Personalised Employment Pass Services Available at Rikvin The Singapore’s Ministry of Manpower (MOM) introduced Personalised Employment Pass (PEP) on January 1, 2007. This work visa unbinds Employment Passholders and non-permanent residents from a specific employer. “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,” Rikvin said. Rikvin also emphasized that PEPis 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. Basic eligibility requirements were also discussed, including a minimum salary of S$7,000per month (last drawn salary should not be older than 6 months at the time of application), a former P1 category Employment Passholder who resides overseas (likewise, please note that you should not be unemployed for more than a continuous period of six months at the point of application), 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$30,000and 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 (please take note that your annual income should be a minimum of S$30,000). “Note that PEP 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 concluded. About the Publisher: Rikvin has successfully provided foreign and local entrepreneurs assistance to form a Singapore company . The firm provides a full spectrum of corporate services under one roof for Singapore company registration , accounting, tax, work passand related compliance services for individuals and companies worldwide. Our office is located at Raffles Place, in the heart of the Singapore businessdistrict. ("CBD") If you are in our neighborhood and want to discussany aspect of our service then feel free to come in to our offices during businesshours. Appointments are welcome but definitely not necessary. 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 Jun 13, 2011
Learn about Singapore Personalised Employment Pass – provided and presented by Rikvin, Singapore’s leading company registration firm and bu...