should be notified of the company’s existence
- If it’s a new company, the standards are more stringent:
- Accredited venture capitalists should fund it.
- Intellectual property should be of high quality.
- Collaboration with state-funded research is required.
- Collaborate with a government-backed incubator
Personalised Employment Pass
It’s a unique pass reserved for high-earning professions. The ability to alter occupations is one of the benefits of this pass. As a result, you are not bound to a single employer.
The permit is good for three years, and it allows people to stay in Singapore for up to six months without having to work. Applicants are also permitted to bring their families into the country. This pass, however, cannot be renewed.
The following are the eligibility requirements:
- For a overseas applicant with a minimum monthly salary of $18,000 per month
- For a valid EP holder, the monthly salary should at least be $12,000.
Candidates who want to apply for Immigration to Singapore but aren’t quite qualified can use the S pass. A corporation can only employ a certain number of individuals on the S pass based on their quota. The S pass is good for two years and can be renewed for another three.
The following criteria apply:
- A monthly income of at least $2,500
- Should have the relevant degree or diploma. A technical certificate with at least 1 year of full-time study is also considered.
Relocating To Be Closer To Family
With a Dependant’s Pass, migrants with an EP, PEP, or S Pass can bring their legal spouse and dependent children to Singapore. A Long Term Visit Pass allows stepchildren, a common-law spouse, and disabled children over the age of 21 years to migrate to Singapore.