Kinds of Work Passes in Singapore

Posted by InCorp Global on December 11th, 2020

Employment Pass and Personalised Employment Pass

The Singapore Employment Pass is designed for managers, executives, specialists and skilled professionals. Entrepreneurs who incorporate  company in Singapore may also apply for an EP if they wish to relocate for the management of operations. There is no limit on the number of EPs one business can apply for, but individual candidates must earn at least S,500 (effective 1 Sept 2020). The qualifying salaries for EP candidates in their 40s should be around double the minimum qualifying salary for the youngest applicants.

From 1 December 2020 onwards, the minimum qualifying salary for EPs in the Financial Services sector is further raised to ,000 for new applicants.

The Personalised Employment Pass (PEP) is only issued to candidates at the highest level. Pass holders will enjoy the freedom to switch between jobs and pursue new opportunities, as long as their minimum salary is at least S4,000 per annum.

S Pass & Work Permit

The S Pass is designed for mid-level foreign workers with a minimum salary of $S2,500 (from 1 October 2020). Applicants are judged on a point-based system that considers salary, education level, relevant skills, job type and work experience. The number of S Pass holders your company can employ is determined by your industry’s Dependency Ratio Ceiling (DRC).

For basic-skilled workers earning ,500 or less, employers may apply for a Work Permit (WP) with a maximum duration of two years, subject to the employee’s passport validity and a Banker’s Guarantee. Employees may only be selected from approved source countries.

Read more about types of work passes in Singapore at InCorp Global.