Rikvin Provides Services for Singapore Personalised Employment Pass (PEP Singapore) Rikvin, a leading company registration firm in Singapore offers quality assistance for Personalised Employment Pass. This type of work visa was formally introduced on January 1, 2007 by Singapore’s Ministry of Manpower (MOM), which aim is to unbinds Employment Pass holders and non-permanent residents from a specific employer. According to Rikvin, “Personalised Employment Pass (PEP) is the perfect visa if you are a foreigner seeking employment in Singapore but do not want to be engaged contractually to any specific employer for a time period up to five (5) years.” “Note also that PEP is granted by Ministry of Manpower (MOM) based on individual’s merits and professional accomplishments. It does not require the pass holder to have been already engaged by an employer in Singapore. However, note that upon collection of the visa, a new PEP holder has only a maximum of 6 months to seek employment in Singapore. Failure to secure an employment beyond the grace period will result in the work visa being revoked,” Rikvin added. The basic eligibility requirements were also presented, including a minimum salary of S$7,000 per month, a former P1 category Employment Pass holder who resides overseas, a current P1 category Employment Pass holder, a current P2 category Employment Pass holder with at least two years of working experience in a P category of Employment Pass that earns an annual income of at least S$30,000 and a foreign graduate from institutions of higher learning in Singapore that has at least two years of working experience on a P or Q1 category Employment Pass. It was also discussed that PEP Singapore pass holders are not allowed to start their own company in Singapore. However, they are allowed to hold a minority Shareholding in the company including acting as one of the Directors. Rikvin also said that PEP couldn’t be renewed after the five years has been consumed. After five years, you are given the option to continue working and living in Singapore with an Employment Pass or apply for Singapore permanent residence. You can also choose to cancel your PEP at any time. But once canceled, you will not be eligible to reapply for PEP. About the Publisher: Rikvin has been assisting clients from all over the globe in their Singapore immigration and company incorporation matters. Rikvin operates to offer assistance both to local and foreign business professionals to register a Singapore company. The firm provides a complete corporate solution under one roof for which includes incorporation, opening of corporate accounts, business registration, tax, immigration related to work passes visa such as Personalised Employment Pass and compliance services in Singapore. Our office is located at Raffles Place, in the heart of the Singapore business district. ("CBD") If you are in our neighborhood and want to discuss any aspect of our service then feel free to come in to our offices during business hours. Appointments are welcome but definitely not necessary. Rikvin PTE LTD 20 Cecil Street, #14-01, Equity Plaza, Singapore 049705 Main Lines: (65) 6438 8887 Fax (65) 6438 2436 http://www.rikvin.com
Published on Jan 14, 2011
Published on Jan 14, 2011
Rikvin provides Singapore Company Registration service including securing your Singapore Employment Pass and Singapore EntrePass Visa for Si...