Rikvin Presents a Quick Overview of a Singapore Employment Pass With Singapore’s developing economy and ideal location, foreign firms have always regarded this country among the most ideal business centers in the Asia Pacific region, according to a professional business registration firm, Rikvin. For foreign entrepreneurs who would like to setup a Singapore company and transfer in the country, the most essential thing they should do is to submit an application for Employment Pass, which is a visa released to those people with entrepreneurial skills. Meanwhile, this pass is also given to investors, managing directors, professionals, and highranking personnel. According to Rikvin, a top business registration company in Singapore, standard requirements should be complied in order to be approved for an Employment Pass, among which are having a minimum monthly salary rate of S$2500, a good educational background, a preferable work related experience or entrepreneurial background and potentials, and entrepreneurial skills for businessmen. Rikvin also emphasized that the four basic requirements are the basis of assessment of Singapore’s Ministry of Manpower (MOM). Other factors that are being considered are status of a company, its paid up capital and the applicant’s age and current citizenship. For first time people, the Singapore Employment Pass is valid for two years while foreigners who have stayed longer in the country are needed to renew this visa every three years. At the same time, this pass can be renewed as long as the holders will continue on their business operation or employment in Singapore. In most cases, Employment Pass holders are eligible for permanent resident status just six months after staying in the citystate. But still, Rikvin recommends people from other countries to hold out at least two years in order to have a higher chance of being permitted. “For foreigners who would prefer to have their family with them as they relocate, we recommend that you secure an Employment Pass. An employment pass allows a foreigner to bring his spouse and unmarried children under 21 years old who are usually given permission to study, work and love freely in Singapore.” Rikvin added. Just like almost any other licenses or permits, an employment pass should also be renewed in order to enjoy its benefits and continue business operation in the country. Rikvin concluded with some useful tips on how to have a smooth process in securing an employment pass and how to handle cases when application is rejected.
About the Publisher: Rikvin is a Singapore-based consultancy that offers businesssolutions for both local and foreign professionals, investors and entrepreneurs. Rikvin’s areasof expertise include assistance to incorporate a Singapore company, offshore company setup, Singapore work visa, and other related corporate services. Rikvin also provides immigration services for foreign professionals wishing to relocate to Singapore.
Rikvin PTELTD 20 Cecil Street, #14-01, Equity Plaza, Singapore 049705 Main Lines: (65) 6438 8887 Fax (65) 6438 2436 http://www.rikvin.com
Published on Mar 19, 2012
Learn about Singapore Company Registration – provided and presented by Rikvin, Singapore’s leading company registration firm and business so...