Rikvin Explains On Work Visa Singapore Requirements
by Rick Steinman Saturday, April 16, 2011
An equal opportunity provider, Singapore welcomes foreigners with various talents and skill-levels. Investors can apply for an Entrepreneur pass and Employment pass, while employment seekers can apply also for an Employment pass, Personalized Employment pass, S pass, and Training pass.
“An Entrepreneur pass is distinctly given to investors who haven’t accomplished their Bachelor’s degree yet. It is also exclusive for an entrepreneurship,” says Rikvin, a Singaporean-company dedicated to aid foreign companies, investors, and employees.
“Once the EntrePass, its shortened form, is released, its holder can register a company in Singapore and occupy the position of a resident director in a private limited company, subsidiary, or a branch office,” Rikvin adds.
The Ministry of Manpower lists down the requirements as having impressive entrepreneurial skills, business proposal, and a minimum capital investment of S$50,000.
“The business proposal must be 10 pages long outlining the business goals, commercial activities, products and services, marketing strategies and management approaches,” chimes Rikvin.
The Employment pass is classified as Q1, P1, and P2 depending on the salary offered and or received monthly in Singapore.
“Q1 requires S$2,800 monthly wages, P2 requires S$4,000, and P1 requires S$8,000,” says Rikvin.
Only registered companies can apply for work visas, thus, they sponsor the application for labor passes for their foreign employees. Meanwhile, for an investor applying for an Employment pass, the company ought to be incorporated first.
As the Employment pass is distinctly given to foreign professionals, it is implied that the applicants have earned a Bachelor’s degree. Among the required documents are Transcript of Records from the alma mater, Employment Testimonials or Certificate of Employment, and curriculum vitae highlighting the career or employment history.
One disadvantage of an Employment pass, however, is the inflexibility. It is tied up to the employing company. So, once the employment is terminated, the holder has one month to find another employment, lest he has to leave Singapore. The Personalized Employment pass or PEP is different.
“The PEP is flexible. It is not tied up to any company in Singapore. Once you have it, you can change employers at any time without having to revoke and renew the work visa. You also have 6 months to find employment in Singapore,” chants Rikvin.
It is also valid for 5 years.
Meanwhile, an S pass is given also to a foreign professional but is given a salary offer of S$2,000. Mostly, the applicant who falls short of a requirement to qualify for a Q1 pass is given an S pass instead.
Rikvin says that the Training Pass is applied by foreign employees and trainees who shall have undergo training in Singapore sponsored by their respective companies.
About the Publisher:
Rikvin has successfully helped foreign and local entrepreneurs form a Singapore company. The company provides complete corporate solutions to investors and entrepreneurs both local and abroad. Among its specializations are Singapore company registration, income tax Singapore and providing professional services relating to financing and compliance services.
Rikvin assures its clients of confidence in dealing with every transaction. Its employees maintain competence and above all, Rikvin’s principles adhere to business ethics and all applicable laws. Its goal is to provide a highly personalized and professional service worthy of our clients loyalty.
“Our phones are answered during business hours by specialists and not by an answering machine. We appreciate the value of your time and understand that a person cannot be replaced by technology. This is especially true when it comes to making important business decisions.”
For more information, visit:
Rikvin PTE LTD
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Lines : (65) 6438 8887
Fax : (65) 6438 2436
Email : email@example.com
Rikvin provides Singapore Company Registration service including securing your Singapore Employment Pass and Singapore EntrePass Visa for Singapore Business Migration.
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