Personalised Employment Assistance by Rikvin
The Singapore’s Ministry of Manpower (MOM) introduced Personalised Employment Pass (PEP) on January 1, 2007. This work visa unbinds Employment Pass holders and nonpermanent 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 Ministry of Manpower (MOM) based on individual’s merits and professional accomplishments grants PEP. 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 PEPholder 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$7,000 per month (last drawn salary should not be older than 6 months at the time of application), a former P1 category Employment Pass holder 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 Passholder, 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 (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 Group was founded in 1998 on the premise that entrepreneurs require a service that empowers them to achieve their businessincorporation goals in the most cost-effective and expeditious way while maintaining the highest level of personal confidence in the quality of the corporate services offered. Rikvin provides a full spectrum of corporate services under one roof for Singapore company incorporation, assistance to register a Singapore company, accounting, Singapore visa types, work pass and related compliance services both for individuals and companies worldwide. 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 Nov 16, 2011